Processing Income and Assets

Course Number: ABA

Course Code: ABA

A basic education of the income and asset documentation and underwriting requirements of a conforming residential mortgage loan, including tips on preparing a quality loan for submission to underwriting.

Re-versioned: August 2014

FREE companion course, Pre-Information on TILA-RESPA for AllRegs Mortgage Courses provides a brief fact sheet: “TILA-RESPA Integrated Disclosure: What Does It Mean For You.” Add this course to your shopping cart during the purchase process.

Produced by Ellie Mae/ AllRegs??

What You’ll Learn
After completing this course, students will be able to:

-Distinguish the risk factors of a mortgage loan
-Identify employment documentation requirements
-Calculate stable monthly income
-Calculate qualifying ratios
-Calculate funds needed to close
-Recognize documentation requirements and acceptable sources of funds

Audience: Loan processors.?

Prerequisites: None