Re-versioned: August 2014

This course is designed to provide a basic education of the income and asset documentation and underwriting requirements of a conforming residential mortgage loan. The course will also provide tips on preparing a quality loan for submission to underwriting.

Audience: Loan Processors.

Learning Objectives: 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

The Residential Lending course curriculum was developed by AllRegs®, your source for fast, reliable answers.