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.?