DU & LPA Workshop - "Everything from A to Z"
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COURSE DESCRIPTION: This instructor-led online recorded webinar entitled DU & LPA - "Everything from A to Z" will provide students with an in-depth understanding of how the automated underwriting systems serve lenders in the mortgage origination process. DU & LPA findings, including feedback messages, are explained in detail. Gain a greater understanding of the differences between the two AUS engines and when it is appropriate to use each one.
COURSE OUTLINE:
- What is an AUS
- Factors Considered
- The Process
- Reps and Warrants
- Ordering the Credit Report
- Data Integrity
- Documentation Requirements
- Red Flags
- TOTAL Scorecard
- Lender’s Responsibility
- FNMA Desktop Underwriter
- DU Recommendations
- DU Tolerances
- Case Study DU Findings
- FHLMC Loan Product Adviser
- LPA Recommendations
- LPA Tolerances
- Case Study LPA Findings
- Underwriting without Traditional Credit
- DU and LPA Validation Services
- Uniform Collateral Data Portal
- Collateral Underwriter and ACE
- Resources
- Multiple Practice Quizzes
- Download Course Catalog >>
COURSE FORMAT:
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- Course Provider: CampusMortgage® (Our Training Division)
- All Course Materials are Downloaded as PDF Files
- Source Links Included -- Get Further Clarity & Updates
- Certificate of Completion Downloaded as a PDF File
- Job Search Resources (Upon Request)
- Download Course Catalog >>
WHO SHOULD ATTEND: Aspiring mortgage processors & underwriters wishing to learn how to the learn DU/LP process, from A to Z. Whether you're unemployed and looking to enter the mortgage processing profession, or you're currently working at a bank or lender as a loan processor, this DU/LPA training program will provide the skills you need to succeed as an effective mortgage professional.
HOW IT WORKS: As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.
ABOUT THE INSTRUCTOR: Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.
GRADUATION: Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.
SYSTEM REQUIREMENTS: You will need the following: 1) a Computer/Tablet, 2) Internet and 3) Computer Speakers.
REFUND POLICY & TERMS OF USE: Before purchasing any CampusMortgage® training class from NAMU®, we recommend you thoroughly read our Refund Policy & Terms of Use — which you will be required to have fully read & accepted prior to beginning the training class.
Need Help? Call us today at 1-800-865-8550 Press 1 for Sales