Mortgage Underwriting Problems & Solutions Mastercourse

Mortgage Underwriting Problems & Solutions Mastercourse
Published 2/2025
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz

Master Real-World Residential Mortgage Challenges. Expert Techniques for Underwriters, Loan Processors, & Loan Officers

What you’ll learn

Mortgage Underwriting Basics – Understand the role of an underwriter and the key responsibilities in loan approvals.

Loan Types and Guidelines – Learn the differences between Conventional, FHA, VA, USDA, ITIN loans, DSCR loans, and Non-QM loans, and how to underwrite each.

Analyzing Borrower Credit Reports – Identify credit red flags, calculate credit scores, and determine borrower creditworthiness.

Loan-to-Value Ratio (LTV) & Down Payments – Understand LTV calculations, required down payments, and loan limits based on program guidelines.

Debt-to-Income Ratio (DTI) Calculations – Learn how to properly calculate front-end and back-end DTI ratios and how they impact loan approvals.

Handling High DTI or Low Credit Scores – Learn compensating factors and strategies to approve challenging loan files.

Underwriting for Investment Properties & Multi-Unit Homes – Understand how to evaluate rental income and property cash flow analysis.

ITIN Loans & Foreign National Borrowers – Learn how to underwrite ITIN loans for borrowers who do not have a Social Security Number and how to verify their inco

Learn how to identify and prevent potential fraud.

Work through practical case studies to solidify your skills.

Understand how to handle complex or borderline loan scenarios.

Learn the key strategies to underwrite residential mortgage loans.

Learn how to become a problem solver to become more valuable to your company!

Requirements

Description

Overview

Section 1: Underwriting problem solving introductory difficulty level scenarios

Lecture 1 Welcome to this course!

Lecture 2 Introduction to getting loans approved and how to proceed with this course

Lecture 3 Loan scenario problem 1: Inconsistent income with considerable tax deductions

Lecture 4 Loan scenario problem 2: Unverifiable self-employed income

Lecture 5 Loan scenario problem 3: DTI above what is above maximum allowed

Lecture 6 A quick interruption

Lecture 7 Loan scenario problem 4: DTI is borderline due to the interest rate

Lecture 8 Loan scenario problem 5: Using seller credits to cover buyers closing costs

Lecture 9 Loan scenario problem 6: Refinance to pay off credit card debt

Lecture 10 Loan scenario problem 7: Refi with social security, retirement, rental income

Lecture 11 Loan scenario problem 8: Refinancing from an FHA to Conventional loan

Lecture 12 Loan scenario problem 9: Refinancing from a 30 yr to a 12 yr fixed mortgage

Section 2: Underwriting problem solving intermediate difficulty level scenarios

Lecture 13 Loan scenario problem 10: Using a Profit and loss statement to refinance

Lecture 14 Loan scenario problem 11: Asset depletion loan qualification

Lecture 15 Loan scenario problem 12: Refinancing with an ADL

Lecture 16 Loan scenario problem 13: Resolving the lack of US credit history

Lecture 17 Loan scenario problem 14: Foreign national loan refinance transaction
Lecture 18 Loan scenario problem 15: Debt consolidation via a HELOC

Lecture 19 Loan scenario problem 16: High-value home equity line of credit

Lecture 20 Loan scenario problem 17: Using a HELOAN instead of refinancing

Lecture 21 Loan scenario problem 18: Too much personal debt and property taxes are due

Section 3: Advanced level underwriting problem solving scenarios

Lecture 22 Loan scenario problem 19: Elderly borrower needs additional monthly income

Lecture 23 Loan scenario problem 20: Reverse mortgage to cover medical expenses

Lecture 24 Loan scenario problem 21: Insufficient income to cover elderly cost of living

Lecture 25 Loan scenario problem 22: Self-employed tax deductions resulting in a low income

Lecture 26 Loan scenario problem 23: Tax returns show low taxable income – Copy

Lecture 27 Loan scenario problem 24: No social security number or citizenship

Lecture 28 Loan scenario problem 25: Does not qualify for an FHA or conventional loan

Lecture 29 Congratulations on completing this course