In April 2020 alone, there was a reported 10% decline in self-employed individuals. 60-Minute Session Learn the basics of applying Fannie Mae's & Freddie Mac's conventional guidelines on rental income in qualifying for a mortgage. Are you ready for your next loan file containing RSUs? This video highlights the functionality supported by Radian within Encompass to order and simplify the title process. The Arch MI Tax Return Analysis Calculator, Audience:Loan Originators, Processors andUnderwriters, The AMITRAC (Arch MI Tax Return Analysis Calculator) is an interactive and intuitive spreadsheet that follows the SAM method of tax return analysis. We are often asked how mortgage insurance can support Construction-to-Permanent transactions. Learn the five-step GRASS method, three common mistakes to avoid and the most important (and sometimes the most difficult) thing your plan should include. 6610 W. Broad St. Bldg. Enhance your reputation by aligning your market, message and media. Our Customer Training Program is a best-in-class educational curriculum teaching the key skills, techniques and best practices needed to build your team's confidence and grow your share of originations. This short video highlights some benefits, terms, and scenarios for your understanding. Housing and Mortgage Market Review (HaMMR). The thought of purchasing a home might be daunting for many. Advanced Knowledge of training needs analysis, design, and development. Learn More. Our financial products are offered/underwritten by one or more of the following:Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York (only Genworth Life Insurance Company of New York is admitted in and conducts business in New York); Genworth Mortgage Insurance Corporation;Genworth Mortgage Insurance Corporation of North Carolina; Genworth Financial Assurance Corporation. Calculating income for self-employed borrowers is an ongoing challenge. In addition to helping our employees with their training, leadership, and development needs, we also partner with various learning and development companies to help our employees drive their business performance. This webinar was recorded on January 24, 2023. Join one of our live webinars or learn on-demand at your own pace. 10:00am (PT) Our digital library includes learning modules, videos, frequently asked questions, demos . (Established professionals may also find this course a good refresher.). FHA or Enact MI? For example, in April 2020 alone, there was a reported 10% decline in self-employed individuals, causing a direct impact on your borrower . Live webinar training is also designed to accommodate busy employees who wish to extend their knowledge in different areas during the workday. In this 60-minute online workshop, you'll learn the why behind allowable add-backs in the cash flow analysis of investment property and receive hands-on practice using our Cash Flow Analysis Worksheet. We will also review the principles of profit and loss statement requirements, net operating loss carryover considerations and person debts paid by the business. Our full-time trainers are mortgage industry experts. The real estate and housing markets are experiencing an unprecedented shortage of existing homes. Available formats: Webinar,On-Demand Video, On-Site Training (Contact your Arch MI Account Manager), The First Step in Understanding Acceptable Qualifying Income, Audience:Loan Originators, Loan Processors, Jr. Underwriters. The following Genworth training webinars deliver the advantage of a live instructor with the convenience of learning right from your desk. Watch Full Recording Register Now 1120S/K-1 S-Corporation Analysis - Self-Employed Borrower Income 20-Minute Micro Session Visit our Training catalog to register for an account using your NMLS ID. During this session we will discuss what DU reviews; the Importance of data integrity and we will highlight key areas of interest on the Summary Report and the UW Analysis Report. Understanding Loan Product Advisor - Advanced Guidelines and Updates, Updated Policy or Underwriting Changes or Clarifications, How to Determine if a Borrower Qualifies for the Program and its Benefits, Learn How to Properly Calculate Assets and Reserves for Mortgage Loans, Understand Fannie Mae's HomeReady Loan Program, Best Practices in Avoiding Common Underwriting Errors, Review Common Mistakes and Learn How to Avoid Them, Review of Partnership Income Form 1065 with Schedule K1, Fannie Mae 1084, and Review the K-1, 1065 and Solvency Test, Verify Sufficient Funds to Close by Completing the Two Examples, Review Different Types of Income and the LES (Leaving & Earning Statement), Review and Calculate Miscellaneous Employment Income, Bonus, Overtime, Commissions, Seasonal Income, Unemployment, Temporary Leave, Review S-Corporation - Form 1120S and 1040 with W2 and K1. Appraisal Appraisal Review Checklist Download PDF Single Family Appraisal Booklet Download PDF Condo Appraisal Booklet Download PDF Appraisal Forms List Download PDF Manufactured Housing Appraisal Booklet Download PDF E-LEARNING & Previous Webinars Get easy access to National MI courses and our previously recorded webinars. Keeping these cookies enabled helps us to improve our website and display content that is more relevant to you and your interests. In this session, plan to take inventory of your connections and identify whom you want to re-engage with and how. Get useful how-to guidance on setting up and managing these visual meetings. Intended Audience: new loan officers, processors and other mortgage operations professionals. 800-444-5664 action.center@enactmi.com EnactMI.com ABOUT US There's no place like home. Genworth is committed to helping families become more financially secure, self-reliant, and prepared for the future. How to Set Up and Conduct Virtual Meetings with Your Borrowers. Login/Register TRID regulations govern the mortgage process and dictate what information lenders are required to provide to borrowers - as well as when they are required to provide it. Reach NextGen, Multicultural, and Multigenerational Homebuyers and learn more about how you can better educate and serve this important and vital demographic. Conventional loans are much more common than government-backed financing. This Learning Center page provides resources and training on originating & underwriting loans, Fannie Mae's underwriting applications, and best practices to help you get the most out of Fannie Mae mortgage products, the Selling Guide and technology applications. Watch Webinar Recording How to Read a Credit Report in Under 5 Minutes Who Should Attend: Loan Officers, Processors, Underwriters Being able to confidently review a credit report with your borrower isn't always easy. . Three keys to becoming a better listener. This dynamic discussion highlights the expansion of diverse markets and strategies you can leverage to address this market shift. Properties with solar panels are becoming increasingly common and can have a big impact on mortgage financing. Connect with audiences through engaging webinars and events that support up to 1,000 participants. Watch Webinar Recording How to Review an Appraisal This webinar was recorded on February 23, 2023. This module will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. Indexes, margins, caps and more3/6, 5/6, 7/6 to explore. We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. When determining whether a webinar is the best medium for your needs, consider. Start planning for long term care so they can live life with confidence. But the system offers much more. Join "LinkedIn Whisperer" Brynne Tillman for session three of the "Mastering LinkedIn for Mortgage Professionals" series where shell uncover a crucial aspect of social selling. Online virtual meetings are essential to successfully communicating with your customers and partners. Accessory Dwelling Units or ADU's are becoming more common in mortgage transactions, yet many are unaware of the specific guideline requirements for this type of property. We've expanded our Nontraditional Credit Guidelines. To get started with ordering MI and servicing assistance from MGIC, begin with a review of our submission options and helpful resources. Our webinars, e-learning courses, and podcasts help you stay connected to your customers by providing relevant social media strategies, tips on increasing sales productivity, techniques for developing a growth mindset, and more. Led by our team of experienced educators, youll get hands-on, practical training on topics that are relevant to your everyday operations. In this session, youll learn: Available formats: Webinar (Contact your Account Manager), On-Site Training (Contact your Account Manager), Ten Tips That Turn the Tide in Your Favor, Audience:Loan Originators and Mortgage Management Professionals. More and, more loan files reflect different types of, compensation. self-paced training, timely videos, podcasts, and instructor-led live webinar sessions. Planning is everything. While many things can affect a plan (COVID-19, anyone? Course Info & Materials Download Course Materials Case 1 - Lisa Foreman Case Slide 2 - Preparing Personal Tax Returns Using CCH Taxprep Slides Practice Cases 1 - Case 1 2 - Case 2 3 - Case 3 Difficulty & Length Estimated Time: 4 hours Difficulty: Beginner Course Curriculum 1 - Section 1 1 of 3 1.1 Lesson Form 1120 2 of 3 1.2 Lesson Form 1120 3 of 3 We use cookies to give you the best experience on our website. Date post: 28-May-2020: Category: Documents: Author: others View: 1 times: Download: 0 times: Download Report this document. Never heard of SplitEdge? It requires that our employees embrace the need to regularly evaluate their own knowledge and skill sets. We'll review what each ratio represents, why and how it is used in an analysis and where and how it functions in the decision-making process. Learn how to support your Mortgage Insurance (MI) origination and servicing needs, including Non-Delegated MI, Delegated MI, and Contract Underwriting. Mortgage Market Conditions provides insight into the current market, the challenges facing today's mortgage professionals and suggests some Radian tools and resources you can leverage to connect with consumers. Essentials of Mortgage Lending (1 or 2-Day Course), Understanding the Fundamentals of Home Loans. If you have a group for in-person, on-site training, we can provide that, too. Share this document with a friend. capabilities that empower employees to create and execute on their development plans to be the most effective in their role and impactful to the business. Find everything you need to succeed right here, whether it be training, lead generation or networking. Click, Looking for more info on MI Online or need to register as a new user? Analyzing Appraisals for Single Family Residences, Identifying the Key Areas of the Uniform Residential Appraisal Report, Audience:Loan Processors and Underwriters. Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. Forgot password? 1-Day Course:This one-day hands-on fundamentals course delivers information that you can use to be a successful mortgage industry team member. Intended Audience: Mortgage professionals who have at least one years underwriting experience and a solid understanding of the various business structures and tax forms. Cookies help us improve your website experience. In this hands-on course, you'll learn the proper adjustments to help qualify your borrowers. The practice exercises include various salaried, military, teacher and non-taxable income scenarios. To engage your team and provide competitive service while staying compliant, your employee training program needs to hit the mark. Arch MI is excited to bring you this important information with industry professional Ginger Bell. Tune into expert insights on your favorite podcast app. Live Webinars. Our Essentials Training webinars are designed to deliver innovative, mortgage training courses to industry professionals like you. Our new training option offers brief, focused videos to increase your knowledge in 15 minutes or less! Diversity, Equity & Inclusion, Social Responsibliity, National MI Benefits, Current Job Openings, Creating Clients the Ninja Way with Rebecca Lorenz, Insights from the 2023 NextGen Womens Homeownership Report with Kristin Messerli. We do this by providing private mortgage insurance to low down-payment borrowers while protecting lenders and investors against losses related to default. We understand each Servicers unique business practices and are committed to helping Servicers maintain an up-to-date and accurate portfolio. It's as easy as 3,2,1! Sharing your expertise via online webinars helps establish you as a trusted financial advisor to a wide audience. Learn about the variety of red flags you will encounter when reviewing loan files and how to identify fraud schemes. We deliver skill-building training programs and special events right to your desk through our webinars. Learn some of the industry lingo while exploring the importance of Valid AUS Findings to the loan file. Watch our step-by-step video tutorials on how to use Radians MI Online platform. That's why we've expanded on the GSE's nontraditional credit guidelines to create accessibility for underserved, yet credit-worthy borrowers. Embed Size (px . Short videos help maximize your learning experience, Timely podcasts you can listen to while on the go, Supplemental activities reinforce important concepts and apply what have you learned, Engaging workbooks and training materials bolster your knowledge. Enhanced Customer Service Through Better Business Communications, Best Practices in Professional Business Communication, Fannie Mae and Freddie Mac Renovation Programs, Understand the Basics for Fannie Mae and Freddie Mac Renovation Programs, Highlights Critical Areas of Purchase Transactions, Understanding Adjustable Rate Mortgages (ARMs), Leveraging Mortgage Insurance in Today's Market, Structuring Mortgage Insurance in today's market, Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures, Managing the Middles - A Look at LTV Scenarios, How to differentiate yourself as an advisor in this competitive market. (888 436.9678) Monday - Thursday: 8:30 AM - 6 PM ET. Fine-tune your communication skills to improve sales performance. Learn why line items matter on a Schedule C so you can properly make cash flow adjustments when analyzing the borrower who is a sole proprietor of a business. Bring your calculator and be ready to practice what you learn. in group process facilitation, classroom instruction, and organizational effectiveness. For years, the mortgage and real estate industries relied solely on the traditional appraisal report. 60-Minute Session *The Coverage Needs Estimator is not available for all policy forms. Forgot username or password? Review the W-2, 1120S & K1 Using Fannie Mae's 1084. Review and Calculate Miscellaneous Non-Employment Income, Review Income Sources (such as Public Assistance, Disability, Tips, Foster Care, Social Security), Appraisal Underwriting - Part I The Basics, Reviews Basic Appraisal Theory and the Concept of Market Value, Liabilities: Calculating and Modifying the DTI, Review the Relationship of the P&I vs. Borrower Debt to the DTI, Self-Employed Borrower Form 1084 Part I - The Personal Tax Return, Calculate Income for Fannie Mae from Personal Tax Returns, Review Basic Calculations of Salary and Hourly Income, Self-Employed Borrower Form 1084 Part II - The Business Tax Return, Calculate Income for Fannie Mae for Partnerships and S Corporations, Including K-1 Income, Effective Application Interviewing and Review, What is Needed for a Complete Uniform Residential Loan Application, Appraisal Underwriting - Part II Focus on the Sales Comparison, Current Issues Surrounding the Sales Comparison Section of the Uniform Residential Appraisal Form, Rental Income Calculator and Quick Reference Guide for Rental Income, Completion of Schedule F Using 1084 Cash Flow Analysis Form, Utilize Resources to Grow Business - Focus on Actions that Create Loyalty, Critical Thinking and Problem Solving: Structuring a Loan Application. Creating a Customer Communication Strategy Plan, Keeping Customers Informed and Engaged in a Virtual World. Build organizational capability and employee engagement by enhancing: Business Acumen by ensuring employees have a deep understanding of our industry, business, and customers, as well as applying that knowledge in their role. To request on-site training, please contact yourArch MI Account Manager. Use Arch MI resources to assist you in your loan processing review. This unique professional development opportunity provides insights on how to grow and expand your skills to achieve more happiness and success at home and work.