Instructor-Led Online Course

During this course students will learn the methods and expertise needed to successfully underwrite conventional loan files. Industry experts will guide you through the underwriting process, including loan categories, supporting documentation, appraisal review, credit, income and asset analyses, fraud detection, and risk management, and teach you how to apply this information to the everyday task of reviewing loans.

What it's about

Class Schedule

New dates coming soon.

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Classes consist of four/2-hour weekly modules with instructors delivered through the Academy Learning Management System.

Space is limited, so register today!

Learning Goals and Objectives:

By the end of this course participants will be able to:

  • Define the role of the underwriter
  • Describe elements that impact credit
  • Analyze income and determine income stability
  • Evaluate assets and determine eligibility
  • Explain the appraisal review process
  • Identify inconsistencies in a mortgage loan file that may indicate potential fraud and related processes for quality control
  • List best practices to mitigate underwriting risk within a business environment

WHO SHOULD ATTEND

  • New Underwriters
  • Jr. Underwriters
  • Quality Control Personnel

Benefits

By the end of the course participants will have a fundamental understanding of how to read and interpret a credit report and analyze the liabilities found within it; analyze income, assets and collateral. Recognize red flags, potential fraud and overall loan file inconsistencies that impact the underwriting decision.

Program Details

Session One - Topics

  • Research Credit and Liability requirements of Fannie Mae and Freddie Mae
  • Analyze multiple credit report samples and determine eligibility and identify red flags

Session Two - Topics

  • Research Income/Employment and Asset requirements set by Fannie Mae and Freddie Mac
  • Review and analyze various income and employment documentation and determine eligibility
  • Calculate income from various types of income documentation
  • Calculate ratios
  • Test your understanding of asset requirements
  • Analyze asset documentation and determine if it meets eligibility requirements

Session Three - Topics

  • Research Fannie Mae and Freddie Mac appraisal requirements
  • Analyze appraisal samples and determine if they meet investor guidelines

Session Four - Topics

  • Review the course case study in its entirety.
  • Complete the 1008 Underwriting Transmittal Form
  • Provide your underwriting decision with explanation

Tuition & Registration

The course is $600 per person. Tuition includes all course materials. Upon successfully completing the course, students will earn an industry-recognized certificate of completion.