DU & LPA Workshop - "Everything from A to Z"
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COURSE DESCRIPTION:
The DU & LPA - "Everything from A to Z" Webinar 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 & Tolerances
- Case Study DU Findings
- FHLMC Loan Product Advisor
- LPA Recommendations & Tolerances
- Case Study LPA Findings
- Underwriting without Traditional Credit
- DU & LPA Validation Services
- Uniform Collateral Data Portal
- Collateral Underwriter & Automated Collateral Evaluation
- Practice Quiz
**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.
COURSE FORMAT:
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- All Course Materials are Downloaded as PDF Files
- Certificate of Completion Downloaded as a PDF File
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.
JOB SEARCH RESOURCES:
Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing a CampusMortgage® training webinar. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Please note: The Job Search Resources are not to be considered job placement assistance as we view that as a conflict of interest.
REFUND POLICY & TERMS OF USE:
Before purchasing any NAMP®/NAMU® certification program or CampusMortgage® training class, we recommend you thoroughly read our Refund Policy & Terms of Use.
Need Help? Call us today toll-free at 1-800-865-8550 Press 1
