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.

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