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MTG7324

Course
MTG7324
Course Title
Introduction to Underwriting

Description

Enhance your current mortgage knowledge by learning to determine a borrower's credit worthiness through risk-analysis. This course will improve your mortgage loan decision-making skills. Prior mortgage experience or MTG 7318 is recommended before taking this course.

Objectives

Student will be able to

  • Comply with mortgage industry regulations
  • Analyze the risk factors and evaluate borrower eligibility for a mortgage loan and render an underwriting decision
  • Verify documentation for automated underwriting decisions

 

Content

  1. Introduction of mortgage loan underwriting
    • Review of mortgage loan process/terms
    • Income calculations
    • Asset verifications
  2. Loan eligibility guidelines
    • Prime loans
    • Sub-prime loans
  3. Eligibility
    • Borrower eligibility guidelines
    • Property eligibility guidelines
    • Decision making
  4. Fraud Review
  5. Automated Underwriting Systems

 

Prerequisites

None

Method of Instruction

Lecture, Discussion

Evaluation

Examination