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RC_LP_U_200.2 Income Review in Residential Underwriting
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011105-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

A borrower's capacity to repay a mortgage loan is primarily measured by the applicant's employment and income. Proper calculation of qualifying income is key to arriving at an accurate set of qualifying ratios. Therefore, it is critical that an underwriter evaluates income and income sources in the appropriate manner, following income guidelines that are acceptable to the final loan investor.

In Income Review in Residential Underwriting, stable, secondary, and seasonal income from employment are discussed, along with variable sources of income derived from overtime, bonus, and commissions. The course also provides a basic overview of the more advanced underwriting income techniques used to analyze self-employment income. Income from sources other than employment, such as child support, alimony, pensions, and interest income, are also examined. Toward the end of the course, techniques for underwriting rental income from the subject property are discussed.

Topics:

  • Stable Employment Income
  • Secondary and Seasonal Income
  • Variable Employment Income
  • Overtime and Bonus Income
  • Commission Income
  • Self-Employed Income
  • Non-Employed Income
  • Rental Income from Subject Property

    Seat time approximately one (1) hour.

    Copyright 2017.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011105-WC-W 
     
    Title:
    RC_LP_U_200.2 Income Review in Residential Underwriting 
     
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