RC_LP_U_200.3 Credit Review in Residential Underwriting
| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
In addition to making certain that the credit score fits the product eligibility parameters, an underwriter needs to perform a thorough analysis of the credit report.
Credit Review in Residential Underwriting walks through the steps of analyzing the credit report: confirming the report information is complete and accurate; identifying all outstanding debts and monthly debt payment amounts; analyzing the credit history as a whole; determining the impact significant adverse credit events have on the risk of the loan file; and documenting borrowers with nontraditional credit.
The concepts explained in this course are concepts that form the foundation for sound underwriting. When a loan is run through an automated underwriting system (AUS) such as Fannie Mae's Desktop Underwriter (DU) or Freddie Mac's Loan Product Advisor (LPA), some of the issues discussed in this course may be applied automatically.
This is a single-family/residential course.
Seat time approximately 1 hours.
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