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Processing Income and Assets

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.

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