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This webinar on Wednesday, January 10, from 3:00 p.m. to 4:30 p.m., will focus on the fundamentals of underwriting credit: the essentials of gathering the right information, analyzing it in an informative, consistent manner, and understanding the impact of fair lending rules. It will also explain why certain aspects of underwriting are done the way they are. The program will focus primarily on underwriting consumer and residential mortgage loans, although it will also address how underwriting fundamentals apply to commercial lending. Join us to learn the basics of calculating debt-to-income ratios using tax returns, pay stubs, and credit reports.
For those participating in this webinar, you can expect to cover:
- Primary questions underwriting should address
- Information to gather for various loan requests and how it can be used in underwriting
- Reg B dos and don’ts when requesting and analyzing financial information
- Calculating a borrower’s monthly income consistently and accurately, considering several common sources of income
- Tips on assessing a borrower’s monthly obligations, including options for how to treat credit card debt, deferred debt, and debt that is maturing
- Importance of documenting your underwriting analysis, and how to do it effectively
After participating in this webinar, attendees will receive: A written manual discussing the material covered in the presentation; list of questions to ask yourself when underwriting (designed as a tool for learning and applying the fundamentals); employee training log; and a quiz you can administer to measure staff learning and a separate answer key.
This webinar is offered through the League's partnership with the CU Webinar Network. For more information or to register, please click here.