The Underwriting Manual Mortgages and Caution Loans web course provides a detailed analysis of manual and automated underwriting methodologies. Standard underwriting guidelines and case study enable participants to understand risk assessment techniques applied to loans underwritten manually. A comprehensive approach to underwriting loans receiving an automated underwriting system recommendation of "Caution" is also provided.
As a prerequisite to this course, participants should be proficient in intermediate underwriting skills gained through completion of the course requirements for Step 2 Residential Underwriting Professional certification.
Course Outline:
Lesson 1 - Overview of Underwriting Methodology
- Manual Underwriting Eligibility
- Automated Underwriting System Escalation
- Automated Underwriting System-Only Transactions
- What Would You Do?
Lesson 2 - Fannie Mae: DU® Refer and Manually Underwritten Loans
- Risk Assessment
- Step 1 - Evaluate Primary Risk
- Step 2 - Evaluate Contributory Risk
- Step 3 - Determining Comprehensive Risk
- Documentation Requirements
- Case Study
Lesson 3 - Freddie Mac: LP Caution and Manually Underwritten Loans
- The Four Step Analysis of Risk
- Step 1 - Evaluate the Three Cs
- Step 2 - Analyze Layered Risk
- Step 3 - Evaluate the Presence of Multiple Borrowers
- Step 4 - Loan Recommendation
- Documentation Requirements
- 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 Certified Residential Underwriter (CRU Level III) Specialist Designation. |