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The Mini-Series short videos cover each section of Pro Series 1 "How to Complete URLA" and every requirement from Pro Series 5 "The 24 Underwriting Requirements."
This powerful resource is designed to provide easy reference whenever you need it, allowing you to confidently navigate the complex world of mortgage lending.
Save 20% on either individual video or bundle.
Videos each running for approximately 30 minutes, available February 19, 2024 are $37 each.
We have 2 Mini-Series available - URLA Forms & Underwriting Requirements.
Select a series to purchase individual courses:
Underwriting Requirements
VR1 - Credit Scores
(watch intro video)
Learn why a Tri-Merge credit report is essential to calculate the D.T.I. ratios and how the scores impact the interest rate.
VR2 - Debt to Income Ratios
(watch intro video)
What are the approval ratios of D.T.I? How to cure high debt ratios for loan approval.
VR3 & 4 - Borrowers & Marital Status
How to analyze an application with multiple borrowers and their marital status? Which of their income and assets to use to qualify?
VR5 - Purpose - Purchase or Refinance
Understand the different underwriting requirements between a purchase and a refinance loan.
VR6 - Subject Property
Determine which property is the subject property depending on the purpose of the loan application.
VR7 - Occupancy- Owner or Non-Owner
Understand how the occupancy status affects the interest rate.
VR8 & 9 - Employement & Income
What are the requirements for employment, how to calculate income, and how to qualify borrowers with seasonal jobs and income.
VR10 & 11 - Assets & Sources of Funds
What are other assets than cash to use for down-payment and closing costs? Which loan products allow the cash-in-hand as sources of funds, and how to comply with the requirements.
VR12 - Liabilities
Identify which liabilities to exclude from the debt ratios to qualify borrowers.
VR13 & 14 - Loan Amount & Loan-To-Value(LTV)
What are the loan limits for each type of loan product? What are the requirements for LTV?
VR15 - Loan Products-Coventional, Fha, Va...
Learn about a few hundred loan products from Fannie, Freddie, FHA, and Non-QM investors to close more loans. How to choose a loan product best fits the loan scenario
VR16 & 17 - Interest Rate & Term
Learn how the interest rate and loan term change according to the loan scenario.
VR18 - Property Type
What loan products and requirements are available to other types of property than single-family residences?
VR19 - Loan Programs-Fixed and Arm Rates
What type of loan programs to select for a specific property and loan purpose. Learn whether a fixed or ARM rate will benefit the borrowers based on their financial goal.
VR20 - Real Estate Shedule
Learn to qualify borrowers having multiple properties and which loan products are available to real estate investors.
VR21 - Citizens and Non-Citizens
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