Certificate in US Residential Mortgage Underwriting
4.3 /5- Offered byVSkills
Certificate in US Residential Mortgage Underwriting at VSkills Overview
Duration | 1 hour |
Total fee | ₹3,499 |
Mode of learning | Online |
Official Website | Go to Website  |
Credential | Certificate |
Certificate in US Residential Mortgage Underwriting at VSkills Highlights
- Earn a certificate upon completion
- Learn from industry experts
Certificate in US Residential Mortgage Underwriting at VSkills Course details
For those already working in the mortgage industry, the certificate can serve as a way to enhance their skills and knowledge of the underwriting process
- Mortgage and Underwriting Basics
- FHA/VA Underwriting
- Due Diligence
- Calculating Income, LTV & DTI
- Appraisal Review
- Tax Returns Analysis
Mortgage underwriting in the United States is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable
Most of the risks and terms that underwriters consider fall under the three C's of underwriting: credit, capacity and collateral
Certificate in US Residential Mortgage Underwriting at VSkills Curriculum
Mortgage Basics
What is a Mortgage?
Monthly Payment
Escrow Account
Types of Loans
Pre-qualification and pre-approval
APR
Points and Pre-Payment Penalty
Standard Mortgage Forms
Government-Sponsored Enterprise (GSE)
Loan Processing
Common Mortgage Terms
Mortgage Terminology
Underwriting Basics
Underwriter Role
Underwriting Elements
Underwriting Process
Types of Underwriting
Mortgage Underwriting
Types of Mortgage Jobs
4 C?s
Loan Stacking
Origination
Underwriter Skills and Duties
Advanced Underwriting
Reference Guides
Agency Guidelines
AUS Findings
Forms 1003 & 1008
Credit Report Review
Credit Analysis
General Income Information
Assessing Income
Assessing Assets
Appraisals
FHA/VA Underwriting
FHA Program
Borrower Eligibility
Mortgage Parameters
Mortgage Insurance
VA Entitlement & Guaranty
VA Credit Underwriting
Due Diligence
Due Diligence Basics
Automated Underwriting
Manual Underwriting
Compensating Factors
Identifying Red Flags
Calculating Income, LTV & DTI
Automated Income Validation
Wage and Income Calculation
LTV/CLTV/HCLTV
Debt-To-Income Ratios
Appraisal Review
Appraisers Responsibilities
Lenders Responsibilities
UAD and UCDP
Collateral Underwriter (CU)
Appraisal Forms
FHA Considerations
Tax Returns Analysis
Self-Employment Business Structures
Cash Flow Analysis Forms Review
Tax Cuts and Jobs Act (TCJA)
2017 and 2018 IRS 1040 Individual Tax Return
Financial Statements
Sole Proprietorship
1120S Analysis, 1120S K1
Partnership & Partnership Business Analysis
Limited Liability Company (LLC)
Analyzing Corporations
Royalty Payment Income
Farming Income
Certificate in US Residential Mortgage Underwriting at VSkills Entry Requirements
- No specific cutoff mentioned
High school/diploma from recognised board
- Not mentioned
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