FREE Mortgage Training - "Ask the Instructor" Videos — National Association of Mortgage Processors (NAMP)®

the application shows your borrower is living at the property being purchased the sales contract has no mention of relationship or occupancy is this an inducement to purchase or a sales

your sales contract has personal property included in the sales price is this an inducement to purchase or sales concession

for a loan on an investment property do you need a copy of the lease agreement

your transaction is a first time home buyer purchasing a 24 unit property can you use rental income to qualify for the new loan

you are reviewing an fha loan and the borrowers pay statement shows paid hourly but hours per week are different every week what amount can you use as qualifying income

when can you add back salary for a selfemployed borrower on the tax return income calculation

what documentation is required to evidence a property is owned free and clear

how do you evidence a selfemployed business is open and operational

do you need to count expenses for a property owned by an llc or corporation

when can expenses for a property vested in the customers name be excluded from the debttoincome ratio

i have a borrower purchasing a four unit property with fha financing does fha have any special requirement for this property type

when reviewing an fha loan with an aus approval if my borrower is selfemployed do i need to to obtain a profit and loss statement

when reviewing an fha loan the selfemployment income has declined over 20 from the current tax year to the prior year can i average the income

when reviewing an fha loan the source of the borrowers down payment is cash saved at home how does fha require cash be verified

when reviewing an fha loan the source of down payment is a loan from a retirement account do i need to consider the payment in the debt ratio

on an fha loan if the seller has been on title for less than 90 days prior to the sale contract execution date what will fha require

on an fha loan the subject property has a store front in addition to the residential portion of the home does fha allow mixed use properties

for an fha loan the seller is related to the borrower and is gifting the down payment are there any restriction for this nonarms length transaction

i have an fha loan with an employer completed verification of employment that verified two years on the current job is this acceptable

i have an fha loan the employer has the same name as my borrower if the borrower is employed by by a family member what do i need to consider

on a conforming loan the borrowers voe shows on leave and no earnings received this year can i use the income to qualify

on a conforming loan the borrower has a contract for employment that will not begin until after loan closing can i count the income

on a conforming loan the borrower is using gift funds for the funds to close is the ltv limited when the borrower does not have own funds

you are reviewing an fha purchase and determine the borrower has an fha loan on credit is this acceptable to have more than 1 fha loan

you are reviewing an fha purchase and the borrower does not intend to occupy the subject property as a primary residence

i have an fha loan and my case number shows there is a prior credit reject what is required and is my borrower eligible for fha financing

i have a loan that my aus findings are not requiring an appraisal with a piw property inspection waiver do i ever need to require an appraisal

when reviewing a softpull credit report or credit monitoring new derogatory credit is reported what is required

on an fha loan you have required a credit alert or caivrs there is a default d or claim c instead of an approve a what do you need to do

you have an fha loan and the borrowers credit has disputed accounts the amount in dispute is is over 1000 can you proceed

you have an fha purchase the current residence is not an fha insured loan can i use the rental income from the departing residence

can i use income from a boarder that lives with the borrower and pays rent at the subject property

what documentation do i need for a borrower that earns commission income

how many years does my borrower have to wait after a bankruptcy to be eligible for an fha loan

how many years does my borrower have to wait after a foreclosure to be eligible for an fha loan

you review the title report for a refinance and there is a lien for a line of credit and a ucc filing lien for solar in addition to your 1st mortgage what do you need to proceed

upon review of bank statements for funds to close andor reserves the bank statements have large nonpayroll deposits when do you need to source the funds

you have a purchase loan and the sales contract has a requirement for repairs to be completed by the seller prior to closing what do you need to document the repairs

you have a purchase and the sales contract has earnest money do you need to source the funds came from the borrower

how much income can i use from a borrowers part time job or second job to qualify is there a minimum time required worked on the second job

what is required if the property has solar panels

what is required if the customer is selling their current home prior to closing

what is required when providing assets from an online banking account

what is required for social security income

what is required for income from foster care services

on an fha loan is a fiance considered an acceptable donor of gift funds

what is the primary focus of a mortgage servicer

what function within a mortgage servicer is responsible for remitting cash collected and reporting to its lenders

what regulation primarily governs rules for collecting and managing escrow accounts

if the borrower has no credit can they still obtain fha financing

a prior property was va financed but sold on assumption i obtained with my prior va loan on an

my appraisal in webgly states tidewater process has been enacted what does this mean

i have a certificate of eligibility but its for a surviving spouse of a deceased veteran is this accurate

what is the maximum loan limit for a va loan

what is considered a large deposit on a conventional loan

what is the seasoning requirement on a cash out refinance on a conventional loan

what is the property flipping rule on fha loans

on conventional loans do unpaid collection accounts or nonmortgage chargeoffs need to be paid off in full

what is the maximum interested party contribution on conventional loans

must the borrower pay off a judgment against a nonpurchasing spouse in a community property state

can we as a lender obtain a certificate of eligibility for the veteran on a va loan

on a va loan what is acceptable proof of military service

can a borrower have more than one va loan

there is a prior loss listed on the certificate of eligibility due to a foreclosure or deed in lieu of foreclosure will the veteran have any entitlement left

what is reg x and briefly describe the intent of the regulation

what is reg z and briefly describe the intent of the regulation

for what does fdcpa stand and what is its primary goal

name at least 3 items required on a period billing statement to a mortgagor

what are the two types of 1099 forms sent annually by a servicer

is a condo project approval required on site condominiums for fha

how many months reserves are required on a conventional investment property

how many months reserves are required on a onetwo unit and on a threefour unit property with fha

how does va calculate deferred student loans

what is the required waiting period when the borrower shows a bankruptcy on credit report

your borrower is employed by family members in addition to standard pay stub w2 documentation what other income documents are required for conventional financing

if your borrower is selfemployed and claims to have their auto loan paid through their business what steps do you take to remove that debt from the qualifying ratios

your borrower is employed by the united states military how would you calculate this borrowers income

if your borrower is paying off a 2nd mortgage along with their 1st mortgage what is the requirement for the loan to be considered a limited or no cashout refinance

how do i know what the underwriting turn times are

what is the difference between ltv and cltv

what documents are needed to submit a file to underwriting

what is the minimum required to get a file with a condition approval

when is an appraisal requested on a loan

what if the borrower has an outstanding irs debt

what is needed if the borrower wants to buy out the interest of another as a result of a divorce

how many days is an appraisal good for and what can be done once its expired

when do documents such as credit income and assets expire

what is a nonarms length transaction and what requirements must be met

what are at least 2 available alternatives for customers in order to avoid foreclosure

what does a servicer do when the loan is paid off

under the cfpb periodic statement rule what information must mortgage servicers include in the periodic statement

when a gift is being used for the down payment what is the minimum contribution that the borrower has to have in his or her own funds for purchasing a primary residence on agency loans

what is the maximum ltv allowed for fannie mae when doing a limited review condo project second home in florida

how many months bank statements do you need for an agency loan when funds are needed for closing

do you need 1 or 2 years of tax returns for self employed borrowers on an agency loan

do you have to verify the earnest money deposit emd if the borrower has more than enough to cover both the earnest money and the funds required to close

how do you calculate a student loan payment that is missing from the borrowers credit report

what does ipc stand for and what are the limits on those

what constitutes a large deposit and how is it sourced

what are the minimum photos required on an appraisal

a borrower was laid off from their job and subsequently filed for

what documentation is required when the seller in a purchase transaction is a business entity

what kind of review does a new attached condo project require per fannie mae

what individuals are considered acceptable donors of gift funds

what is considered acceptable to verify proof of earnest money deposit

are vacation homes allowed as secondary residences per fha guidelines

what are the reserve requirements for a manually underwritten investment property on a conventional loan

what is the maximum loan amount for a 1 unit property using conventional conforming financing

can a borrower do a loan on a manufactured home as an investment property

does a planned unit development pud require a full project review

what specific requirements does fha have regarding the use of a non occupying coborrower for qualifying

if your borrower has disclosed majority ownership interest in a partnership what will you be requesting from them to submit to underwriting for a full review

fha is specific about who can and cannot provide gifts to borrowers for their down payment who are the eligible donors for gift funds on an fha loan

if there is a student loan reported on the credit report and there is no corresponding payment listed per fha guidelines what payment should the lender use to qualify the borrower

if there is a student loan reported on the credit report and it shows to be in deferment per conventional guidelines how should the lender qualify the borrower

if the credit report shows a tradeline with an outstanding balance but shows no minimum payment can the creditor assume no payment is owed

how can you determine if an installment debt can be excluded from dti calculations

what are the requirements to include overtime income in dti calculations

how do you document assets that come from proceeds from the sale of personal assets such as a vehicle

what qualifications must be met in order to use rental income as qualifying income

what is the requirement to exclude an installment debt payment from qualifying ratios on conventional fha mortgage loans

paystubs must be dated no earlier than how many days prior to the initial loan application

true or false tax returns are not required to be signed by the borrower

what are funds called that are provided by a relative or domestic partner that are used for closing costs and not required or expected to be repaid

true or false gift funds are not allowed on an investment property transaction

what is a real estate assignment contract

your borrower owns a small sandwich shop as a sole proprietor what type of tax return schedule would you be looking for to verify income

on a purchase transaction your borrowers qualifying income is 5000 a month in review of the bank statements you see a nondirect deposit for 2400 does this deposit require

your borrower earns over 25 of their wages in commissions income what income documents are required to support these earnings

a borrower is qualifying for a loan using an automobile allowance the lender wants to use this to justify deleting the auto expense from the credit report is this allowed

what is the difference between discount points and origination fees

what is the difference between nonrecurring and prepaid costs

who is considered to be a first time homebuyer

my subject property is a condo the departure residence is in the same building do i have to include hoa special assessments on both

does fnma offer 97 loan to value financing for homebuyers

does fha offer financing on condo properties

what new construction documents will be required on an fha property at 965 ltv appraised as proposed construction

what documents will be required on an fha property at 965 ltv appraised as new construction

what is the waiting period for borrowers who have had a foreclosure

what do you do different when underwriting a government loan located in a community property state

on a va loan can a veteran be back to work less than one year and still qualify

on a conforming loan can i use overtime bonus or commission income in qualifying

does a borrower need flood insurance on an additional structure for subject property

may the fha appraisal be dated before the case number assignment or application

there are large deposits on a fnma rateterm refinance do i have to source

what are the different loan programs for completing an fha loans

per trid guidelines when does the initial le need to be dated

what should an underwriter do when they are approving an fha mcr loan

should a processor question different addresses on the borrowers documentation

when calculating income should the ytd exceed the base income

what happens when there are no comparable sales available

how is alimony treated when calculating debt to income ratios on agency loans

can you have a loan that meets the ability to repay ati and not the qualified mortgage qm requirements

what are the allowed seller contributions for agency loans

can a lender charge change or add fees on a loan estimate before receiving the borrowers intent to proceed

what is the comparable sales requirement for a new or recently converted condo subdivision or pud

what documentation do you need when a borrowers commission income is greater than or equal to 25

a vod is provided to verify funds to close but the last 2 months average balance is 20000 less than the required funds what should be done

if you receive a refer with caution from du or caution from lplpa due to credit what are compensating factors for the derogatory credit

what is included in schedule a of a title commitment

how long must a borrower wait after a chapter 7 bankruptcy before the borrower can get approved for an agency loan

for an agency loan can you close the loan in a trust

with a nonoccupant coborrower what is the maximum ltv and occupants minimum contribution for an agency aus loan

what is required to verify that a third party is responsible for a borrowers debt that is being excluded from the dti calculation

is a garnishment of wages included in the debt ratio or is it a deduction from income

can va financing ever be used on a property with more than 4 units

when does a va certificate of eligibility expire

what counts when determining the number of properties owned by someone applying for conventional investment property financing

who determines the maximum conforming loan limit amounts

a borrower recently changed jobs from a 100 commission to a salary plus 20 commission can you use the 20 commission for income qualification

can an unlicensed trainee appraiser complete the appraisal of a property

what is the piti reserve requirement for an agency loan when the subject property is an investment property

a recent college graduate has an offer letter in their major and first paystub supporting the offer letter income can you use that income to qualify

can a borrower have more than one open fha loan at a time

what happens when someone is convicted of mortgage fraud

how is guaranty and the funding fee calculated on va joint loans to

will va allow a manufactured home to be used as an accessory unit

when can revolving lease or installment debt be excluded from the debt

if there is an outstanding credit card debt on the borrowers credit

when can you use child support income and what documentation do you need

can the stability and likelihood of continuance of income be implied

there is a 15000 deposit on a recent bank statement not being used

what is the difference between a manufactured and modular home

how does remaining economic life affect a loan

what triggers an fha downgrade to manual underwriting

would you explain the three approaches to market value

what debts are not discharged in a chapter 7 bankruptcy

what are private savings clubs and susus

2020/1/21/qs3vejs22ddcpwcnndpiqaue1dbzd6

what do you do if someone has a credit freeze

how does fha look at someone employed by a familyowned business

what to do if borrower with credit reports not showing judgement and liens

how do you document the sale of personal property for funds to close

community property state nonborrower spouse requirements

what are examples of acceptable types of nontraditional credit

on a va irrrl who can be on a new loan note

can a borrower take his wvoe to the employer for us

what disclosures are required with a va application package

2019/12/10/video what is the difference between household and qualifying income on an rd loan

2019/12/10/video does rural development have an acreage restriction

2019/12/10/video what kind of subordinate financing is allowed on the fha mortgages

2019/11/26/video what is the minimum flood insurance coverage fnma requires

2019/11/26/video can we offer conventional financing on earth homes

2019/11/26/video is a two storey home an acceptable comparable sale for a tri level home partially below grade

2019/11/26/video does fannie mae allow non arms lenght transactions

2019/12/10/video what kind of issues are reported to caivrs

2019/11/26/video is a property with a rented accessory unit over the garage and a basement in law suite acceptable

2019/12/10/video what causes exclusions on the lpd and gsa lists

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VIDEO: The application shows your borrower is living at the property being purchased. The sales contract has no mention of relationship or occupancy. Is this an inducement to purchase or a sales.....

VIDEO: Your sales contract has personal property included in the sales price. Is this an inducement to purchase or sales concession?

VIDEO: For a loan on an investment property do you need a copy of the lease agreement?

VIDEO: Your transaction is a first time home buyer purchasing a 2-4 unit property. Can you use rental income to qualify for the new loan?

VIDEO: You are reviewing an FHA loan and the borrower's pay statement shows paid hourly but hours per week are different every week. What amount can you use as qualifying income?

VIDEO: When can you add back salary for a self-employed borrower on the tax return income calculation?

VIDEO: What documentation is required to evidence a property is owned free and clear?

VIDEO: How do you evidence a self-employed business is open and operational?

VIDEO: Do you need to count expenses for a property owned by an LLC or Corporation?

VIDEO: When can expenses for a property vested in the customers name be excluded from the Debt-to-Income ratio?

VIDEO: I have a borrower purchasing a Four Unit property with FHA financing. Does FHA have any special requirement for this property type?

VIDEO: When reviewing an FHA loan with an AUS approval, if my borrower is self-employed do I need to to obtain a profit and loss statement?

VIDEO: When reviewing an FHA loan, the self-employment income has declined over 20% from the current tax year to the prior year. Can I average the income?

VIDEO: When reviewing an FHA loan, the source of the borrower's down payment is cash saved at home. How does FHA require cash be verified?

VIDEO: When reviewing an FHA loan, the source of down payment is a loan from a retirement account. Do I need to consider the payment in the debt ratio?

VIDEO: On an FHA loan, if the seller has been on title for less than 90 days prior to the sales contract execution date what will FHA require?

VIDEO: On an FHA loan, the subject property has a store front in addition to the residential portion of the home. Does FHA allow Mixed Use Properties?

VIDEO: For an FHA loan the seller is related to the borrower and is gifting the down payment. Are there any restriction for this non-arms length transaction?

VIDEO: I have an FHA loan with an employer completed verification of employment that verified two years on the current job. Is this acceptable?

VIDEO: I have an FHA loan. The employer has the same name as my borrower. If the borrower is employed by by a family member, what do I need to consider?

VIDEO: On a conforming loan, the borrower's VOE shows 'on leave' and no earnings received this year. Can I use the income to qualify?

VIDEO: On a conforming loan, the borrower has a contract for employment that will not begin until after loan closing. Can I count the income?

VIDEO: On a conforming loan, the borrower is using Gift Funds for the funds to close. Is the LTV limited when the borrower does not have own funds?

VIDEO: You are reviewing an FHA purchase and determine the borrower has an FHA loan on credit. Is this acceptable to have more than 1 FHA loan?

VIDEO: You are reviewing an FHA purchase and the borrower does not intend to occupy the subject property as a primary residence. Is this acceptable?

VIDEO: I have an FHA loan and my case number shows there is a prior credit reject. What is required and is my borrower eligible for FHA financing?

VIDEO: I have a loan that my AUS findings are not requiring an appraisal. With a PIW (property inspection waiver) do I ever need to require an appraisal?

VIDEO: When reviewing a softpull credit report or credit monitoring new derogatory credit is reported. What is required?

VIDEO: On an FHA loan you have required a credit alert or CAIVRS. There is a Default "D" or Claim "C" instead of an Approve “A”. What do you need to do?

VIDEO: You have an FHA loan and the borrower's credit has disputed accounts. The amount in dispute is is over $ 1,000. Can you proceed?

VIDEO: You have an FHA purchase. The current residence is not an FHA insured loan. Can I use the rental income from the departing residence?

VIDEO: Can I use income from a boarder that lives with the borrower and pays rent at the subject property?

VIDEO: What documentation do I need for a borrower that earns commission income?

VIDEO: How many years does my borrower have to wait after a bankruptcy to be eligible for an FHA loan?

VIDEO: How many years does my borrower have to wait after a foreclosure to be eligible for an FHA loan?

VIDEO: You review the title report for a refinance and there is a lien for a line of credit and a UCC filing lien for Solar in addition to your 1st mortgage. What do you need to proceed?

VIDEO: Upon review of bank statements for funds to close and/or reserves, the bank statements have large non-payroll deposits. When do you need to source the funds?

VIDEO: You have a purchase loan and the sales contract has a requirement for repairs to be completed by the seller prior to closing. What do you need to document the repairs?

VIDEO: You have a purchase and the sales contract has earnest money. Do you need to source the funds came from the borrower?

VIDEO: How much income can I use from a borrower's part time job or second job to qualify? Is there a minimum time required worked on the second job?

VIDEO: What is required if the property has Solar Panels?

VIDEO: What is required if the customer is selling their current home prior to closing?

VIDEO: What is required when providing Assets from an online banking account?

VIDEO: What is required for Social Security income?

VIDEO: What is required for income from foster care services?

VIDEO: On an FHA loan, is a fiancée considered an acceptable donor of gift funds?

VIDEO: What is the primary focus of a mortgage servicer?

VIDEO: What function within a mortgage servicer is responsible for remitting cash collected and reporting to its lender(s)?

VIDEO: What regulation primarily governs rules for collecting and managing escrow accounts?

VIDEO: If the borrower has no credit, can they still obtain FHA financing?

VIDEO: A prior property was VA financed, but sold on assumption. I obtained with my prior VA loan on an assumption. Will the borrower have eligibility restored?

VIDEO: My appraisal in WEBLGY states Tidewater process has been enacted, what does this mean?

VIDEO: I have a certificate of eligibility, but it's for a surviving spouse of a deceased veteran, is this accurate?

VIDEO: What is the maximum loan limit for a VA loan?

VIDEO: What is considered a large deposit on a Conventional loan?

VIDEO: What is the seasoning requirement on a cash out refinance on a Conventional loan?

VIDEO: What is the property flipping rule on FHA loans?

VIDEO: On Conventional loans, do unpaid collection accounts or non-mortgage charge-offs need to be paid off in full?

VIDEO: What is the maximum interested party contribution on Conventional loans?

VIDEO: Must the borrower pay off a judgment against a non-purchasing spouse in a community property state?

VIDEO: Can we, as a lender, obtain a Certificate of Eligibility for the veteran on a VA Loan?

VIDEO: On a VA loan, what is acceptable proof of military service?

VIDEO: Can a borrower have more than one VA loan?

VIDEO: There is a prior loss listed on the certificate of eligibility due to a foreclosure or deed in lieu of foreclosure. Will the veteran have any entitlement left?

VIDEO: What is Reg X and briefly describe the intent of the Regulation?

VIDEO: What is Reg Z and briefly describe the intent of the Regulation?

VIDEO: For what does FDCPA stand and what is its primary goal?

VIDEO: Name at least 3 items required on a Period Billing Statement to a mortgagor?

VIDEO: What are the two types of 1099 forms sent annually by a servicer?

VIDEO: Is a condo project approval required on site condominiums for FHA?

VIDEO: How many months reserves are required on a conventional investment property?

VIDEO: How many months reserves are required on a one-two unit and on a three-four unit property with FHA?

VIDEO: What is residual income on a VA loan?

VIDEO: How does VA calculate deferred student loans?

VIDEO: What is the required waiting period when the borrower shows a bankruptcy...

VIDEO: Your borrower is employed by family members. In addition to standard pay...

VIDEO: If your borrower is self-employed and claims to have their auto loan paid through their business, what steps.....

VIDEO: Your borrower is employed by the United States Military. How would you....

VIDEO: If your borrower is paying off a 2nd mortgage along with their 1st mortgage, what is the requirement.....

VIDEO: How do I know what the underwriting turn times are?

VIDEO: What is the difference between LTV and CLTV?

VIDEO: What documents are needed to submit a file to underwriting?

VIDEO: What is the minimum required to get a file with a condition approval?

VIDEO: What are underwriting conditions?

VIDEO: When is an appraisal requested on a loan?

VIDEO: What if the borrower has an outstanding IRS debt?

VIDEO: What is needed if the borrower wants to buy out the interest of another as a result of a divorce?

VIDEO: How many days is an appraisal good for and what can be done once it's expired?

VIDEO: When do documents such as credit, income and assets expire?

VIDEO: What is a non-arms length transaction and what requirements must be met?

VIDEO: What are at least 2 available alternatives for customers in order to avoid foreclosure?

VIDEO: What does a servicer do when the loan is paid off?

VIDEO: Under the CFPB's "Periodic Statement Rule", what information must mortgage servicers include in the periodic statement?

VIDEO: When a gift is being used for the down payment, what is the minimum contribution that the borrower has to have in his or her own funds for purchasing a primary residence on Agency loans?

VIDEO: What is the maximum LTV allowed for Fannie Mae when doing a limited review condo project second home in Florida?

VIDEO: How many months bank statements do you need for an Agency loan when funds are needed for closing?

VIDEO: Do you need 1 or 2 years of tax returns for self employed borrowers on an Agency loan?

VIDEO: Do you have to verify the Earnest Money Deposit (EMD) if the borrower has more than enough to cover both the Earnest Money and the funds required to close?

VIDEO: How do you calculate a student loan payment that is missing from the borrower's credit report?

VIDEO: What does IPC stand for and what are the limits on those?

VIDEO: What constitutes a large deposit and how is it sourced?

VIDEO: What are the minimum photos required on an appraisal?

VIDEO: A borrower was laid off from their job and subsequently filed for.....

VIDEO: What documentation is required when the seller in a purchase transaction is a business entity?

VIDEO: What kind of review does a new attached condo project require, per Fannie Mae?

VIDEO: What individuals are considered acceptable donors of gift funds?

VIDEO: What is considered acceptable to verify proof of earnest money deposit?

VIDEO: Are vacation homes allowed as secondary residences per FHA Guidelines?

VIDEO: What are the reserve requirements for a manually underwritten investment property on a conventional loan?

VIDEO: What is the maximum loan amount for a 1 unit property using conventional conforming financing?

VIDEO: Can a borrower do a loan on a manufactured home as an investment property?

VIDEO: Does a Planned Unit Development (PUD) require a full project review?

VIDEO: What specific requirements does FHA have regarding the use of a non occupying co-borrower for qualifying?

VIDEO: If your borrower has disclosed majority ownership interest in a Partnership, what will you be requesting from them to submit to underwriting for a full review?

VIDEO: FHA is specific about who can and cannot provide gifts to borrowers for their down payment. Who are the eligible donors for gift funds on an FHA loan?

VIDEO: If there is a student loan reported on the credit report and there is no corresponding payment listed, per FHA Guidelines, what payment should the lender use to qualify the borrower?

VIDEO: If there is a student loan reported on the credit report and it shows to be in deferment, per Conventional Guidelines, how should the lender qualify the borrower?

VIDEO: If the credit report shows a tradeline with an outstanding balance but shows no minimum payment, can the creditor assume no payment is owed?

VIDEO: How can you determine if an installment debt can be excluded from DTI calculations?

VIDEO: What are the requirements to include overtime income in DTI calculations?

VIDEO: How do you document assets that come from proceeds from the sale of personal assets such as a vehicle?

VIDEO: What qualifications must be met in order to use rental income as qualifying income?

VIDEO: What is the requirement to exclude an installment debt payment from qualifying ratios on conventional & FHA mortgage loans?

VIDEO: Paystubs must be dated no earlier than how many days prior to the initial loan application?

VIDEO: True or False: Tax returns are not required to be signed by the borrower.

VIDEO: What are funds called that are provided by a relative or domestic partner that are used for closing costs and not required or expected to be repaid?

VIDEO: True or False: Gift funds are not allowed on an investment property transaction.

VIDEO: What is a Real Estate Assignment Contract?

VIDEO: Your borrower owns a small sandwich shop as a sole proprietor. What type of tax return schedule would you be looking for to verify income?

VIDEO: On a purchase transaction, your borrower’s qualifying income is $5,000 a month. In review of the bank statements you see a non-direct deposit for $2,400. Does this deposit require.....

VIDEO: Your borrower earns over 25% of their wages in commissions income. What income documents are required to support these earnings?

VIDEO: A borrower is qualifying for a loan using an automobile allowance. The lender wants to use this to justify deleting the auto expense from the credit report. Is this allowed?

VIDEO: What is the difference between Discount Points and Origination Fees?

VIDEO: What is the difference between Non-Recurring and Prepaid costs?

VIDEO: When would you use a Bridge Loan?

VIDEO: Who is considered to be a First Time Homebuyer?

VIDEO: My subject property is a condo, the departure residence is in the same building, do I have to include HOA special assessments on both?

VIDEO: Does FNMA offer 97% Loan to Value financing for homebuyers?

VIDEO: Does FHA offer financing on condo properties?

VIDEO: What new construction documents will be required on an FHA property at 96.5% LTV appraised as “proposed construction”?

VIDEO: What documents will be required on an FHA property at 96.5% LTV appraised as "new construction"?

VIDEO: What is the waiting period for borrowers who have had a foreclosure?

VIDEO: How long is a VA appraisal good for?

VIDEO: What are Community Property States?

VIDEO: What do you do different when underwriting a government loan located in a Community Property State?

VIDEO: On a VA loan, can a veteran be back to work less than one year and still qualify?

VIDEO: On a conforming loan, can I use overtime, bonus or commission income in qualifying?

VIDEO: Does a borrower need flood insurance on an additional structure for subject property?

VIDEO: May the FHA appraisal be dated before the case number assignment or application?

VIDEO: There are large deposits on a FNMA rate/term refinance, do I have to source?

VIDEO: What are the different loan programs for completing an FHA loans?

VIDEO: Per TRID guidelines, when does the initial LE need to be dated?

VIDEO: What should an Underwriter do when they are approving an FHA MCR loan?

VIDEO: Should a processor question different addresses on the borrower’s documentation?

VIDEO: When calculating income, should the YTD exceed the base income?

VIDEO: What happens when there are no comparable sales available?

VIDEO: How is alimony treated when calculating Debt to Income ratios on agency loans?

VIDEO: Can you have a loan that meets the Ability to Repay (ATI) and not the Qualified Mortgage (QM) requirements?

VIDEO: What are the allowed seller contributions for Agency Loans?

VIDEO: Can a lender charge, change or add fees on a Loan Estimate before receiving the borrower’s intent to proceed?

VIDEO: What is the comparable sales requirement for a new or recently converted condo, subdivision, or PUD?

VIDEO: What documentation do you need when a borrower's commission income is greater than or equal to 25%?

VIDEO: A VOD is provided to verify funds to close, but the last 2 months' average balance is $20,000 less than the required funds. What should be done?

VIDEO: If you receive a Refer with Caution from DU or Caution from LP/LPA due to credit, what are compensating factors for the derogatory credit?

VIDEO: What is included in Schedule A of a Title Commitment?

VIDEO: How long must a borrower wait after a Chapter 7 Bankruptcy before the borrower can get approved for an Agency loan?

VIDEO: For an Agency loan, can you close the loan in a trust?

VIDEO: With a non-occupant co-borrower, what is the maximum LTV and occupant’s minimum contribution for an Agency AUS loan?

VIDEO: What is required to verify that a third party is responsible for a borrower’s debt that is being excluded from the DTI calculation?

VIDEO: Is a garnishment of wages included in the debt ratio or is it a deduction from income?

VIDEO: Can VA financing ever be used on a property with more than 4 units?

VIDEO: When does a VA Certificate of Eligibility expire?

VIDEO: What counts when determining the number of properties owned by someone applying for conventional investment property financing?

VIDEO: Who determines the maximum conforming loan limit amounts?

VIDEO: A borrower recently changed jobs from a 100% commission to a salary plus 20% commission. Can you use the 20% commission for income qualification?

VIDEO: Can an un-licensed trainee appraiser complete the appraisal of a property?

VIDEO: What is the PITI reserve requirement for an Agency loan when the subject property is an investment property?

VIDEO: A recent college graduate has an offer letter in their major and first paystub supporting the offer letter income. Can you use that income to qualify?

VIDEO: Can a borrower have more than one open FHA loan at a time?

VIDEO: What happens when someone is convicted of mortgage fraud?

VIDEO: How is Guaranty and the Funding Fee calculated on VA joint loans to.....

VIDEO: Will VA allow a Manufactured Home to be used as an accessory unit?

VIDEO: When can revolving, lease, or installment debt be excluded from the debt.....

VIDEO: If there is an outstanding credit card debt on the borrower's credit.....

VIDEO: When can you use child support income and what documentation do you need?

VIDEO: Can the stability and likelihood of continuance of income be implied.....

VIDEO: There is a $15,000 deposit on a recent bank statement not being used.....

VIDEO: How is a Co-Op different than a Condo?

VIDEO: What is the difference between a Manufactured and Modular Home?

VIDEO: How does remaining economic life affect a loan?

VIDEO: What triggers an FHA downgrade to Manual Underwriting?

VIDEO: Are there any tolerances to DU Findings?

VIDEO: Would you explain the three approaches to market value?

VIDEO: What debts are not discharged in a Chapter 7 bankruptcy?

VIDEO: What are private savings clubs and susu's?

VIDEO: What are acceptable extenuating circumstances for FHA?

VIDEO: What do you do if someone has a credit freeze?

VIDEO: How does FHA look at someone employed by a family-owned business?

VIDEO: What to do if borrower with credit reports not showing judgement and liens?

VIDEO: How do you document the sale of personal property for funds to close?

VIDEO: Community Property State: Non-Borrower Spouse Requirements?

VIDEO: What are examples of acceptable types of non-traditional credit?

VIDEO: On a VA IRRRL, who can be on a new loan note?

VIDEO: Can a borrower take his WVOE to the employer for us?

VIDEO: What disclosures are required with a VA application package?

VIDEO: What is the difference between 'household' and 'qualifying' income on an RD Loan?

VIDEO: Does rural development have an acreage restriction?

VIDEO: What kind of subordinate financing is allowed on the FHA mortgages?

VIDEO: What is the minimum flood insurance coverage FNMA requires?

VIDEO: Can we offer conventional financing on earth homes?

VIDEO: Is a two-story home an acceptable comparable sale for a tri-level home partially below grade?

VIDEO: Does Fannie Mae allow non-arm's length transactions?

VIDEO: What kind of issues are reported to CAIVRS?

VIDEO: Is a property with a rented accessory unit over the garage and a basement in-law suite acceptable?

VIDEO: What causes exclusions on the LPD and GSA lists?

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Free Mortgage Training Videos

Featured

Review of Forms 1065 & 1065 K-1 - Part 3

This free mortgage training video discusses parts of Form 1065 Schedule K-1, Cash Flow Analysis (Form 1084), sample form and more. Ideal for loan processors and mortgage underwriters.

Review of Forms 1065 & 1065 K-1 - Part 2

This free mortgage training video discusses parts of 1065 U.S. Return of Partnership Income (2018), parts of Cash Flow Analysis (Form 1084) and more. Ideal for loan processors and mortgage underwriters.

Review of Forms 1065 & 1065 K-1 - Part 1

This free mortgage training video discusses difference between IRS Form 1040 & Form 1065, discussion of the forms, Cash Flow Analysis (Form 1084) and more. Ideal for loan processors and mortgage underwriters.

Review of the Loan Estimate - Part 3

This free mortgage training video discusses few FAQs that were submitted to CFPB by various lenders regarding loan estimate and more. Ideal for loan processors and mortgage underwriters.

Review of the Loan Estimate - Part 2

This free mortgage training video discusses revisions and corrections on the LE, examples of changed circumstances and more. Ideal for loan processors and mortgage underwriters.

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