Know it all – at work, at home or on the road with AllRegs Academy Online Courses.
Get the most current industry training content, available 24/7, anytime, anywhere you have a computer and an Internet connection. You can access training materials at your convenience and complete courses at your own pace. Download your certificate of completion upon successfully completing the course. It’s never been easier to learn skills and concepts that you can immediately apply to your day-to-day activities.
Course Description: Today there are countless types of scoring models that have been developed for mortgage lenders as well as credit card companies, auto financing, insurance companies, telecom industries and many others. This has created a lot of confusion on what is actually in a credit score. Within this course, Credit Scoring Basics, we focus on the widely accepted practices used by the three national repositories’ scoring models when generating a credit report for mortgage purposes.
Course Description: Processing and Underwriting Credit describes the credit processing function as the ordering and reviewing of the report as well as investigating, correcting and documenting incorrect information. Credit underwriting is the ability to identify the amount of risk reflected in the credit history and understanding how to weigh this risk with the other characteristics of the loan. This includes working with automated underwriting systems as well as making traditional loan decisions manually.
Course Description: You may know a lot about repairing a customer’s credit through personal experience. There is a significant amount of credit improvement information available from consumer groups, credit reporting agencies, and big name financial celebrities. Credit Score Improvement Planning includes instruction on how to manage your legal liabilities as a mortgage professional and has been written by and for mortgage professionals to help serve the best interest of the consumer.
Course Description: This course is designed to provide a basic education of the residential mortgage loan process from receipt of an application from a loan originator through closing. The content addresses all types of lending and mortgage loan processes. In this course you will learn the steps and details of the mortgage loan process along with the key players involved in the development of a loan. You will also learn insightful tips and best practices for processors.
Course Description: Processing Income and Assets is designed to provide a basic education of the income and asset documentation and underwriting requirements of a conforming residential mortgage loan as well as provide tips on preparing a quality loan for submission to underwriting.
Course Description: The Regulatory Compliance for Processors course is designed to help mortgage processors develop an understanding of the basic federal forms and procedures required from application and processing for first mortgage transactions.
Course Description: Appraisal is an important part of the mortgage process. Understanding the appraiser’s role, responsibilities and processes will help you better serve your customers and help identify and prevent mortgage fraud. In the Appraisal Procedures course, you will first learn what lenders need to know about appraisers. You will learn about the qualifications one must meet to become an appraiser, review best practices of an appraiser in the field and review types of mortgage fraud and current fraud trends. Next, you will take a look at the valuation process, from defining important terms, understanding appraiser responsibilities during the process, explaining the Scope of Work Rule of USPAP and more.
Course Description: As an underwriter or compliance professional, when you are asked to formally review the Uniform Residential Appraisal Report (URAR) Form, it will be necessary to reference USPAP standards, industry standards (Fannie Mae, Freddie Mac, FHA, VA) or even your company’s own lending standards. You’ll also need to identify if the appraisal meets standards for special loan programs such as the Rural Housing Service or some sort of assisted housing during your review. AllRegs Academy’s Reviewing the Uniform Residential Appraisal Report (URAR) Form course will help clarify these standards and teach you how to work with the URAR. This course focuses on the URAR, also known as Fannie Mae form 1004 (March 2005 version). Common areas of weakness will be illustrated, and hints and tips will be dispensed, section by section of the form. You will learn what to look for and how to judge the adequacy and accuracy of the report.
Course Description: As an underwriter or compliance professional, you may need to review specialized Fannie Mae forms, such as the Condominium, Manufactured Housing or Small Residential Income Property Appraisal Report. In this course, Reviewing Specialized Fannie Mae Forms, you will take an in-depth look at these forms. The course will review each form in detail, defining related terms, identifying the nuances of each type of ownership, listing the differences between the forms, and explaining how to complete the forms.
