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.
The course covers
- Mortgage and Underwriting Basics
- FHA/VA Underwriting
- Due Diligence
- Calculating Income, LTV & DTI
- Appraisal Review
- Tax Returns Analysis
Why should one take US Residential Mortgage Underwriting certification?
This Course is intended for professionals and graduates wanting to excel in USA residential mortgage underwriting. It is also well suited for those who are already working and would like to take certification for further career progression.
Who will benefit from taking US Residential Mortgage Underwriting certification?
Professionals and executives looking to find employment in underwriting departments of various insurance and mortgage companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.
US Residential Mortgage Underwriting Table of Contents
US Residential Mortgage Underwriting Practice Test
US Residential Mortgage Underwriting Interview Questions
Companies that hire US Residential Mortgage Underwriting
US Residential Mortgage Underwriters will find employment in different top tier MNC's and corporate.
US Residential Mortgage Underwriting Related Blogs
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US Residential Mortgage Underwriting Jobs
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US Residential Mortgage Underwriting Internships
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Apply for Certificate in US Residential Mortgage Underwriting
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TABLE OF CONTENT
- What is a Mortgage?
- Monthly Payment
- Escrow Account
- Types of Loans
- Pre-qualification and pre-approval
- Points and Pre-Payment Penalty
- Standard Mortgage Forms
- Government-Sponsored Enterprise (GSE)
- Loan Processing
- Common Mortgage Terms
- Mortgage Terminology
- Underwriter Role
- Underwriting Elements
- Underwriting Process
- Types of Underwriting
- Mortgage Underwriting
- Types of Mortgage Jobs
- 4 C’s
- Loan Stacking
- Underwriter Skills and Duties
- Reference Guides
- Agency Guidelines
- AUS Findings
- Forms 1003 & 1008
- Credit Report Review
- Credit Analysis
- General Income Information
- Assessing Income
- Assessing Assets
- FHA Program
- Borrower Eligibility
- Mortgage Parameters
- Mortgage Insurance
- VA Entitlement & Guaranty
- VA Credit Underwriting
- Due Diligence Basics
- Automated Underwriting
- Manual Underwriting
- Compensating Factors
- Identifying Red Flags
Calculating Income, LTV & DTI
- Automated Income Validation
- Wage and Income Calculation
- Debt-To-Income Ratios
- 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