Let’s Get Back to MI Basics
Review your favorite posts from our Back to MI Basics series plus other blog posts and training courses related to your role!
Get More Good Stuff Below
Posts for Loan Officers
Appraisal Trends: Mastering Property Conditions and Location on the Appraisal Review
The mortgage process involves diligence and timeliness to ensure…
Ask an RU: Everything you Need to Know about Non-Arm’s Length Transactions
Referrals and networking are key tactics that many of us rely…
6 Tips for First Pass Approval When Submitting a Non-Delegated MI Application
Underwriting non-delegated loans requires a lot of diligence…
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Top Training Courses for Loan Officers
Introduction to the Mortgage Industry
Designed for new personnel, those new to the mortgage industry or individuals who need a refresher on: Industry Terms, Evolution of the Mortgage Industry, Characteristics of Different Types of Lenders, What is the Secondary Market and Types of Mortgage Related Income.
Understanding Credit Reports and Credit Scores
Discover who prepares the credit report, what information is included, where the information comes from, and the different types of available reports. Understand how to use the codes included throughout each section of the credit report, plus increase your knowledge of the elusive credit scoring model and how it impacts the borrower scores.
An Overview of the New Residential Loan Application
This course introduces the new Uniform Residential Loan Application (URLA), commonly referred to as the 1003/65. Reviews the new information fields that are required and provides a quick look at the new sections, as well as effective dates for using the form.
Understanding Affordability Options
An overview of Fannie Mae’s HomeReady product is highlighted in this webinar. Product eligibility and underwriting options, as well as mortgage insurance guidelines are reviewed.
Posts for Loan Processors
Ask an RU: Top Compensating Factors to Help More Borrowers Get into a Home
Not all mortgage loan submissions are the same! When you are…
Ask an RU: Everything You’ll Need to Know About Gifts, Gifts of Equity and Gift Funds
We strive to help lenders bring the dream of homeownership to…
Avoiding Burnout in a Virtual World
March 2021 marks a full year of working virtually for many of…
5 Tips to Ensure a Smooth Underwriting Submission Process
Your borrower found the perfect home. You’ve collected and…
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Top Training Courses for Loan Processors
Asset Review
Learn how to review bank statements and assets, identify acceptable assets, and identify key compliance and misrepresentation components.
Best Practices in Loan Processing
Session highlights basic best practices for Loan Processors before submitting a file to underwriting. Common sense tips that are often overlooked before submission.
Calculating Rental Income
The course will help you understand general guidelines for calculating rental income, including recent Fannie Mae/Freddie Mac announcements and forms, as well as how to use Schedule E.
Understanding URLA
This course introduces the new Uniform Residential Loan Application (URLA), commonly referred to as the 1003/65.
Posts for Underwriters
Ask an RU: How do I Navigate Fluctuating/ Variable Income on Mortgage Loans?
The best part about the mortgage industry is that we have the…
Ask an RU: Best Practices to Handle Assets and Reserves for Loans?
Borrowers come with many stories and backgrounds. That’s why…
Ask an RU: Any Updates to Manufactured Housing Requirements?
Manufactured housing requirements have certainly seen some revisions…
Ask an RU: What makes a Condominium Non-Warrantable?
You’ve got a borrower interested in buying a condominium (condo…
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There’s no place like home. That’s why we bring our deep expertise, insightful offerings and extra mile service to work every day to help lenders bring the dream of homeownership to more people. LEARN MORERecent Posts
- Ask an RU: How do I Navigate Fluctuating/ Variable Income on Mortgage Loans? October 31, 2024
- Ask an RU: Best Practices to Handle Assets and Reserves for Loans? September 26, 2024
- Ask an RU: Any Updates to Manufactured Housing Requirements? August 22, 2024