Calculating Income, LTV, & DTI Workshop
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COURSE DESCRIPTION: Join us for an intensive study course on these basic mortgage lending formulas. In the Calculating Income, LTV, & DTI Workshop course students will learn how to apply the correct calculation to various loan scenarios. Examples will be presented and students will have an opportunity to complete exercises with the instructor for a better learning experience.
COURSE OUTLINE:
- Automated Income Validation
- Wage Earner Documentation
- Hourly Wage Calculation
- Seasonal & Secondary Income Calculation
- Salaried Income Calculation
- Overtime, Bonus & Commission
- Alimony & Child Support
- Social Security Income
- Non-Taxable Income
- Retirement, Annuity, and Pension
- Self-Employment Income
- Schedule C: Sole Proprietorship
- Schedule E: Rental Income
- Form 8825: Rental Income
- LTV/CLTV/HCLTV
- Debt-To-Income Ratios
- Multiple Practice Quizzes
- Download Course Catalog >>
COURSE FORMAT:
- Instructor-Led Online Webinar
- Duration: 24/7 Access for 1-Year
- 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 calculate income, LTV & DTI, 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 an underwriter or processor, this training program will provide the skills you need to succeed as an effective mortgage professional. Also ideal for loan processing & underwriting managers looking to train their existing staff on proven calculating income, DTI, LTV principles.
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.
SYSTEM REQUIREMENTS: You will need the following: 1) a Computer/Tablet, 2) Internet and 3) Computer Speakers. Please check beforehand to make sure these items are working properly.
GRADUATION: Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.
REFUND POLICY & TERMS OF USE: Before purchasing any 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