Join us for an intensive study course on these basic mortgage lending formulas. In the Calculating Income, LTV, & DTI Workshop, students will learn how to apply the correct calculation to various loan scenarios. Examples will be presented and students will have an opportunity to complete exercises with the instructor for a better learning experience.
Calculating Income, LTV, & DTI Workshop
- Hourly Wage Calculations
- Salaried Income Calculations
- Overtime, Bonus & Commission
- Unreimbursed Expenses
- Varied Types of Income
- Self Employment Income
- LTV, CLTV, and HCLTV Review
- DTI Review
- Practice Quiz
**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.
- Course Length: 3 Hours
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- All Course Materials are Downloaded as PDF Files
- Certificate of Completion Downloaded as a PDF File
WHO SHOULD ATTEND:
Aspiring mortgage processors & underwriters wishing to learn mortgage underwriting, from A to Z. Whether you’re unemployed and looking to enter the mortgage underwriting profession, or you’re currently working at a bank or lender as an loan processor or underwriter, this mortgage underwriter training program will provide the skills you need to succeed as an effective mortgage underwriter. Also ideal for underwriting managers looking to train their existing staff on proven underwriting principles.
HOW IT WORKS:
Soon after you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training.
ABOUT THE INSTRUCTOR:
Each instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.
You will need the following: 1) a Computer, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly. Note: dial-up internet connection will not work and wireless internet must have a full signal.
Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.
JOB SEARCH RESOURCES:
Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing our program. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Please note: The Job Search Resources are not to be considered job placement assistance as we view that as a conflict of interest.