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Webinar steps Before the webinar The organizer: Schedules the webinar well in advance, usually by several weeks. Todays employers have found unique ways to, compensate or reward their employees. Mortgage professionals participating in this course will learn Agency guidelines for income calculation and documentation. 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. Our full-time trainers are mortgage industry experts. Visit our Training catalog to register for an account using your NMLS ID. 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. 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. This website uses cookies so that we can provide you with the best user experience possible. This short video highlights some benefits, terms, and scenarios for your understanding. 2, 8th Floor. Educate, optimize and streamline your lending process with MGICs vast library of tools, resources and marketing materials. Looking for more info on title services? Increase your knowledge of fraud by understanding what defines it and how it impacts the mortgage industry. (Established professionals may also find this course a good refresher.). Learn the 3 big benefits of proving liquidity in your self-employed borrowers businesses. 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. Intended Audience: Mortgage professionals seeking fundamental knowledge of asset documentation and various types of acceptable assets for qualifying for a mortgage loan. by supporting specific courses, continuing education and designations necessary for our technical professionals to maintain the most current information for their area of expertise. The temporary buydown is making a comeback, but do you know how it works? Analyzing Appraisals for Single Family Residences, Identifying the Key Areas of the Uniform Residential Appraisal Report, Audience:Loan Processors and Underwriters. by providing an environment where employees can share their expertise in a manner that is timely, easily understood, and fosters their role as a trusted advisor to our business leaders. 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. To view the calendar with all webinars click here. 3. Audience:Loan Processors andJunior Underwriters. ), the act of planning is where the value is. Mortgage fraud has been around a long time and it continues to be one of the fastest-growing crimes in the United States. We'll review multiple Schedule C examples and complete a cash flow analysis for each. This will include an overview of how it works, the different types of MI products and how it can be cancelled on a mortgage loan. *The Coverage Needs Estimator is not available for all policy forms. Self-Employed Borrower Form 91 Part I - The Personal Tax Return Webinar April 17, 2023 @ 12PM EST Self-Employed Borrower Form 91 Part II - The Business Tax Return Webinar April 24, 2023 @ 12PM EST Navigating Mutual Threats & Opportunities with your Realtor partners Guide in understanding customers and their needs . 20-Minute Micro Session 60-Minute Session Making the Loan Application Process Easier, Audience:Loan Originators and Loan Processors. 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. Todays employers have found unique ways to compensate or reward their employees. Financial Professionals login optionsopens in new window, MyCarescout Login Here is a list of some of our favorite free TRID training links: Free CFPB TRID Implementation Page. Learn how to put our powerful solutions to work for your business. Use Rate Express to compare your MI quote to FHA. 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. Led by our team of experienced educators, youll get hands-on, practical training on topics that are relevant to your everyday operations. We deliver skill-building training programs and special events right to your desk through our webinars. Select Download Format Genworth Calculator And Quick Reference Guide Download Genworth Calculator And Quick Reference Guide PDF Download Genworth Calculator And Quick Reference Guide DOC Site is lenders, and enforceable mortgage insurance We have committed to developing our employees because these changes in the marketplace require new competencies. In a world where working remotely is common, we need to change how we do business. Mortgage Fundamentals is an essential course for those newer to the mortgage industry. Monday-Thursday 8:30 AM-6 PM ET. Strategic Business Partnerships with Genworth functions, businesses, human resources managers, and talent development leaders. to make learning and development activities more flexible, global, cost effective, and engaging. Using real world examples, participants will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. In addition to helping our employees with their training, leadership, and development needs, we also partner with various learning and development companies to help our employees drive their business performance. Arch MI offers a mix of live and on-demand webinars and customized on-site training. Building Your Business with Webinars, Facebook Live Events and YouTube. Check out our latest posts below, and be sure to listen in to our latest episode. 1-Day Course:This one-day hands-on fundamentals course delivers information that you can use to be a successful mortgage industry team member. View Borrower Education NextGen, Multicultural, Multigenerational (888 436.9678) Monday - Thursday: 8:30 AM - 6 PM ET. 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. Live webinar training is also designed to accommodate busy employees who wish to extend their knowledge in different areas during the workday. In this session, youll learn: Available formats: Webinar (Contact your Account Manager), On-Site Training (Contact your Account Manager), Ten Tips That Turn the Tide in Your Favor, Audience:Loan Originators and Mortgage Management Professionals. The thought of purchasing a home might be daunting for many. As more employees move to work from home, companies are investing in tools and technologies that support a remote work environment. Employee Engagement Survey conducted on an ongoing basis to monitor employee satisfaction. This course will help you strengthen your mortgage skills and knowledge. Learn more about all of the training courses Arch MI has to offer! Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. MGIC's recorded tutorial videos are available on-demand and at no charge, offering the guidance you need, when you need it. Keeping these cookies enabled helps us to improve our website and display content that is more relevant to you and your interests. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower. Our R70i Aging Experience is a new way to start the conversation about long term care. 10:00am (PT) For years, the mortgage and real estate industries relied solely on the traditional appraisal report. For example, in April 2020 alone, there was a reported 10% decline in self-employed individuals, causing a direct impact on your borrower . Earn free PDUs! In this session, plan to take inventory of your connections and identify whom you want to re-engage with and how. Arch MI trains mortgage professionals to compete in todays fast-paced lending environment. In this mini-workshop we will discuss the basics of income calculation, including base, bonus, overtime and commission. In this course, we will introduce the various business structures, the tax forms used to report business income and demonstrate how income flows from business to personal tax returns. Interest rates are rising! 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. Available formats: Featured Webinar,OnDemand Video. The following Genworth training webinars deliver the advantage of a live instructor with the convenience of learning right from your desk. Get an overview of The Three Cs of mortgage banking including income/employment, assets/reserves and ratios. You will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. Knowing these costs is a first step in helping you plan for the future. Discover how our homebuyer education program can connect you with more potential borrowers. At your fingertips: the latest bulletin announcements and MGIC news releases regarding industry changes. Genworth values all perspectives, characteristics and experiences so that employees are able to bring their full, authentic selves to work to help each other and our company succeed. Gain industry knowledge and essential skills from the experts at MGIC, the industrys leading mortgage insurance authority. Toggle Nav. Participants will receive our cash flow analysis tools, a cash flow worksheet (PDF) and calculator (Excel) to help you in your daily practice. In this course, we will dive into the fundamentals of self-employed borrower income calculation, including allowable add-backs and required deductions. Session 3 - Evaluating Credit, Capacity, Capital & Collateral. Participants learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. 10:00am (PT) In less than 10 minutes, we will define it, discuss Desktop Underwriter as it relates to trended credit data and talk about the impact that trended credit data will have on Arch MI-insured loans. Click here. Arch MI offers a mix of live and on-demand webinars and customized on-site training. Live Webinars. Selecting this will open a country selector model view. Learn the mathematical formulas for five key ratios used to assess the risk associated with mortgage loans. 60-Minute Session Skip to Main Content This practical, hands-on course is designed to walk the participant through a thorough analysis of self-employed borrower income by completing a full cash flow analysis. 800-444-5664 action.center@enactmi.com EnactMI.com ABOUT US There's no place like home. That's why we bring our deep expertise, insightful offerings and extra mile service to work every day to help lenders bring the dream of homeownership to more people. Intended Audience: Mortgage professionals who have at least one years underwriting experience and a solid understanding of the various business structures and tax forms. Our goal is to offer competitive pricing using risk-based technology while delivering outstanding service to our lender customers. 20-Minute Micro Session Login/Register So how do you assist your next borrower and help them purchase the home of their dreams? Free CFPB & Federal Reserve TRID Webinars The mortgage industry is starting to see the documentation reflecting those impacts in loan files. Genworth has surveyed providers of various types of care across the country for 18 years. It's not rocket science, so why can't this be you? Build organizational capability and employee engagement by enhancing: Business Acumen by ensuring employees have a deep understanding of our industry, business, and customers, as well as applying that knowledge in their role. 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. The practice exercises include various salaried, military, teacher and non-taxable income scenarios. 20-Minute Micro Session This Learning Center page provides resources and training on originating & underwriting loans, Fannie Mae's underwriting applications, and best practices to help you get the most out of Fannie Mae mortgage products, the Selling Guide and technology applications. 2023Essent Guaranty, Inc. All Rights Reserved. As an added bonus, youll learn how to overcome common loan challenges and a formula for getting exceptions approved. His podcasts present smart tips, expert guidance and innovative approaches that can transform your prospects. Sharing your expertise via online webinars helps establish you as a trusted financial advisor to a wide audience. Do you and your borrower's know the options to bridge the gap between the purchase price and the appraised value? Practice determining frequency of pay and how to accurately qualify your salaried borrowers. The Global Learning & Development team offers our employees opportunities to grow and develop in and out of the classroom. This stimulating presentation will get you thinking through the next steps to your best year yet. Contact Customer Service. Webinar Materials: https://www.mgic.com/training/seminar-materials/appraisal During this webinar, you will get the tools you need to help build and strengthen your appraisal evaluation skills. 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 . Planning is everything. While many things can affect a plan (COVID-19, anyone? To request on-site training, please contact yourArch MI Account Manager. support Construction-to-Permanent transactions. National. But the system offers much more. Participants will also learn how Validation services and third-party vendors are available to help us properly document a loan file. Watch Webinar Recording Self-Employed Borrowers - Focus on Corporations and Financial Statements This webinar was recorded on January 26, 2023. Learn when and why social media can benefit your business, including tips on driving lead generation. Whether you communicate in-person or online, with spoken words or written words, delivering a clear and compelling message is more challenging than ever. Browse Classes CLASS CALENDAR This hands-on course includes analysis for a PARTNERSHIP (1065/K-1) using a cash flow analysis method. to the residential appraisal. Get the latest on regulations, GSEs and Fannie Mae and Freddie Mac policies. ----Course title center---/> ----Course title center---/> ----NAV BAR---> Home; Getting Started; My Progress; Catalog; Live Calendar; Calculators; EnactMI.com More and, more loan files reflect different types of, compensation. Planning your presentation can help your delivery appear more natural and engaging. Delivered by respected financial services industry experts, our webinars are timely, relevant and engaging. 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. 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. both public and private, who buy the mortgage notes.. In this short video, Radian National Training will touch on how these fixtures can impact the mortgage process. Navigating and Evaluating Personal Tax Returns, Audience:Loan Originators, Loan Processors and Underwriters. with Genworth functions, businesses, human resources managers, and talent development leaders. 60-Minute Session Expert Skills in group process facilitation, classroom instruction, and organizational effectiveness. Learn how to calculate qualifying income using a cash flow analysis method. Five Values that establish your intentions and ensure your communication is understood and acted on. Login to track the status of your submitted claims and payments. 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. Year after year, customers value working with us. How to Read AUS Findings Like a PRO, Paystubs - Frequency & Formulas (Micro Session), Quick Tips for Bonus/Overtime (Micro Session), Schedule C - Why Line Items Matter (Micro Session), The Nuts & Bolts of Rental Income: Solving & Simplifying the When & How, Understanding Business Liquidity (Micro Session). 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. Creating an outline for your webinar content is easy if you already have a goal in mind. Enhance your understanding of self-employed borrowers and develop an understanding of the components of business tax returns. Indexes, margins, caps and more3/6, 5/6, 7/6 to explore. Get the latest updates, industry trends, and guideline changes on GSE-related policies. 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). Friday 9 AM-6 PM ET. Intended Audience: new loan officers, processors and other mortgage operations professionals. Learn simple techniques you can use to set loans up for success. Now is the time to learn more about the ARM and how it can be beneficial to many. Reviewing and Understanding the Basics of Tax Returns, Audience:Loan Originators, Jr. We design our products around what you need, whether youre just starting out or facing the issues of aging. Financial Professionals login optionsopens in new window, MyCarescout Login Pilson, Timmie (Genworth) Created Date: 10/27/2010 3:33:25 PM Other titles: Income Calculation Worksheet Company: GMAC ResCap . The case study includes analysis for apartnership (K-1/1065)and a corporation (1120). We do this by providing private mortgage insurance to low down-payment borrowers while protecting lenders and investors against losses related to default. Audience:Loan Processors, Loan Processors and Jr. Underwriters. Start your day smarter. Whether you are a seasoned mortgage professional or new to mortgage lending, this video contains a lot of useful information to ensure success when working with Radian. In this five-minute video, you will learn how the GSEs, Fannie Mae & Freddie Mac, are accepting the desktop appraisal. 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. Why National MI? 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. I am fortunate to provide education and support to Advisors nationwide regarding the importance of LTC Planning and the various of solutions . Learn the five-step GRASS method, three common mistakes to avoid and the most important (and sometimes the most difficult) thing your plan should include. Performance cookies collect information about how you use our website, which helps us improve functionality and your user experience. Coming up Build Engaging Presentations. Selecting this will open a country selector model view. However, there are many resources, including required educational opportunities, available to help a new buyer navigate this process from start to finish. 60-Minute Session Understand and calculate basic types of borrower income, including second job and multiple job borrowers, contractual employees, base pay, overtime, and more. Online virtual meetings are essential to successfully communicating with your customers and partners. Properties with solar panels are becoming increasingly common and can have a big impact on mortgage financing. Processors andUnderwriters. Learn how to support your Mortgage Insurance (MI) origination and servicing needs, including Non-Delegated MI, Delegated MI, and Contract Underwriting. Let's complete your profile. Are you ready for your next loan file containing RSUs?