Underwriting Capstone 201: Jumbo Loans, A-Minus, and Expanded Approval is an intermediate course for AUS risk assessment in the Underwriter Certification series. The course features agency specific data and is designed to further the principles and information provided in Capstone 101: Basics of Automated Underwriting. Students will review jumbo loan standards, Freddie Mac's A-minus loan offering with case study, and Fannie Mae's Expanded Approval Mortgage Program with case study.
Lesson 1 - Jumbo Loans
- Defining Jumbo Mortgage Loans
- Property Appraisals
- Jumbo Standards
- Jumbo Loan Evaluations in AUS
Lesson 2 - Freddie Mac's A-minus Loan Offering
- Defining A-minus
- Freddie Mac A-minus Eligibility (Loan Parameters, LTV and Subordinate Financing, ARMs and Buydowns, Other Considerations)
- Case Study
Lesson 3 - Fannie Mae's Expanded Approval® Mortgage Program
- Defining Fannie Mae's Expanded Approval® Mortgage Program
- Expanded Approval® Mortgage Eligibility and Documentation Guidelines
- Case Studies
 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 II) Professional Certificate. |