Self-Employed Borrowers Focus on Getting Started and the Sole Proprietor, *MI Solutions It's Time To Rethink Your MI Strategy*, *Preventing Mortgage Fraud Take a Closer Look*, Evaluating and Calculating Borrower Income Focus on Fixed Sources, Self-Employed Borrowers Focus on Partnerships and S Corporations, *HomeReady Mortgage Overview with Fannie Mae*, Evaluating and Calculating Borrower Income Focus on Variable Sources, *Expand Your Defense with Our March Madness FAQ Session*, *The Economy in 2023: The Pause and the Pivot*, Self-Employed Borrowers Focus on Corporations and Financial Statements, *Unique Insights into Community Reinvestment Act (CRA) Performance Improvement*, *Another Dimension of Inclusion: Seeing the World Through the Lens of Ableism*. The Fannie Mae Learning Resource Center offers a wide range of materials to help you do business with Fannie Mae. Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. Please check your mail and enter the code here. You are protected Reach NextGen, Multicultural, and Multigenerational Homebuyers and learn more about how you can better educate and serve this important and vital demographic. about experiencing the effects of aging firsthand. by ensuring employees have a deep understanding of our industry, business, and customers, as well as applying that knowledge in their role. 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. National. 888 Genworth. to the residential appraisal. Learn a full spectrum of mortgage concepts, from the fundamentals to the complex. Get step-by-step instructions on how to use mortgage origination and servicing tools. This website uses cookies so that we can provide you with the best user experience possible. Hands-on exercises show you how to identify red flags and to understand the differences between fraud schemes and fraud techniques. Available formats: On-Demand Video, On-Site Training (Contact your Account Manager), Learn How to Record Videos, Share Screens and More Using Zoom. 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. LTCI Login, MondayThursday8:30 AM6 PM ETFriday9 AM6 PM ET, MondayThursday 8:30 AM6 PM ETFriday 9 AM6 PM ET. Learn on the go with the Radian National Training On Air podcast series. During this session we will discuss what LPA reviews; the Importance of data integrity and we will highlight key areas of interest on the Feedback Certificate. At the end of the study, they concluded that there were three core factors to success. Looking for more info on title services? Forgot password? You may need to adjust your speaker volume. Defining common terms and theories, such as nonrecurring vs. recurring income or expenses, distributions and guaranteed payments, will help you develop a clearer picture of your self-employed borrower's income and financial standing. We are often asked how mortgage insurance can support Construction-to-Permanent transactions. Short videos help maximize your learning experience, Timely podcasts you can listen to while on the go, Supplemental activities reinforce important concepts and apply what have you learned, Engaging workbooks and training materials bolster your knowledge. We deliver skill-building training programs and special events right to your desk through our webinars. Find out the actual cost of a variety of long term care options nationally, as well as right where you live. Our goal is to offer competitive pricing using risk-based technology while delivering outstanding service to our lender customers. Conventional loans are much more common than government-backed financing. Learning Technology to make learning and development activities more flexible, global, cost effective, and engaging. Long Term Care Insurance Claims. Obstacles in affordability can be rough speed bumps on the road to homeownership, but we work hard to make the dream of homeownership a reality. Effective September 18th, Fannie Mae will implement several new Desktop Underwriter, Looking for more info on title services? Watch Webinar Recording Self-Employed Borrowers - Focus on Corporations and Financial Statements This webinar was recorded on January 26, 2023. Our new training option offers brief, focused videos to increase your knowledge in 15 minutes or less! We have a history of valuing employee development at Genworth that is evident at every level in the organization. Increase your knowledge of fraud by understanding what defines it and how it impacts the mortgage industry. Learn the fundamentals of navigating through personal tax returns, including key components of the 1040 including Schedule 1, Schedule B, Schedule D and Schedule E. Discover when and why tax returns are needed, and how to recognize when tax returns are complete. Are you ready to discuss the Adjustable Rate Mortgage (ARM) option with your customers? Want to gain a better understanding of earnings, distributions and liquidity analysis? But after this 60-minute webinar, you'll be able read one like a pro. Intended Audience: Mortgage professionals who have at least one years underwriting experience and a solid understanding of the various business structures and tax forms. The mortgage industry is starting to see the documentation reflecting those impacts in loan files. Right now, you can know you're getting the right MI rate for your borrowers by quoting with MiQ. Jun 2016 - Present6 years 10 months. Share this document with a friend. Learn how to calculate qualifying income for a self-employed borrower. Stay connected to the latest mortgage insurance news, trends and expert insights with timely email alerts. By Letter: Genworth Financial-SIU. The marketplace can be challenging, and salespeople must differentiate themselves to create and retain clients and referral partners. Led by our team of experienced educators, youll get hands-on, practical training on topics that are relevant to your everyday operations. technology have changed creating a quicker, mor. Watch Full Recording Our new training option offers brief, focused videos to increase your knowledge in 15 minutes or less! Today its essential to meet with borrowers virtually and show howhow to upload documents, review conditions or appraisals is important. Learn about the variety of red flags you will encounter when reviewing loan files and how to identify fraud schemes. MGIC's recorded tutorial videos are available on-demand and at no charge, offering the guidance you need, when you need it. Success in mortgage lending starts with a high-performing team. Let's complete your profile. More and, more loan files reflect different types of, compensation. Access resources to First Time Home Buyers Education and Landlord Counseling. Visit our COVID-19 page for the latest information on our COVID-19 temporary underwriting guidance given the GSEs' updates on Feb. 15, 2023. 60-Minute Session Learn how to use the redesigned Uniform Residential Loan Application or URLA (also known as Fannie Mae Form 1003 and Freddie Mac Form 65), to process your loan application. See plans and pricing Sign in Create connections and drive engagement with webinars Get started Learn how to host webinars in Microsoft Teams and find helpful resources. View The Training Catalog Self-Employed Borrower Tools We get it, mental math is hard. The Arch MI Tax Return Analysis Calculator, Audience:Loan Originators, Processors andUnderwriters, The AMITRAC (Arch MI Tax Return Analysis Calculator) is an interactive and intuitive spreadsheet that follows the SAM method of tax return analysis. Collaborated with Genworth Sales Staff to strengthen customer relationships through training, to leverage customer decisions and to help ensure Genworth received a stronger book of business . 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. Are you ready for the potential surge of Construction-to-Permanent loans as a result? Quickly review the guidelines, requirements and submission options you need to service your MI-insured loans. IMPORTANT: Do not close this window until you enter the confirmation code. Keeping these cookies enabled helps us to improve our website and display content that is more relevant to you and your interests. 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. This personalized tool provides information to help you think about the median cost of care you may require in the future, and see how estimated future coverage may align with potential long-term care needs. At your fingertips: the latest bulletin announcements and MGIC news releases regarding industry changes. Enhance your reputation by aligning your market, message and media. We offer 2 different options for you when it comes to running management webinars for your leaders. Webinars Fulfill Your Training Needs with Webinars. Get the latest updates, industry trends, and guideline changes on GSE-related policies. First Class Training for administration and facilities roles. Planning is everything. While many things can affect a plan (COVID-19, anyone? Learn how to support your Mortgage Insurance (MI) origination and servicing needs, including Non-Delegated MI, Delegated MI, and Contract Underwriting. Effective September 18th, Fannie Mae will implement several new Desktop Underwriter (DU) changes that may have a direct impact on the loans in your pipeline. Available formats: Webinar,On-Demand Video, On-Site Training (Contact your Arch MI Account Manager), The First Step in Understanding Acceptable Qualifying Income, Audience:Loan Originators, Loan Processors, Jr. Underwriters. Understand the impact of mortgage fraud, how to spot it and how to prevent it. Our digital library includes learning modules, videos, frequently asked questions, demos . Confused about K-1s? 20-Minute Micro Session Our Essentials Training webinars are designed to deliver innovative, mortgage training courses to industry professionals like you. Customized marketing for loan originators, Explore the benefits of partnering with MGIC. capabilities that empower employees to create and execute on their development plans to be the most effective in their role and impactful to the business. Let us help you build, strengthen and educate your team. This short video will give you the info you need to know for your next construction loan review. Friday 9 AM-6 PM ET. Essentials of Mortgage Lending (1 or 2-Day Course), Understanding the Fundamentals of Home Loans. For more information about Genworth Training, contact your Genworth sales representative, call the Genworth ActionCenter at 800 444.5664, or you can view . Learn the key fields and information that can impact your borrower's loan application. Simplify your understanding of the most common liquid assets, industry guidelines, and required documentation. Year after year, customers value working with us. This training course will review basic concepts around property valuations, the various methods available to determine a property value, and key uses of property valuations. E-LEARNING & Previous Webinars Get easy access to National MI courses and our previously recorded webinars. Audience:Loan Processors, Loan Processors and Jr. Underwriters. Training Training Essentials Training Courses & Registration Class Calendar Self-Paced Learning Income Analysis Tools Collateral Analysis Tools Essentials Training Team Essentials Live Essent Training Guides Education for Homebuyers Training ESSENTIALS TRAINING Sign up for live webcasts, learn about key topics at your own pace or 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. Join us as we demonstrate types, break-even points and more. Expert Skills in group process facilitation, classroom instruction, and organizational effectiveness. Get access to essential resources that can help make your job easier. Our employees make a difference in people's lives every day. We deliver skill-building training programs and special events right to your desk through our webinars. Audience:Loan Processors andJunior Underwriters. TRID also regulates how much lenders can . 3. Arch MI is excited to bring you this important information with industry professional Ginger Bell. Starting an open and honest conversation with the people listed here will help create a plan that covers everyones needs. conducted on an ongoing basis to monitor employee satisfaction. In this webinar, Ginger Bell will demonstrate how to share your screen with borrowers via virtual meetings and record videos using Zoom. The pace of change in the marketplace has accelerated from fast to almost instantaneous. Learn how different storytelling techniques, presentation materials, and delivery styles can improve how you give presentations to others. For years, the. Toggle Nav. Radian Guarantys SplitEdge MI, commonly called a split premium, divides the MI premium flexibly, between an upfront payment, and reduced monthly payments! Monday-Thursday 8:30 AM-6 PM ET. SEB Borrower Workshop Explore our Course Catalog and contact your Radian Account Manager to schedule a session for your company. By using our website, you agree to our use of cookies. One type of reward we are seeing more frequently is the Restricted Stock Unit or RSU being used as qualifying income. With this demand, buyers are paying more than the home is being appraised for. This unique professional development opportunity provides insights on how to grow and expand your skills to achieve more happiness and success at home and work. We are committed to help you plan for your long-term care needs and to helping you make informed decisions. Suggested Prerequisite: Business Tax Returns 201, Unique Considerations for Partnerships and S Corporations. Correctly calculating income is fundamental to insuring a member qualifies for a loan. Available formats: On-Site Training (Contact your Account Manager), Five Steps to Better Goal Setting and Planning. 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 1. Learn how to navigate the AMITRAC in this short webinar, An Introduction to Business Tax Structures, Forms and Cash Flow, Audience:Loan Originators, Loan Processors, Underwriters. Five Verbs that are the specific skills to make you a more effective communicator. As an added bonus, youll learn how to overcome common loan challenges and a formula for getting exceptions approved. Learn some of the industry lingo while exploring the importance of Valid AUS Findings to the loan file. Processors andUnderwriters. Learn More. Learn the two things customers need to trust to do business with you, what bothers borrowers and Realtors the most about the loan process, and how to separate yourself and sound different from the competition. In April 2020 alone, there was a reported 10% decline in self-employed individuals. View Borrower Education NextGen, Multicultural, Multigenerational Our full-time trainers are mortgage industry experts. Learn simple techniques you can use to set loans up for success. Here is a list of some of our favorite free TRID training links: Free CFPB TRID Implementation Page. A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Give your loved ones the confidence of knowing they will always be cared for. 1065/K-1 Partnership Analysis (with Schedule F) - Self-Employed Borrower, 1065/K-1 Partnership Analysis Self-Employed Borrower, 1120 Corporation Analysis - Self-Employed Borrower, 1120S/K-1 S-Corporation Analysis - Self-Employed Borrower, Analyzing Income for the Self-Employed Borrower, DU Live! In addition to our extensive recorded course catalog and in-person training opportunities, Genworth also offers tons of live webinars where you can ask questions in real-time. in group process facilitation, classroom instruction, and organizational effectiveness. The real estate and housing markets are experiencing an unprecedented shortage of existing homes. With the increasing popularity of video content in marketing, webinars have become a go-to strategy for businesses looking to educate, engage, and convert their audience. In this 60-minute online workshop, you'll learn the why behind allowable add-backs in the cash flow analysis of investment property and receive hands-on practice using our Cash Flow Analysis Worksheet. One of our most important commitments is enriching the quality of life in our communities. Don't forget to check out our MI Loan Submission Checklistto help you with the loan process. Housing and Mortgage Market Review (HaMMR). To get started with ordering MI and servicing assistance from MGIC, begin with a review of our submission options and helpful resources. The temporary buydown is making a comeback, but do you know how it works? Success leaves clues. Strengthen your understanding of the industry with our self-paced education. Are you ready for your next loan file featuring an ADU? Looking for more info on MI Online or need to register as a new user? Login/Register Identifies the key areas to focus on in the Uniform Residential Appraisal Report. 10:00am (PT)
Join one of our live webinars or learn on-demand at your own pace. Whether you communicate in-person or online, with spoken words or written words, delivering a clear and compelling message is more challenging than ever. Learn how to calculate qualifying income using a cash flow analysis method. Modules focus on the Three Cs of mortgage lending, including credit, income, assets and collateral. Why National MI? You are protected Times and technology have changed creating a quicker, more cost-effective approach to the residential appraisal. Audience:Loan OriginatorsandMarketing Staff. In a world where working remotely is common, we need to change how we do business. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower. 60-Minute Session Its been discovered that motivated buyers will use the first person that calls them back 80% of the time. Our customer service team is here to help you and your family with claims or answer questions. Delivered by respected financial services industry experts, our webinars are timely, relevant and engaging. They also provide insight to help you better understand diverse homebuyers and their needs. Arch MI offers a mix of live and on-demand webinars and customized on-site training. Intended Audience: new loan officers, processors and other mortgage operations professionals. Learn more about all of the training courses Arch MI has to offer! Your guide to using mortgage origination and servicing tools. Bring your calculator and be ready to practice what you learn. Earn free PDUs! 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. With National MI University, you have access to training resources that cover more than just industry-leading topics. 11:00am (PT)
You can also watch this short video to learn more about the benefits or RADAR Rates for you and your borrowers and how to easily obtain rate quotes. We also offer a selection of on-demand webinars, also up-to-date, but that can be watched at your convenience. Are you ready for your next loan file containing RSUs? Our webinars, e-learning courses, and podcasts help you stay connected to your customers by providing relevant social media strategies, tips on increasing sales productivity, techniques for developing a growth mindset, and more. In this five-minute video, you will learn how the GSEs, Fannie Mae & Freddie Mac, are accepting the desktop appraisal. Understanding Loan Product Advisor - Advanced Guidelines and Updates, Updated Policy or Underwriting Changes or Clarifications, How to Determine if a Borrower Qualifies for the Program and its Benefits, Learn How to Properly Calculate Assets and Reserves for Mortgage Loans, Understand Fannie Mae's HomeReady Loan Program, Best Practices in Avoiding Common Underwriting Errors, Review Common Mistakes and Learn How to Avoid Them, Review of Partnership Income Form 1065 with Schedule K1, Fannie Mae 1084, and Review the K-1, 1065 and Solvency Test, Verify Sufficient Funds to Close by Completing the Two Examples, Review Different Types of Income and the LES (Leaving & Earning Statement), Review and Calculate Miscellaneous Employment Income, Bonus, Overtime, Commissions, Seasonal Income, Unemployment, Temporary Leave, Review S-Corporation - Form 1120S and 1040 with W2 and K1.