Capstone 101: Basics of Automated Underwriting provides fundamental instruction for automated underwriting using Fannie Mae's Desktop Underwriter® and Freddie Mac's Loan Prospector®.
The course is designed to provide the key underwriting components of automated risk evaluation for both the credit and collateral aspects of the mortgage loan file.
Found within the lessons are excerpts from Fannie Mae’s Guide to Underwriting with Desktop Underwriter and Freddie Mac’s Training and User Guide for LP.
Course Outline:
Lesson 1 - Defining Automated Underwriting Systems
- Defining Automated Underwriting Systems
- Automated Underwriting Process
- Documentation Requirements
- MISMO
Lesson 2 - Evaluating Loans with Desktop Underwriter
- Navigating DU®
- DU® Recommendations and Reports
- DU® Requirements
- Resubmission Guidelines
- Case Study
Lesson 3 - Evaluating Loans with Loan Prospector®
- Navigating LP®
- LP® Feedback, Risk Class, and Documentation Levels
- LP® Requirements
- Resubmission Guidelines
- Case Study
 CampusMBA is
offering the CRU designation through a partnership with Genworth Financial.
Genworth's underwriting courses and content have been implemented into the program
curriculum to enhance CampusMBA's current offerings to the real estate finance industry.
Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Residential Underwriter (CRU Level I) Achievement Certificate. |