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Youll also review business tax returns and learn the differences between the business structures. Your guide to using mortgage origination and servicing tools. Arch MIs accredited public speaker and industry expert, Blaine Rada, will share his story of personal challenge and valuable lessons gained during his month-long trek across Spain, unplugged from modern life, technology and the nine-to-five routine. Expand your market of borrowers by learning the key points and unique features of the Fannie Mae HomeReady Program. The First Decision Approval video covers all the key underwriting documents required to obtain an MI Approval for non-delegated submissions. Review the W-2, 1120S & K1 Using Fannie Mae's 1084. Review and Calculate Miscellaneous Non-Employment Income, Review Income Sources (such as Public Assistance, Disability, Tips, Foster Care, Social Security), Appraisal Underwriting - Part I The Basics, Reviews Basic Appraisal Theory and the Concept of Market Value, Liabilities: Calculating and Modifying the DTI, Review the Relationship of the P&I vs. Borrower Debt to the DTI, Self-Employed Borrower Form 1084 Part I - The Personal Tax Return, Calculate Income for Fannie Mae from Personal Tax Returns, Review Basic Calculations of Salary and Hourly Income, Self-Employed Borrower Form 1084 Part II - The Business Tax Return, Calculate Income for Fannie Mae for Partnerships and S Corporations, Including K-1 Income, Effective Application Interviewing and Review, What is Needed for a Complete Uniform Residential Loan Application, Appraisal Underwriting - Part II Focus on the Sales Comparison, Current Issues Surrounding the Sales Comparison Section of the Uniform Residential Appraisal Form, Rental Income Calculator and Quick Reference Guide for Rental Income, Completion of Schedule F Using 1084 Cash Flow Analysis Form, Utilize Resources to Grow Business - Focus on Actions that Create Loyalty, Critical Thinking and Problem Solving: Structuring a Loan Application. Friday: 9 AM - 6 PM ET. In this webinar, Andrew Oxley will teach you how to effectively deal with conflict. Date post: 28-May-2020: Category: Documents: Author: others View: 1 times: Download: 0 times: Download Report this document. In MGIC's Residential Appraisal Review training webinar, you will get the tools you need to help build and strengthen your appraisal evaluation skills. We offer . For more information about Genworth Training, contact your Genworth sales representative, call the Genworth ActionCenter at 800 444.5664, or you can . Learn how to calculate qualifying income using a cash flow analysis method. Learn how to activate borrower paid deferred MI with the click of a button! 888 Genworth. Our foundations Series covers Real Estate Property Valuations Essentials. Training Resources Get instant access to the tools, guidance and training materials for our professional education courses. Embed Size (px . Reach NextGen, Multicultural, and Multigenerational Homebuyers and learn more about how you can better educate and serve this important and vital demographic. We're committed to making a difference in our employees' lives. Blaine Rada, the host of Arch MI's Insights podcast series, is an experienced training coach and industry speaker who understands the challenges of competing for business in the mortgage marketplace. 1.800.511.8888. Navigating and Evaluating Personal Tax Returns, Audience:Loan Originators, Loan Processors and Underwriters. Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. In this short video, we will demonstrate how to notify Radian of a servicing transfer. Fine-tune your communication skills to improve sales performance. National MI believes in expanding access to the American dream of homeownership. Enhanced Customer Service Through Better Business Communications, Best Practices in Professional Business Communication, Fannie Mae and Freddie Mac Renovation Programs, Understand the Basics for Fannie Mae and Freddie Mac Renovation Programs, Highlights Critical Areas of Purchase Transactions, Understanding Adjustable Rate Mortgages (ARMs), Leveraging Mortgage Insurance in Today's Market, Structuring Mortgage Insurance in today's market, Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures, Managing the Middles - A Look at LTV Scenarios, How to differentiate yourself as an advisor in this competitive market. Discover why you will, too. Online virtual meetings are essential to successfully communicating with your customers and partners. These fees may have a direct impact to both lenders and borrowers. Why National MI? MGIC > Introducing MGIC's Magic Minutes Training Series Quickly refresh or expand your industry knowledge and skills with our new Magic Minutes training series, Evaluating & Calculating Borrowers' Income. Our new Timely Topics video can assist you in preparing for these changes. The footage of the webinar as well as an ear into the discussion can serve as a business resource after . 30-Minute Session Accessory Dwelling Units or ADU's are becoming more common in mortgage transactions, yet many are unaware of the specific guideline requirements for this type of property. Available formats: Webinar,OnDemand Video, Understanding Self-Employed Borrowers and Business Tax Returns, Audience:Loan Originators, Sr. Whether you are new to the industry or a veteran, MGIC courses are great for learning and refreshers!. We are often asked how mortgage insurance can support Construction-to-Permanent transactions. At Sagen, our trained mortgage information specialists are here to answer your questions, provide more information on our value-added products and services, and help you with any other aspect of doing business with us. The mortgage industry is starting to see the documentation reflecting those impacts in loan files. This session will provide an overview of this new industry-standard loan application, review its components and highlight key features and differences between it and the loan application used before it. ----Course title center---/> ----Course title center---/> ----NAV BAR---> Home; Getting Started; My Progress; Catalog; Live Calendar; Calculators; EnactMI.com Our Essentials Training webinars are designed to deliver innovative, mortgage training courses to industry professionals like you. Stay connected to the latest mortgage insurance news, trends and expert insights with timely email alerts. Sharing your expertise via online webinars helps establish you as a trusted financial advisor to a wide audience. Knowing these costs is a first step in helping you plan for the future. E-Learning: Remote Work Series. Led by our team of experienced educators, youll get hands-on, practical training on topics that are relevant to your everyday operations. Third-party websites may use them to remember that you have visited a website, and this information is shared with other organisations such as media publishers. First, knowledge environment where you are and what you know. Learn how to calculate qualifying income for a self-employed borrower. In this course, we will focus on the unique considerations of Sole Proprietorships and Corporations. 90-Minute Session Get the latest updates, industry trends, and guideline changes on GSE-related policies. Available formats: On-Demand Video, On-Site Training (Contact your Account Manager), Learn How to Record Videos, Share Screens and More Using Zoom. Mortgage Fundamentals is an essential course for those newer to the mortgage industry. We have committed to developing our employees because these changes in the marketplace require new competencies. It's as easy as 3,2,1! How to Read AUS Findings Like a PRO, Focus on Assets: Acceptable Documentation and Eligible Sources, K-1 Comparison - The Differences Between FNMA and FHLMC (Micro Session), LPA Live! Login to track the status of your submitted claims and payments. An alternative to FHA financing, HomeReady is designed for creditworthy, low-to moderate income borrowers and includes expanded eligibility for financing homes in designated low-income, minority and disaster-impacted communities. Essent Essentials K-1 Workshop is designed to shed light on the perplexities of income analysis for Partnerships and S-Corps. Live webinar training is also designed to accommodate busy employees who wish to extend their knowledge in different areas during the workday. Watch Full Recording In this first Back to Basics course, we review acceptable income for mortgage qualification, including employment and non-employment sources. Never heard of SplitEdge? You are protected Jun 2016 - Present6 years 10 months. 550 East Swedesford Road Suite 350 Wayne, PA 19087 . Our featured live webinars focus on timely subjects, usually tied to recent regulatory changes, real-time events or current needs like how to navigate virtual meetings. Mortgage professionals participating in this course will learn Agency guidelines for income calculation and documentation. Toggle Nav. 20-Minute Micro Session The free sessions provide timely and strategic information about the business of learning, current trends impacting workforce development, best practices for training and talent management, and practical information on the latest tools and technology. Its been discovered that motivated buyers will use the first person that calls them back 80% of the time. High demand and low inventory are driving purchase prices well above the list price. The Global Learning & Development team offers our employees opportunities to grow and develop in and out of the classroom. 60-Minute Session Now is the time to learn more about the ARM and how it can be beneficial to many. Keeping these cookies enabled helps us to improve our website and display content that is more relevant to you and your interests. Join us for a lively discussion on ARM components, how to accurately qualify your borrower and when it is the right "fit" for your scenario. Webinar steps Before the webinar The organizer: Schedules the webinar well in advance, usually by several weeks. Available formats: On-Site Training (Contact your Account Manager), Five Steps to Better Goal Setting and Planning. Genworth: Financial Solutions for Long Term Care Check the Status of Your Claim Now Login to track the status of your submitted claims and payments. Find what you need to know about MGICs mortgage insurance rates. 90 minutes. 60-Minute Session Learn the basics of applying Fannie Mae's & Freddie Mac's conventional guidelines on rental income in qualifying for a mortgage. Understand how to manage your long term care insurance claim by learning what to expect, understanding the claims process and what happens next. SEB Borrower Workshop Explore our Course Catalog and contact your Radian Account Manager to schedule a session for your company. Intended Audience: Mortgage professionals who have at least one years underwriting experience and a solid understanding of the various business structures and tax forms. Discover untapped markets for additional business, understand the importance of content marketing, know what your borrowers value in a lender, create unique competitive advantages and examine a framework for selecting Realtor partners. Please check your mail and enter the code here. This hands-on course includes analysis for a PARTNERSHIP (1065/K-1) using a cash flow analysis method. Please join this 1-hour webinar that will be led by David MacDonald and Susan Seto who will provide in-depth insights and recommendations that you can use to develop your own strategies and programs to engage with your own customers who may be turning to you and your staff for help. Our new 45-minute class will show you five key tipsyou can take to avoid potential time delays, and has been updated to include the NEW 1003 (URLA). As an added bonus, youll learn how to overcome common loan challenges and a formula for getting exceptions approved. Get step-by-step instructions on how to use mortgage origination and servicing tools. A webinar, short for 'web-based seminar', is an online presentation, meeting, or workshop that allows individuals or groups to interact in real time. In this workshop, you'll learn how to identify when fraud and misrepresentation are occurring. We deliver skill-building training programs and special events right to your desk through our webinars. Strengthen your understanding of the industry with our self-paced education. Five Values that establish your intentions and ensure your communication is understood and acted on. Enhance your understanding of self-employed borrowers and develop an understanding of the components of business tax returns. Practice calculating variable income analysis using two commonly encountered types of income. Whether you are an originator or an underwriter, we have the resources and answers you need to understand how mortgage insurance can benefit you and your borrower. Learn about checking and savings accounts, establishing ownership, stocks, bonds, mutual funds, and more. A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. For a first-time homebuyer, the process comes with a lot of unknowns. His podcasts present smart tips, expert guidance and innovative approaches that can transform your prospects. support Construction-to-Permanent transactions. ), the act of planning is where the value is. Advanced Knowledge of training needs analysis, design, and development. about experiencing the effects of aging firsthand. Building Your Business with Webinars, Facebook Live Events and YouTube. In this third course of the Back to Basics Income Fundamentals series, we will apply the knowledge gained from Income Fundamentals 201 to accurately calculate qualifying income from paystubs, including base pay, overtime, bonuses and commission. It requires that our employees embrace the need to regularly evaluate their own knowledge and skill sets. Learn simple techniques you can use to set loans up for success. Well break down mileage depreciation, and how to know if you can include an additional add-back (Schedule C), and review the different requirements for utilizing Corporate cash flow. Watch Webinar Recording Evaluating and Calculating Borrower Income - Focus on Fixed and Variable Sources Who Should Attend: Loan Officers, Processors, Underwriters Webinar Materials: https://www.mgic.com/training/seminar-materials/evaluating-and-calculating-borrower-income Use Arch MI resources to assist you in your loan processing review. Contact your Account Managerfor more information about this course. We'll review what each ratio represents, why and how it is used in an analysis and where and how it functions in the decision-making process. 10:00am (PT) TRID regulations govern the mortgage process and dictate what information lenders are required to provide to borrowers - as well as when they are required to provide it. The webinar can be on-demand or streamed live as long as it teaches viewers about a certain subject of interest or how to gain a specific goal. Conventional loans are much more common than government-backed financing. Discover how our homebuyer education program can connect you with more potential borrowers. LTCI Login, MondayThursday8:30 AM6 PM ETFriday9 AM6 PM ET, MondayThursday 8:30 AM6 PM ETFriday 9 AM6 PM ET. Intended Audience: new loan officers, processors and other mortgage operations professionals. Radian Guaranty Inc. can help lower the risk for lenders making these types of loans, thereby helping potential borrowers qualify on a new construction property. Processors andUnderwriters. During this session we will discuss what DU reviews; the Importance of data integrity and we will highlight key areas of interest on the Summary Report and the UW Analysis Report. I am fortunate to provide education and support to Advisors nationwide regarding the importance of LTC Planning and the various of solutions . Watch Webinar Recording How to Read a Credit Report in Under 5 Minutes Who Should Attend: Loan Officers, Processors, Underwriters Being able to confidently review a credit report with your borrower isn't always easy. 20-Minute Micro Session Desktop Underwriter Training Webinar Slides . Properties with solar panels are becoming increasingly common and can have a big impact on mortgage financing. Browse Classes CLASS CALENDAR We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. estate industries relied solely on the traditional appraisal report. Our podcast library features industry leading experts from finance and personal growth. We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. Housing and Mortgage Market Review (HaMMR). Get an overview of The Three Cs of mortgage banking including income/employment, assets/reserves and ratios. Tune into expert insights on your favorite podcast app. Gain industry knowledge and essential skills from the experts at MGIC, the industry's leading mortgage insurance authority. Earn free PDUs! This short video highlights some benefits, terms, and scenarios for your understanding. Our financial products are offered/underwritten by one or more of the following:Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York (only Genworth Life Insurance Company of New York is admitted in and conducts business in New York); Genworth Mortgage Insurance Corporation;Genworth Mortgage Insurance Corporation of North Carolina; Genworth Financial Assurance Corporation. Residential appraisals continue to evolve. This Timely Topics video will help you better understand those changes and impacts. Cookies help us improve your website experience. This video series, featuring Rene Rodriguez, will tackle some of your most complex challenges with simple steps that lead to positive results. These on-demand, quick-hitting videos bring you essential knowledge in 15 minutes or less. Reviewing and Understanding the Basics of Tax Returns, Audience:Loan Originators, Jr. Participants learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. MGIC's recorded tutorial videos are available on-demand and at no charge, offering the guidance you need, when you need it. To assist our customers in facing the challenges of this changing work structure, our Essentials Training team has designed a series of micro-learning topics that focus on the skills . Get the latest on regulations, GSEs and Fannie Mae and Freddie Mac policies. Learn how to put our powerful solutions to work for your business. To engage your team and provide competitive service while staying compliant, your employee training program needs to hit the mark. (888 436.9678) Monday - Thursday: 8:30 AM - 6 PM ET. It's not rocket science, so why can't this be you? 11:00am (PT) Learn about the various tax returns and forms in this introductory class. In this five-minute video, you will learn how the GSEs, Fannie Mae & Freddie Mac, are accepting the desktop appraisal. is here to help real estate & mortgage professionals of all experience levels stay educated. Starting an open and honest conversation with the people listed here will help create a plan that covers everyones needs. In this fifth session, they will cover the competency of self-perception where participants will rate their current level of competency, engage in rich discussion to increase their awareness, and identify opportunities to leverage and/or increase their interpersonal skills. Right now, you can know you're getting the right MI rate for your borrowers by quoting with MiQ. Friday 9 AM-6 PM ET. In this recorded webinar, we will show how to set up, invite and host online webinars, FaceBook Live Events and post videos onto YouTube to educate, inform and promote. Fannie Mae has adjusted loan criteria and updated their systems to accommodate more borrowers without credit scores and help simplify the process for lenders, Residential appraisals continue to evolve. With guidance from an Essent facilitator, participants will learn to interpret the cadence with which a borrowers income is received and also practice calculating the base, monthly, qualifying income in nine separate exercises. FHA or Enact MI? March 2023. Here is a list of some of our favorite free TRID training links: Free CFPB TRID Implementation Page. Effective May 1st, the GSEs, Fannie Mae & Freddie Mac, have announced that there will be changes made to the loan level pricing adjustments, or LLPA, fees. Expert Skills in group process facilitation, classroom instruction, and organizational effectiveness. Processors andUnderwriters. Planning for the Future with Your Spouse or Partner, Lets Talk: Conversations That Make A Difference, Talking To Aging Parents About Their Plans for the Future. Login/Register to access the new Coverage & Care page featuring the Coverage Needs Estimator*. Making the Loan Application Process Easier, Audience:Loan Originators and Loan Processors. Get easy access to National MI courses and our previously recorded webinars. In this 1-hour webinar, we will show you threeeasymethods to begin using immediately to achieve next level productivity in both your personal and professional life. Third-party cookies include performance cookies and targeted or advertising cookies. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Allowable add-backs and required deductions will be discussed, and well demonstrate how to calculate income from various business structures, introducing you to the Arch MI Tax Return Analysis Calculator (AMITRAC), the industrys most user-friendly Schedule Analysis form. Live webinars are valuable because they happen at a scheduled time and are a fun way to interact virtually with an expert trainer who engages participants and fields questions. Learn More. 60-Minute Session Understanding a Significant Derogatory Credit Event, Identify Credit Events in a Borrower's Mortgage File, Learn the Basics for Personal Video Marketing, Fannie Mae and Freddie Mac - Understanding Your Options, Fundamental Differences in Fannie Mae and Freddie Mac, Understanding Desktop Underwriter - Advanced Guidelines and Updates, Explore Conventional Loan Options to Determine Best Options, Learn about Ability to Repay (ATR) and Qualified Mortgages (QM), Help each person develop a personal code of ethics to use in the mortgage industry, Terminology Used in the Mortgage Industry, Understanding Credit Reports and Credit Scores, Basics of Credit Reports and Credit Scores, Verify if the Loan has a Home Equity Line of Credit, Introduction to the TILA-RESPA Integrated Disclosure (TRID), Review the TILA-RESPA Integrated Disclosures (TRID), Self-Employed Borrower Basics Part II - Partnership, S-Corp and Corporations, Examine Business Returns in Detail using the Cash Flow Analysis Method, From Action to Impact: Time Management for Originators, Identify Impactful Steps Over Busy Actions, Self-Employed Borrower Basics Part I - The Personal Tax Return, Business Income Concepts for Calculating Qualifying Income, Look at options to use Mortgage Insurance, A History of Mortgage Banking and Understanding of a Loan File, Understanding Desktop Underwriter (DU) - The Basics, Introduction to Fannie Maes Automated Underwriting System (AUS) Desktop Underwriter, An Overview of the Residential Loan Application (URLA), Complete and/or Review the Uniform Residential Loan Application, Understanding Loan Product Advisor - The Basics, Determine if a Borrower is in the US Legally for Mortgage Origination Purposes, How to Be Productive, Efficient And Valued, Appraisal Review: With Guidance for Rural Properties, Review Guidelines, Documentation Requirements, Best Practices and Issues Round, Overview of the Basics of Mortgage Insurance, Self-Employed Borrower Form 91 Part I - The Personal Tax Return, Calculate Income for Freddie Mac from Personal Tax Returns, How MCC Can be Used to Qualify Borrowers for HFA Loans, NAR 2022 Profile of Home Buyers and Sellers, Self-Employed Borrower Form 1084 Part I - The Personal Tax Return Webinar, Self-Employed Borrower Form 1084 Part II - The Business Tax Return Webinar, Review and Calculate Miscellaneous Employment Income Webinar, Calculating Income - The Exercises Webinar, Review Schedule E - Rental Income Webinar, Understanding Desktop Underwriter - Advanced Guidelines and Updates Webinar, Understanding Loan Product Advisor - Advanced Guidelines and Updates Webinar, Review Schedule C - Sole Proprietor Webinar, Self-Employed Borrower Form 91 Part I - The Personal Tax Return Webinar, Self-Employed Borrower Form 91 Part II - The Business Tax Return Webinar, Navigating Mutual Threats & Opportunities with your Realtor partners, Guide in understanding customers and their needs, Fannie Mae and Freddie Mae Year-End communications, Understanding the Basics of Freddie Mac's Refi Possible and Fannie Mae's RefiNOW, Fannie Mae and Freddie Mac's Low Income Refinance Options, Self-Employed Borrower Form 91 Part II - The Business Tax Return, Calculate Income for Freddie Mac for Partnerships and S Corporations, Including K-1 Income. Get acquainted with Title and what to expect during the Pre-Closing, Closing, and Post-Closing processes, including key steps involved in obtaining a Title. The following Genworth training webinars deliver the advantage of a live instructor with the convenience of learning right from your desk. Times and technology have changed creating a quicker, more cost-effective approach to the residential appraisal. Don't forget to check out our MI Loan Submission Checklistto help you with the loan process. Strategic Business Partnerships with Genworth functions, businesses, human resources managers, and talent development leaders. Share this document with a friend. Our goal is to offer competitive pricing using risk-based technology while delivering outstanding service to our lender customers. Session 3 - Evaluating Credit, Capacity, Capital & Collateral.