Description
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.
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
