Outline
Loan to Value Ratio (LTV)
Qualifying a Borrower
- Credit
- Ability to repay
- Property Eligibility
- Assess Risks
Analyzing Borrower and Property
- Capacity
- Credit
- Collateral
Analyzing assets
- Down payment
- Reserves
- Third Party Verification
- Gifts
Automated Underwriting Systems
- Desktop Underwriter DU – Fannie Mae
- Loan Product Advisor LP – Freddie Mac
Calculating Debt to Income Ratios
- Income Components
- Debt Components
Employment and Income Requirements
- Computing Monthly Income
- Credit Scores and Credit Scoring
Learning Objectives
- Calculating LTV
- Identify criteria used to evaluate ability to repay
- Discuss Automated Underwriting Systems
- Complete simple income calculations
- Calculate debt-to-income ratios.
- Calculate maximum mortgage payments
- Calculate maximum loan amount
Teaching Methods:
Power Points, Video PowerPoint Presentation and Optional Quiz
Course Features
- Lectures 1
- Quizzes 1
- Duration 1 hour
- Skill level All levels
- Language English
- Students 10
- Assessments Yes