Essentials of Residential Underwriting is designed to present an overview of the underwriting process and the underwriter's responsibilities in the process. The role of an underwriter has always been to decide whether making a particular loan is a prudent investment. Over the last two decades, this role has been modified and has increased as the mortgage lending industry has changed. What was perhaps a 'rubber stamp' job is now one of the most highly regarded positions in a mortgage banking firm. Students will study basic components of the underwriting process and the role of the underwriter in the process; types of real estate transactions; key components in evaluating applicants for a residential mortgage; credit and debt, fund, and income analysis and documentation; basics of property appraisals; and the alternatives available when an underwriting decision is reached. The course includes links to relevant underwriting documents. Two case studies are included.
  
NOTES:  This is a self-paced, self-study course. Enroll anytime and take up to 8 months to complete the course.