FREE Mortgage Training Classes - "Ask the Instructor" Videos — National Association of Mortgage Underwriters (NAMU)®

how many months of bank statements are required for a fnmadu approved loan

the borrower is starting a new job until after the closing date what are fannie maes

how many months of child support income must be verified for it to be considered stable by fannie mae

can income from foreign sources be used to qualify a borrower

can we gross up nontaxable income on an fha loan

are individuals with a daca eligible for an fha mortgage

can a student loan payment on the credit report be used for qualifying if it appears to be fully amortizing on an fha mortgage

do we have a process to get condo projects approved for va loans

what is the definition of domestic partner for fha gift purposes

how do we document fha gift donor ability and receipt of funds

when do we need a chapter 13 bankruptcy history for an fha borrower

my fha borrower started a new job over a year ago and now receives bonus overtime income can we use it to qualify even though we do not have a two year history

how is the loan to value calculated on a purchase when the appraisal comes in low

when can the loan funds be disbursedfunded

when can mortgage notes payable less than 1 year be added back to the self employment income calculation

when can you add back salary for a selfemployed borrower on the profit and loss income calculation

what is required for gift funds being used for cash to close for a purchase

what is required for a gift of equity on a purchase

what is the dwelling coverage required for homeowners insurance

what is required for a property recently sold

when is the loan clear to close with final approval from underwriting

what is an earnest money deposit andor due diligence

what is required for a gap in employment

what is required if the base salary is not supported by year to date or prior years income

what is required if selfemployed income is not supported by year to date or prior years income

if tax returns have recently been filed but not accepted by the irs what can be provided in lieu of tax transcripts

what is required for a w2 employee who has variable income

what is required for a mortgage not showing on the credit report

when is a survey required for the subject property

when can rental income be used for the subject property

when can rental income be used for real estate owned other than the subject property

when is a subordination agreement required

when can social security income or pension income be grossed up

when can spousal support separate maintenance or child support income be used

what date must the customer occupy the subject property for a primary residence purchase

what is required for required minimum distribution from a retirement asset

what is required to use distribution from a retirement account as income

what is required when using employmentrelated assets as income

what is required when a selfemployed customer has a change in tax return filing type

can debts other than the 1st mortgage be paid off on a limited cash out refinance

what are at least three 3 types of ancillary income for a mortgage servicer

what are the benefits of quality control for a servicer

what is the servicemembers civil rights act

what happens to the value of a servicing portfolio when interest rates decline

what is the difference between a servicer and a sub servicer

what is float income for a mortgage servicer

can i use my borrowers ira distributions as qualifying income

do conventional mortgages allow for nonretirement savings account assets to be used as a qualifying income source

you are needing additional income from your borrowers employment to qualify and see that they have been receiving overtime for the past 15 months can you use this income to qualify

how many active fha loans can a borrower have at one time

on a refinance transaction you obtain a payoff demand what does this document show you

on an fha loan if the borrower wants to exclude a monthly debt that has less than 10 mo payments remaining what are the requirements that must be met to exclude this payment from qualifying

the subject property is part of a condominium project are there any special insurance requirements around this and what are they

in documenting your borrowers employment history what does fannie mae consider as sufficient employment history

if you are closing a loan in the name of a trust what requirements must be met

if a currently vested title holder has passed away what documentation is required to remove them from title

what are the conditions under which a mortgagor may request termination of mortgage insurance

what are the 3 primary sources of income for a servicer

what are the names of the legal documents required to secure the home as collateral

what is a primary benefit of secondary market for residential loans

what agency was created in 2010 to centralize federal financial law protections

when rental income is not being used to qualify on a conventional loan is the singlefamily rent comparable schedule form 1007 required

what is the maximum ltv requirements for attached condo units in florida

what is the maximum percentage nontaxable income can be grossed up on a conventional fha va and on a usda loan

how is a thirtyday 30 open account treated on a conventional loan

what is considered a large deposit on an fha loan

are there underwriting guidelines for borrowers that were in forbearance due a major disaster

can a borrower use foreign sources to help establish the credit including the nontraditional credit of a borrower

how are disputed credit accounts considered for manually underwritten loans

is a verification of rent or mortgage required

does fha require collections to be paid off for a borrower to be eligible for fha financing

can you name at least 4 documents collected by processing

what is the difference between the primary and secondary markets

when pricing a loan what is basis points

on a purchase transaction what is earnest money

when is a verbal voe and a written voe needed on a loan

what is the difference between a refinance and a streamline refinance

what is a credit refresh and when is it required

a borrower has an employment contract it will not start until after the loan closes can you use that future income for qualification

can a nonpermanent resident alien such as someone with a daca visa get a mortgage

if a borrower is using a cosigner to help qualify on a mortgage does the borrower have specific housing and debt ratio requirements

can a borrower use ira distribution that is about to start as income

do fannie mae and freddie mac offer a help line for questions regarding underwriting and guidelines

what are the three government sponsored entities also knows as gses

what is mortgage insurance and when is it required

what role do state regulators play in the servicing of a loan

what is the electronic funds transfer act and what does it cover

what is udaap and what does it encompass

for fannie mae homeready what type of education course needs to be taken

can a borrower use rental income on the rental property they are buying to offset the payment

for freddie mac is there a limit on what needs to be verified for deposits made by the borrower

can you use fannies collateral underwriter or freddies loan collateral advisor to determine if an appraised value is or is not acceptable

a borrower is working at a job that pays hourly he starts a new job at a very highend restaurant that more than doubles his income but the income is all from tips can that income be used

can i proceed if my borrowers paystub indicate a temporary leave of absence

how can i tell if i can use child support payments to qualify and how do i document this

what is nontraditional credit and how is it documented

what must the condominium master policy include

when can debt paid by others be excluded from debt to income ratio

what federal act created the consumer financial protection bureau

what regulatory agency is primarily responsible for oversight of mortgage servicing

what function within a servicer remits principal and interest collections to the investor

what is required of a servicer to resolve errors in the administration of the loan

are two months piti reserves always required when the loan needs pmi

can farm income that is secondary in nature be excluded from dti calculations

how can you determine if an installment debt can be excluded from dti calculations is the same true for revolving debt

do higher priced mortgage loans always require a full appraisal and escrows

what documents are required when the borrower is a nonresident borrower

what is the maximum cash out allowed on a rate and term refinance

what are capital gains and how many years of tax returns are required to calculate capital gains income

what are mortgage notes payable and how do they affect selfemployed income

when would you condition for a form 1004d

what is the maximum gross adjustment allowed on an appraisal

what is a subordination agreement and when is it required

what are the maximum number of financed properties allowed

what is needed to document and source gift funds

how long is a 1004 appraisal good for before requiring an update

if the borrower does not agree with the valuation of their property is there anything they can do about it

when is evidence of completion of homeownership or housing counseling required

if your borrower is using income from alimonychild support to qualify what do you need to document this

why do credit inquiries found on the credit report matter and why do they need explaining

what is the definition of the selfemployed borrower and what are the types of business structures

what is needed when your borrower is employed by family

what are the requirements when using an employment offer for qualifying income

what is the maximum number of units allowable for a residential property using conventional financing

is a houseboat an eligible property type for conventional or fha financing

some conventional mortgage loans require additional insurance called mortgage insurance at what loantovalue would this additional mortgage insurance mi be required

what is the industry standard for the minimum amount of documented employment history a borrower is required to have to qualify for financing

what is the time period a borrower must wait after the completion of a foreclosure before being allowed to close a new loan transaction we will assume there were no extenuating circumstances

what is the va guideline for counting student loan payments

can gift funds be used for down payment on a conventional or fha loan

how do you determine the recoupment period for va irrrl loans

can the borrower receive cash back when completing a rate and term refinance

what are the five principal business structures

how long does overtime income need to be received before it can be used in qualification

what income must be considered when reviewing a usda loan

how much ownership does a borrower have to have to warrant the need for business returns

when can the need for business tax returns be waived on an fha or or conventional loan

what is the fha guideline for counting student loan payments

what is the maximum dti ratios on government loans

when is pmi needed on a conventional loan

when can child support income be considered stable income for qualifying

what are three reasons why an fha or va loan may require a downgrade to manual underwriting

what is needed when a property has leased solar panels

when does the lead based paint disclosure need to be given to a buyer

how do mineral oil and gas rights affect financing

what are the 8 underwriting factors to determining the borrowers ability to repay

are tax returns required when the primary income is not selfemployed income on agency loans

how long does the lender have to wait to receive the intent to proceed from the borrower

can income from a borrower that start work after the close of the loan be used to qualify

what is the maximum number of borrowers allowed when using du or lpa

how are properties near a superfund site treated

what are fhas requirements for a swimming pool that isnt operable

can a room addition or a converted garage be included in gross living area

how are inquiries on the credit report treated on agency loans

what is the fee tolerance for section a b and c on the trid

what is the large deposit threshold for agency loans

what is the difference between the general qm rule and the temporary qm rule

what are fannie and freddies requirements for gift funds

at initial application how old can paystubs and bank statements be dated

what is the minimum fico score to apply for an fha conv usda or va loan

2019/12/3/video what are the fhas requirements for non citizen borrowers

how do you convert an annual salary into an hourly calculation

how much value can be used on a retirement account for qualification purposes

why does fha allow financing for an existing home in a flood zone a but not on new or proposed construction

when does fha require the hotel and transient use certification

what is the difference between total scorecard and du

how does rural development define overcrowding

what does a fraud alert on credit report mean

what are the four exceptions to having two fha loans

what identification numbers need to be verified on a manufactured home for fha

can the borrower do an fha streamline refinance on a home they have turned into an investment property

what is required when the property is located in or near a federally declared disaster area

does va require available entitlement in order to obtain a new loan

can income from employment be used for qualifying with a long break from working

on a va loan can a spouse occupy the primary home in another state

when is a job gap acceptable and what is the required documentation

when can rental income be used on a departure residence for qualifying

can there be a nonoccupant coborrower on an existing fha loan even even if the nonoccupant coborrower already has an existing fha loan

do i need to have the appraisal include rental market analysis if no

do i need to include the rental incomeloss on an investment property

when is it acceptable to ignore a clarification requirement on aus for

can a power of attorney be used for loan closing documents

what does it mean when theres a cloud on title

can a borrower really skip payments on a refinance

how do i calculate the student loan payment if not on the credit report

what is needed on agency mortgages for borrowers outstanding judgments

what is the difference between home possible and homeready loan programs

do you need to verify assets in an agency aus transaction

do outstanding collections need to be paid off for loan approval

what is used to determine qualifying income of a selfemployed borrower

when is a profit and loss statement required for a selfemployed borrower

how do you calculate a borrowers income for both hourly and salaried wages

what value would you use to determine the ltv on a purchase contract

why are so many different insurances required

how do you remove a property from a flood zone a

which parties must be checked against ldp gsa

how to calculate rental income on a 4unit owneroccupied property for fha

what do you need for a new job that begins after closing

2019/12/17/video how is the dti calculation on a va loan different from conventional or fha

2019/12/17/video what is a va joint loan

2019/12/17/video can a veteran have two va loans

2019/12/17/video can you explain fhas property flipping guidelines

what are the differences between du and lp

2019/12/17/video what are fhas property repair requirements

2019/11/8/video how would you treat high balance student loans with very low monthly payments as shown on the credit report

2019/11/19/video does fannie mae allow the use of business asset for the down payment closing costs andor financial reserves

2019/11/19/video does fannie mae require income verification for self employed co borrowers when no income is being used for qualifying purposes

2019/11/19/video when calculating rental income or loss using a lease agreement what is the percentage amount that will be absorbed by vacancy losses

2019/11/19/video does fannie mae allow the use of foreign income

2019/12/3/video what documents are required for fha new construction

2019/11/19/video are loans with undisclosed ipcs eligible for delivery to fannie mae

2019/12/3/video is a private road maintenance agreement always required

2019/12/3/video what do you look for on the hud builders cert for new construction

what must be included in the debt to income ratio computation for recurring obligations

2019/12/3/video what disclosures are required in an fha application package

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VIDEO: How many months of bank statements are required for a FNMA/DU approved loan?

VIDEO: The borrower is starting a new job until after the closing date, what are Fannie Mae's.....

VIDEO: How many months of child support income must be verified for it to be considered stable by Fannie Mae?

VIDEO: Can income from foreign sources be used to qualify a borrower?

VIDEO: Can we gross up Non-taxable income on an FHA loan?

VIDEO: Are individuals with a DACA eligible for an FHA mortgage?

VIDEO: Can a student loan payment on the credit report be used for qualifying if it appears to be fully amortizing on an FHA Mortgage?

VIDEO: What are VA guidelines on Gift Funds?

VIDEO: Do we have a process to get condo projects approved for VA loans?

VIDEO: What is the definition of domestic partner for FHA gift purposes?

VIDEO: How do we document FHA gift donor ability and receipt of funds?

VIDEO: How does FHA treat 30 day accounts?

VIDEO: When do we need a chapter 13 bankruptcy history for an FHA borrower?

VIDEO: My FHA borrower started a new job over a year ago and now receives bonus & overtime income. Can we use it to qualify even though we do not have a two year history?

VIDEO: What is Homeowners Association (HOA) Dues?

VIDEO: How is the loan to value calculated on a purchase when the appraisal comes in low?

VIDEO: When can the loan funds be disbursed/funded?

VIDEO: When can mortgage notes payable less than 1 year be added back to the self employment income calculation?

VIDEO: When can you add back salary for a self-employed borrower on the profit and loss income calculation?

VIDEO: What is required for Gift Funds being used for cash to close for a Purchase?

VIDEO: What is required for a Gift of Equity on a Purchase?

VIDEO: What is the dwelling coverage required for Homeowners Insurance?

VIDEO: What is required for a property recently sold?

VIDEO: When is the loan clear to close with final approval from Underwriting?

VIDEO: What is an earnest money deposit and/or due diligence?

VIDEO: What is required for a gap in employment?

VIDEO: What is required if the base salary is not supported by year to date or prior year(s) income?

VIDEO: What is required if self-employed income is not supported by year to date or prior year(s) income?

VIDEO: If tax returns have recently been filed but not accepted by the IRS, what can be provided in lieu of tax transcripts?

VIDEO: What is required for a W2 employee who has variable income?

VIDEO: What is required for a mortgage not showing on the credit report?

VIDEO: When is a survey required for the subject property?

VIDEO: When can rental income be used for the subject property?

VIDEO: When can rental income be used for real estate owned other than the subject property?

VIDEO: When is a Subordination Agreement required?

VIDEO: What is required for pension income?

VIDEO: When can Social Security Income or Pension Income be grossed up?

VIDEO: When can spousal support, separate maintenance, or child support income be used?

VIDEO: What date must the customer occupy the subject property for a primary residence purchase?

VIDEO: What is required for Required Minimum Distribution from a retirement asset?

VIDEO: What is required to use distribution from a Retirement Account as income?

VIDEO: What is required when using Employment-Related Assets as income?

VIDEO: What is required when a self-employed customer has a change in tax return filing type?

VIDEO: Can debts other than the 1st mortgage be paid off on a limited cash out refinance?

VIDEO: What are at least three (3) types of ancillary income for a mortgage servicer?

VIDEO: What are the benefits of quality control for a servicer?

VIDEO: What is a non-judicial foreclosure?

VIDEO: What is the Servicemembers Civil Rights Act?

VIDEO: What is an Actual/Actual remittance type?

VIDEO: What happens to the value of a servicing portfolio when interest rates decline?

VIDEO: What is the difference between a servicer and a sub servicer?

VIDEO: What is float income for a mortgage servicer?

VIDEO: Can I use my borrower's IRA distributions as qualifying income?

VIDEO: Do Conventional Mortgages allow for non-retirement savings account assets to be used as a qualifying income source?

VIDEO: You are needing additional income from your borrower's employment to qualify and see that they have been receiving overtime for the past 15 months. Can you use this income to qualify?

VIDEO: How many active FHA loans can a borrower have at one time?

VIDEO: On a refinance transaction, you obtain a payoff demand. What does this document show you?

VIDEO: On an FHA loan, if the borrower wants to exclude a monthly debt that has less than 10 mo. payments remaining, what are the requirements that must be met to exclude this payment from qualifying?

VIDEO: The subject property is part of a Condominium project. Are there any special insurance requirements around this and what are they?

VIDEO: In documenting your borrower's employment history, what does Fannie Mae consider as “sufficient employment history”?

VIDEO: If you are closing a loan in the name of a Trust, what requirements must be met?

VIDEO: If a currently vested title holder has passed away, what documentation is required to remove them from title?

VIDEO: What are the conditions under which a mortgagor may request termination of mortgage insurance?

VIDEO: What are the 3 primary sources of income for a servicer?

VIDEO: What are the names of the legal documents required to secure the home as collateral?

VIDEO: What is a primary benefit of Secondary Market for residential loans?

VIDEO: What agency was created in 2010 to centralize federal financial law & protections?

VIDEO: When rental income is not being used to qualify on a conventional loan, is the single-family rent comparable schedule (form 1007) required?

VIDEO: What is the maximum LTV requirements for attached condo units in Florida?

VIDEO: What is the maximum percentage non-taxable income can be grossed up on a Conventional, FHA, VA and on a USDA loan?

VIDEO: How is a thirty-day (30) open account treated on a Conventional loan?

VIDEO: What is considered a large deposit on an FHA loan?

VIDEO: Are there underwriting guidelines for borrowers that were in Forbearance due a major disaster?

VIDEO: Can a borrower use foreign sources to help establish the credit, including the nontraditional credit, of a borrower?

VIDEO: How are disputed credit accounts considered for manually underwritten loans?

VIDEO: Is a verification of rent or mortgage required?

VIDEO: Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?

VIDEO: What are the 5 C’s of Underwriting?

VIDEO: What are the Steps of Origination?

VIDEO: Can you name at least 4 documents collected by processing?

VIDEO: What is the difference between the Primary and Secondary Markets?

VIDEO: When pricing a loan, what is basis points?

VIDEO: On a purchase transaction, what is earnest money?

VIDEO: When is a Verbal VOE and a Written VOE needed on a loan?

VIDEO: What is the difference between a refinance and a streamline refinance?

VIDEO: What is a credit refresh, and when is it required?

VIDEO: A borrower has an employment contract. It will not start until after the loan closes. Can you use that future income for qualification?

VIDEO: Can a non-permanent resident alien, such as someone with a DACA visa, get a mortgage?

VIDEO: If a borrower is using a co-signer to help qualify on a mortgage, does the borrower have specific housing and debt ratio requirements?

VIDEO: Can a borrower use IRA distribution that is about to start as income?

VIDEO: Do Fannie Mae and Freddie Mac offer a help line for questions regarding underwriting and guidelines?

VIDEO: What are the three Government Sponsored Entities, also knows as GSE's?

VIDEO: What is mortgage insurance and when is it required?

VIDEO: What role do state regulators play in the servicing of a loan?

VIDEO: What is the electronic funds transfer act and what does it cover?

VIDEO: What is UDAAP and what does it encompass?

VIDEO: For Fannie Mae HomeReady, what type of education course needs to be taken?

VIDEO: Can a borrower use rental income on the rental property they are buying to offset the payment?

VIDEO: For Freddie Mac, is there a limit on what needs to be verified for deposits made by the borrower?

VIDEO: Can you use Fannie's Collateral Underwriter or Freddie's Loan Collateral Advisor to determine if an appraised value is or is not acceptable?

VIDEO: A borrower is working at a job that pays hourly. He starts a new job at a very high-end restaurant that more than doubles his income, but the income is all from tips. Can that income be used...

VIDEO: Can I proceed if my Borrower's paystub indicate a temporary leave of absence?

VIDEO: How can I tell if I can use child support payments to qualify and how do I document this?

VIDEO: What is non-traditional credit and how is it documented?

VIDEO: What must the condominium master policy include?

VIDEO: When can debt paid by others be excluded from debt to income ratio?

VIDEO: What federal act created the Consumer Financial Protection Bureau?

VIDEO: What regulatory agency is primarily responsible for oversight of mortgage servicing?

VIDEO: What are 3 of the key servicing tasks?

VIDEO: What function within a servicer remits principal and interest collections to the investor?

VIDEO: What is required of a servicer to resolve errors in the administration of the loan?

VIDEO: Are two months PITI reserves always required when the loan needs PMI?

VIDEO: Can farm income that is secondary in nature be excluded from DTI calculations?

VIDEO: How can you determine if an installment debt can be excluded from DTI calculations? Is the same true for revolving debt?

VIDEO: Do higher priced mortgage loans always require a full appraisal and escrows?

VIDEO: What is a quick, liquidity ratio?

VIDEO: What documents are required when the borrower is a non-resident borrower?

VIDEO: What is the maximum cash out allowed on a rate and term refinance?

VIDEO: What are capital gains and how many years of tax returns are required to calculate capital gains income?

VIDEO: What are mortgage notes payable and how do they affect self-employed income?

VIDEO: When would you condition for a Form 1004D?

VIDEO: What is the maximum gross adjustment allowed on an appraisal?

VIDEO: What is a subordination agreement and when is it required?

VIDEO: What are the maximum number of financed properties allowed?

VIDEO: What is needed to document and source gift funds?

VIDEO: How long is a 1004 appraisal good for before requiring an update?

VIDEO: If the borrower does not agree with the valuation of their property, is there anything they can do about it?

VIDEO: When is evidence of completion of Homeownership or Housing Counseling required?

VIDEO: If your borrower is using income from alimony/child support to qualify, what do you need to document this?

VIDEO: Why do credit inquiries found on the credit report matter and why do they need explaining?

VIDEO: What is the definition of the self-employed borrower and what are the types of business structures?

VIDEO: What is needed when your borrower is employed by family?

VIDEO: What are the requirements when using an employment offer for qualifying income?

VIDEO: What is the maximum number of units allowable for a residential property using conventional financing?

VIDEO: Is a houseboat an eligible property type for Conventional or FHA financing?

VIDEO: Some conventional mortgage loans require additional insurance, called Mortgage Insurance. At what Loan-to-Value would this additional Mortgage Insurance (MI) be required?

VIDEO: What is the industry standard for the minimum amount of documented employment history a borrower is required to have to qualify for financing?

VIDEO: What is the time period a borrower must wait after the completion of a foreclosure before being allowed to close a new loan transaction? We will assume there were no extenuating circumstances.

VIDEO: What is the VA guideline for counting student loan payments?

VIDEO: Can gift funds be used for down payment on a Conventional or FHA loan?

VIDEO: How do you determine the recoupment period for VA IRRRL loans?

VIDEO: Can the borrower receive cash back when completing a Rate and Term Refinance?

VIDEO: What are the five principal business structures?

VIDEO: How long does overtime income need to be received before it can be used in qualification?

VIDEO: What income must be considered when reviewing a USDA loan?

VIDEO: How much ownership does a borrower have to have to warrant the need for business returns?

VIDEO: When can the need for business tax returns be waived on an FHA or or Conventional loan?

VIDEO: What is the FHA guideline for counting student loan payments?

VIDEO: What is the maximum DTI ratios on government loans?

VIDEO: When is PMI needed on a Conventional loan?

VIDEO: When can child support income be considered stable income for qualifying?

VIDEO: What are three reasons why an FHA or VA loan may require a downgrade to manual underwriting?

VIDEO: What is needed when a property has leased Solar Panels?

VIDEO: What is a cross-collateralized mortgage?

VIDEO: When does the Lead Based Paint Disclosure need to be given to a buyer?

VIDEO: How do Mineral, Oil, and Gas rights affect financing?

VIDEO: What are the 8 underwriting factors to determining the borrower's Ability to Repay?

VIDEO: Are tax returns required when the primary income is not self-employed income on agency loans?

VIDEO: How long does the lender have to wait to receive the intent to proceed from the borrower?

VIDEO: Can income from a borrower that start work after the close of the loan be used to qualify?

VIDEO: What is the maximum number of borrowers allowed when using DU or LPA?

VIDEO: How are properties near a SuperFund Site treated?

VIDEO: What are FHA's requirements for a swimming pool that isn't operable?

VIDEO: What are FHA's rules on "Meth" houses?

VIDEO: Can a room addition or a converted garage be included in gross living area?

VIDEO: How are inquiries on the credit report treated on agency loans?

VIDEO: What is the fee tolerance for Section A, B and C on the TRID?

VIDEO: What is the large deposit threshold for agency loans?

VIDEO: What is the difference between the General QM Rule and the Temporary QM Rule?

VIDEO: What are Fannie and Freddie's requirements for gift funds?

VIDEO: At initial application, how old can paystubs and bank statements be dated?

VIDEO: What is the minimum FICO score to apply for an FHA, Conv, USDA or VA loan?

VIDEO: What are the FHA's requirements for non-citizen borrowers?

VIDEO: How do you convert an annual salary into an hourly calculation?

VIDEO: How much value can be used on a retirement account for qualification purposes?

VIDEO: What are the three C's of underwriting?

VIDEO: How do you prorate property taxes?

VIDEO: What is Rural Development's "GUS" system?

VIDEO: Why does FHA allow financing for an existing home in a Flood Zone A but not on new or proposed construction?

VIDEO: How is "Legal Capacity" determined?

VIDEO: When does FHA require the Hotel and Transient Use Certification?

VIDEO: What is the difference between Total Scorecard and DU?

VIDEO: How does Rural Development define "Overcrowding"?

VIDEO: What does a "fraud alert" on credit report mean?

VIDEO: What are the four exceptions of having two FHA loans?

VIDEO: What identification numbers need to be verified on a manufactured home for FHA?

VIDEO: Can the borrower do an FHA streamline refinance on a home they have turned into an investment property?

VIDEO: What is required when the property is located in or near a federally declared disaster area?

VIDEO: Does VA require available entitlement in order to obtain a new loan?

VIDEO: Can income from employment be used for qualifying with a long break from working?

VIDEO: On a VA loan, can a spouse occupy the primary home in another state?

VIDEO: When is a job gap acceptable and what is the required documentation?

VIDEO: When can rental income be used on a departure residence for qualifying?

VIDEO: Can there be a non-occupant co-borrower on an existing FHA loan, even even if the non-occupant co-borrower already has an existing FHA loan?

VIDEO: Do I need to have the appraisal include rental market analysis, if no.....

VIDEO: Do I need to include the rental income/loss on an investment property.....

VIDEO: When is it acceptable to ignore a clarification requirement on AUS for.....

VIDEO: Can a Power of Attorney be used for loan closing documents?

VIDEO: What does "Fee Simple" title mean?

VIDEO: How do Homestead Exemptions work?

VIDEO: What does it mean when there's a "cloud" on title?

VIDEO: Can a borrower really "skip" payments on a refinance?

VIDEO: Can you use MCC credits as income?

VIDEO: How do I calculate the student loan payment if not on the credit report?

VIDEO: What is needed on Agency Mortgages for borrower's outstanding judgments?

VIDEO: What is the difference between Home Possible and HomeReady loan programs?

VIDEO: Do you need to verify assets in an Agency AUS transaction?

VIDEO: Do outstanding collections need to be paid off for loan approval?

VIDEO: What is used to determine qualifying income of a self-employed borrower?

VIDEO: When is a Profit and Loss Statement required for a self-employed borrower?

VIDEO: How do you calculate a borrowers income for both hourly and salaried wages?

VIDEO: What value would you use to determine the LTV on a purchase contract?

VIDEO: Why are so many different insurances required?

VIDEO: How do you remove a property from a flood zone A?

VIDEO: Which parties must be checked against LDP & GSA?

VIDEO: How to calculate rental income on a 4-unit owner-occupied property for FHA?

VIDEO: What do you need for a new job that begins after closing?

VIDEO: How is the DTI calculation on a VA loan different from conventional or FHA?

VIDEO: Can you explain FHA's property flipping guidelines?

VIDEO: What are the differences between DU and LP?

VIDEO: What are FHA's property repair requirements?

VIDEO: How would you treat high balance student loans with very low monthly payments as shown on the credit report?

VIDEO: Does Fannie Mae allow the use of business asset for the down payment, closing costs and/or financial reserves?

VIDEO: Does Fannie Mae require income verification for self-employed co-borrowers, when no income is being used for qualifying purposes?

VIDEO: When calculating rental income or loss using a lease agreement, what is the percentage amount that will be absorbed by vacancy losses?

VIDEO: Does Fannie Mae allow the use of foreign income?

VIDEO: What documents are required for FHA new construction?

VIDEO: Are loans with undisclosed IPC's eligible for delivery to Fannie Mae?

VIDEO: Is a private road maintenance agreement always required?

VIDEO: What do you look for on the HUD Builder's Cert for new construction?

VIDEO: What must be included in the Debt to Income ratio computation for recurring obligations?

VIDEO: What disclosures are required in an FHA application package?

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NAMU® Customer Reviews & Testimonials

Jun 10, 2019

NAMU® Customer Review: Bob, Connecticut, Certified Master Mortgage Underwriter (NAMU®-CMMU)

Jun 10, 2019

Jun 19, 2019

NAMU® CUSTOMER REVIEW: Tamisha, Underwriter Bootcamp

Jun 19, 2019

Sep 3, 2019

NAMU® CUSTOMER REVIEW: Melody, Underwriter Bootcamp

Sep 3, 2019

Nov 15, 2019

NAMU® CUSTOMER REVIEW: Kelvie, Certified in Mortgage Regulatory Compliance (NAMU®-CMRC)

Nov 15, 2019

Jul 18, 2019

NAMU® CUSTOMER REVIEW: Felix, Underwriter Bootcamp

Jul 18, 2019

Sep 5, 2019

NAMU® CUSTOMER REVIEW: SUSAN, FLORIDA, NON-QM TRAINING

Sep 5, 2019

May 25, 2023

NAMU® CUSTOMER REVIEW: Twanna, Certified Master Mortgage Underwriter (CMMU)

May 25, 2023

May 9, 2024

NAMU® Customer Review: Jessica, Vancouver, Washington, Certified Master Mortgage Underwriter (NAMU®-CMMU)

May 9, 2024

NAMU® Customer Review: Faith, Certified Mortgage Underwriter (NAMU®-CMU)

May 9, 2024

Jul 5, 2024

NAMP® CUSTOMER REVIEW: Michelle, California - The Official NAMU® Underwriter Bootcamp

Jul 5, 2024

Nov 12, 2024

NAMU® CUSTOMER REVIEW: Michelle, Pennsylvania - Certified Master Mortgage Underwriter (NAMU®-CMMU)®

Nov 12, 2024

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Free Mortgage Training Videos

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IRS Form 4506-T - Part 3

This free mortgage training video discusses how to obtain tax documents, validating Tax Transcripts, retaining the Tax Transcripts and more. Ideal for loan processors and mortgage underwriters.

IRS Form 4506-T - Part 2

This free mortgage training video discusses individual steps on completing the 4506-T form prior to submitting to IRS and more. Ideal for loan processors and mortgage underwriters.

IRS Form 4506-T - Part 1

This free mortgage training video discusses the request for Tax Transcript of Tax Return (IRS Form 4506-T), requirements to obtain tax transcripts, guidelines on completing the 4506-T and more. Ideal for loan processors and mortgage underwriters.

FHLMC Commission Income Updates - Part 3

This free mortgage training video discusses change in the tax law, allowable deductions prior to 2018 tax year, 2017 and 2018 Schedule-A format changes, FHLMC change to commission income, FHLMC results to the tax law change and more. Ideal for loan processors and mortgage underwriters.

FHLMC Commission Income Updates - Part 2

This free mortgage training video discusses unreimbursed employee expenses versus business expenses, FHLMC commission income requirements prior to 2018 tax year and more. Ideal for loan processors and mortgage underwriters.

FHLMC Commission Income Updates - Part 1

This free mortgage training video discusses what is commission income, unreimbursed employee expenses, who can deduct unreimbursed employee expenses, allowable unreimbursed employee expenses and more. Ideal for loan processors and mortgage underwriters.

Review of the Closing Disclosure - Part 3

This free mortgage training video discusses frequently asked questions that were submitted by various lenders on the closing disclosure & 3 day rule and more. Ideal for loan processors and underwriters.

Review of the Closing Disclosure - Part 2

This free mortgage training video discusses rule responsibilities, new 3 day review, loan types that apply & does not apply to the 3 day rule and more. Ideal for loan processors and underwriters.

Review of the Closing Disclosure - Part 1

This free mortgage training video discusses definition of closing disclosure, closing disclosure requirements, what's inside the closing disclosure form and more. Ideal for loan processors and underwriters.

Title Report 101 - Part 3

This free mortgage training video discusses Title Commitment, Title ABC's, Examples of Schedule A & B, Example of Title Policy and more. Ideal for loan processors and underwriters.

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