Underwriter Boot Camp

Online Course: ID# 1005810
Price: $995.00
Qty:
About This Course:
The "Underwriter Boot Camp" covers a variety of key mortgage underwriter functions, and consists of several instructor-led online training modules and an exam at the end of the course. The program is offered through the National Association of Mortgage Underwriters (NAMU®).
The ModulesBelow are the module titles and just a few of the learning items covered in each module.
Mortgage Underwriting 101- The 4 C's of Underwriting
- Credit Report Review
- Wage Earner Income Analysis and Calculation
Advanced Underwriting- Analysis of Personal and Business Tax Returns
- Title Review
- Loan Documentation
FHA/VA Underwriting- FHA/VA guidelines and rules
- Required documentation
- Underwriting/credit requirement/employment & income/assets
- Down payment requirements/borrowers minimum required investment
Due Diligence- Manual income, credit, and appraisal underwriting
- Writing up compensating factors
- Identifying red flags
Calculating Income, DTI, And LTV Workshop- Salaried and hourly wage calculations
- Overtime, bonus, commission, Social Security, pension, and other calculations
- Rental income calculations
Appraisal Review Workshop- What to look for
- How to evaluate any "Special Aspects" of the subject property
- How to determine fraudulent information
Tax Returns Analysis Workshop- Income Calculation Formulas
- Self-Employment Income Guidelines
- Personal & Business Tax Return Forms and Schedules
Anticipated Time To CompleteThis online program will take approximately 24 hours to complete. You do not have to complete this program in one sitting - there are bookmarks that allow you to stop and restart as needed.
Access InformationUpon enrollment, you will receive an email from the course provider (CampusMortgage®) with links and passwords to access your course. You will have full access to the course and it's modules for one full year.