Underwriting Training

Look Beyond the Numbers: Analyzing the 1004
Course Description: Comprehend the Uniform Residential Appraisal Report. Learn how to read and correctly interpret the appraisal and spot red flags within each section of the form. (Note: All Live Online Sessions are scheduled on Eastern Standard Time). 1 ½ hour Live Online ½ Day - Classroom Click Here for Registration Information...
Mortgage Fraud Detection: Staying a step ahead
Course Description: Prevent potential losses due to mortgage fraud. Understand how fraud impacts the mortgage industry and learn how to identify the “red flags” that could indicate fraud or misrepresentation. (Note: All Live Online Sessions are scheduled on Eastern Standard Time) 1 ½ hour Live Online 2 hour - Classroom Click Here for Registration Information...
Conquer the Conundrum - Cash Flow Analysis of Personal and Business Tax Returns
Course Description: Learn how calculated qualifying income for self-employed borrowers and others. This hands-on course fully reviews the personal tax return and takes a brief look into business tax returns utilizing the RMIC Analysis of Cash Flow Worksheet. (Note: All Live Online Sessions are scheduled on Eastern Standard Time) 1 ½ hour Live Online ½ Day - Classroom Click Here for Registration Information...
Get to know S.A.M.: Schedule Analysis of Personal Tax Returns
Course Description: Learn how to calculate qualifying income using tax returns. This is a hands-on course, designed to teach mortgage professionals how to identify the self-employed borrower, as well as how to accurately calculate income for commissioned borrowers, sole proprietors and property owners. (Note: All Live Online Sessions are scheduled on Eastern Standard Time) 1 ½ hour Live Online ½ Day - Classroom Click Here for Registration Information...
Small Community and Rural Property Appraisal Review
Course Description: This 90 minute class was designed in response to the challenges associated with reviewing homes in small communities or rural areas. The class specifically addresses; What makes these types of properties difficult to review, what is not acceptable, how to look at key sections of the appraisal and formulate effective questions for the appraiser when the "picture" is unclear. Click Here for Registration Information...
Appraisals In-Depth
Course Description: This class is for experienced underwriters who want to improve their ability to analyze appraisals in this changing market. Participants will learn how to identify and respond when values and adjustments are not adequately supported, recognize when the subject property is in a declining market, respond to inconsistent information and verify that sales concessions have been adjusted appropriately Click Here for Registration Information...
Gimme a "T" - Form 4506-T
Course Description: Requesting IRS transcripts to validate income documentation will soon become part of prudent underwriting practices in the mortgage industry. This course will explain the what, when, and why of IRS Form 4506-T. We will review all aspects of a valid and complete Form 4560-T, explore the use of an IRS transcript to validate income documentation, and practice using an IRS transcript as a standalone verification document. This class is designed for seasoned underwriters who know how to read and interpret tax returns. Click Here for Registration Information...
Back to the Future: Focus on Assets and Liabilities
Course Description: This session will review the various requirements for asset documentation. Discussions include, contingent and other liabilities, interested party contribution (IPS) and documentation acceptability. Click Here for Registration Information...
Back to the Future: Focus on Income
Course Description: Understand industry guidelines for income calculation, complete case studies designed to teach participants how to calculate income for commissioned borrower, bi-weekly and semi monthly income, annualize overtime income and evaluate bonus income. Click Here for Registration Information...