Back to MI Basics

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.

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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.

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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.

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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.

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Posts for Loan Processors

Avoiding Burnout in a Virtual World

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March 4, 2021

March 2021 marks a full year of working virtually for many of…

5 Tips to Reviewing 2020 Tax Returns

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February 3, 2021

While it’s early in the tax season, you may still find some…

5 Tips to Ensure a Smooth Underwriting Submission Process

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January 14, 2021

Your borrower found the perfect home. You’ve collected and…

6 Tips to Calculating Income During COVID-19

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August 20, 2020

One of the biggest challenges for the mortgage industry during…

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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.

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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.

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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.

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Understanding URLA

This course introduces the new Uniform Residential Loan Application (URLA), commonly referred to as the 1003/65.

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Posts for Underwriters

Ask an RU: A Comprehensive List of Tips for First Pass Approvals

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July 7, 2022

We understand that you’d like to have a clear to close commitment…

Ask an RU: Underwriting Loans with Restricted Stock Units as Income

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July 29, 2021

It’s an ordinary day of underwriting mortgage files and then…

Ask an RU: Borrower Minimum Contribution Basics

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June 24, 2021

As an underwriter, it can seem as though there are many important…

Ask an RU: Contingent Liability Basics

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April 29, 2021

You’re reviewing the loan file and notice a line item under…

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Top Courses for Underwriters

Manufactured Housing

This session provides an overview of the general requirements of delivery and underwriting for manufactured homes for both Fannie Mae and Genworth. Get an overview of Fannie Mae Form 1004C, uncover potential red flags, and gain a better understanding of the manufactured home appraisal.

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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!

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Posts for Loan Officers

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Posts for Loan Processors

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Posts for Underwriters

Top Courses for Underwriters

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