In this five-minute video, you will learn how the GSEs, Fannie Mae & Freddie Mac, are accepting the desktop appraisal. 2023Essent Guaranty, Inc. All Rights Reserved. This hands-on course includes analysis for a CORPORATION (1120) using a cash flow analysis method. Gain quick access to the latest underwriting guidelines for MGIC mortgage insurance. Login to track the status of your submitted claims and payments. You are protected We use cookies to give you the best experience on our website. Find out why line items matter on a Schedule C! 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 . Third-party cookies include performance cookies and targeted or advertising cookies. (Established professionals may also find this course a good refresher.). Friday 9 AM-6 PM ET. Intended Audience: new loan officers, processors and other mortgage operations professionals. Contact Us Contact Us 888 GENWORTH(888 436.9678) Monday-Thursday8:30 AM-6 PM ETFriday9 AM-6 PM ET Contact CareScout at 800 571.1918 Search Search Genworth.com Aging & You Go BackAging & You Aging & Your Health Go BackAging & Your Health Hearing Impairments Vision Simulation Mobility Challenges Aging & Your Family In a world where working remotely is common, we need to change how we do business. Check out our latest posts below, and be sure to listen in to our latest episode. This video series, featuring Rene Rodriguez, will tackle some of your most complex challenges with simple steps that lead to positive results. The First Decision Approval video covers all the key underwriting documents required to obtain an MI Approval for non-delegated submissions. Skip to Main Content These cookies dont collect information that identifies you personally as a visitor. Learn how to put our powerful solutions to work for your business. in group process facilitation, classroom instruction, and organizational effectiveness. Our customer service team is here to help you and your family with claims or answer questions. By Letter: Genworth Financial-SIU. 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. Learn about the variety of red flags you will encounter when reviewing loan files and how to identify fraud schemes. Not surprisingly, many of the traits shared by high-achievers are common-sense in theory, but not necessarily common practice (otherwise, everyone would be a high-achiever, right?). 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. with Genworth functions, businesses, human resources managers, and talent development leaders. 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. Bring your calculator and be ready to practice what you learn. Build your core knowledge of the overall mortgage lifecycle, key terminology, loan products, and more! 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. 30-Minute Session Whether you are an originator or an underwriter, we have the resources and answers you need to understand how mortgage insurance can benefit you and your borrower. 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 second course of the Back to Basics Income Fundamentals series, we review documentation requirements, explore the components of paystubs and W-2s, discuss how to determine pay cycle frequency and provide an overview of mandatory payroll deductions. Embed Size (px . These fees may have a direct impact to both lenders and borrowers. This course provides home buyers, borrowers, lenders, and professionals in the mortgage industry an overview of key Title essentials, and answers to Title-related questions. Review 8 FAQs about assets and get the answers! Before your next file review, be sure you know what to expect. The course is designed for the participant to gain an understanding of eligible and ineligible sources of funds, interested party contributions (IPCs), large deposits, business assets, reserves and acceptable documentation for assets. Housing and Mortgage Market Review (HaMMR). In this course, we will dive into the fundamentals of self-employed borrower income calculation, including allowable add-backs and required deductions. Forgot password? Click here. 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. Delivered by respected financial services industry experts, our webinars are timely, relevant and engaging. WITH RESPECT TO THESE MATERIALS AND THE RELATED TRAINING. More and more loan files reflect different types of compensation. 24/7 access Online library of interactive courses 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 Explore On-Demand Foundation On-Demand Series Financial Professionals login optionsopens in new window, MyCarescout Login 30-Minute Session We offer 2 different options for you when it comes to running management webinars for your leaders. Click here. 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. When determining whether a webinar is the best medium for your needs, consider. Join one of our live webinars or learn on-demand at your own pace. Leading the private mortgage insurance industry by supporting our customers and helping borrowers find a better way to achieve their dreams of homeownership. Knowing these costs is a first step in helping you plan for the future. This module will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. 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. You are protected You can find out more about which cookies we are using or turn them off at any time in settings. Our new training option offers brief, focused videos to increase your knowledge in 15 minutes or less! Want to close more loans FASTER? Our R70i Aging Experience is a new way to start the conversation about long term care. Times and technology have changed creating a quicker, more cost-effective approach to the residential appraisal. Skip to Main Content Calculating income for self-employed borrowers is an ongoing challenge. Arch MIs accredited public speaker and industry expert, Blaine Rada, will share his story of personal challenge and valuable lessons gained during his month-long trek across Spain, unplugged from modern life, technology and the nine-to-five routine. Radian Guarantys SplitEdge MI, commonly called a split premium, divides the MI premium flexibly, between an upfront payment, and reduced monthly payments! Correctly calculating income is fundamental to insuring a member qualifies for a loan. In this course, we will focus on the unique considerations of Sole Proprietorships and Corporations. We're committed to making a difference in our employees' lives. Let's complete your profile. Never heard of SplitEdge? 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. Mortgage professionals participating in this course will learn Agency guidelines for analyzing variable income in addition to learning how to identify potential sources of variable income. Practice determining frequency of pay and how to accurately qualify your salaried borrowers. 60-Minute Session The temporary buydown is making a comeback, but do you know how it works? Arch MI is excited to bring you this important information with industry professional Ginger Bell. 2023 Genworth Financial, Inc. All rights reserved. At no additional cost to you or your borrower, upon closing, borrowers can select one of three benefits to add another layer of security to their lives. Our financial products are offered/underwritten by one or more of the following:Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York (only Genworth Life Insurance Company of New York is admitted in and conducts business in New York); Genworth Mortgage Insurance Corporation;Genworth Mortgage Insurance Corporation of North Carolina; Genworth Financial Assurance Corporation. Quickly refresh or expand your industry knowledge and skills with our new Magic Minutes training series, Evaluating & Calculating Borrowers Income. Now is the time to learn more about the ARM and how it can be beneficial to many. Monday-Thursday 8:30 AM-6 PM ET. Best-selling author, Jennifer Powers, joins professional podcaster, Mark Tucker, for a 5-part series on Emotional Intelligence. Year after year, customers value working with us. 30-Minute Session Allowable add-backs and required deductions will be discussed, and well demonstrate how to calculate income from various business structures, introducing you to the Arch MI Tax Return Analysis Calculator (AMITRAC), the industrys most user-friendly Schedule Analysis form. An alternative to FHA financing, HomeReady is designed for creditworthy, low-to moderate income borrowers and includes expanded eligibility for financing homes in designated low-income, minority and disaster-impacted communities. This Timely Topics video will help you better understand those changes and impacts. Available formats: Webinar,On-Demand Video, The Basics of Self-Employed Borrower Income Calculation. It requires that our employees embrace the need to regularly evaluate their own knowledge and skill sets. This webinar was recorded on January 24, 2023. As an added bonus, youll learn how to overcome common loan challenges and a formula for getting exceptions approved. Learn about the various tax returns and forms in this introductory class. In this step, you'll start putting together your webinar outline and lay down the groundwork i,e. Identifies the key areas to focus on in the Uniform Residential Appraisal Report. 10:00am (PT) Learn how to navigate the new Uniform Residential Loan Application (URLA), also known as the Fannie Mae Form 1003 and Freddie Mac Form 65. Sagen offers professional development workshops that . Select a course category below to see what topics are offered under each and how to access: Learn about Mortgage Insurance (MI): What it is, how it works, why it provides value to lenders, investors, borrowers and how it helps build a path to homeownership! This hands-on course includes analysis for a PARTNERSHIP (1065/K-1/Schedule F) using a cash flow analysis method. What is Trended Credit Data? We design our products around what you need, whether youre just starting out or facing the issues of aging. 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. I always walk away with something, even if it's a little tip or trick, from every MGIC webinar.. Training Resources Get instant access to the tools, guidance and training materials for our professional education courses. Intended Audience: Mortgage professionals who have at least one years underwriting experience and a solid understanding of the various business structures and tax forms. of training needs analysis, design, and development. Interpersonal Skills 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. Jun 2016 - Present6 years 10 months. Let us help you build, strengthen and educate your team. 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 Long Term Care Insurance Forms, Life Insurance Forms, or Annuities Forms. 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. 1. Strategies for Achievement Learned on a 500-Mile Trek Across Spain. In addition, registered users can also sign up for email and text notifications, elect to go paperless, assign a delegate for your policy and much more. During this session, we will break down K-1s for both Partnerships and S Corporations and demonstrate how to calculate qualifying income. 60-Minute Session Join "LinkedIn Whisperer" Brynne Tillman for session three of the "Mastering LinkedIn for Mortgage Professionals" series where shell uncover a crucial aspect of social selling. Learn how to calculate qualifying income for a self-employed borrower. The pace of change in the marketplace has accelerated from fast to almost instantaneous. Reviewing and Understanding the Basics of Tax Returns, Audience:Loan Originators, Jr. In this course you'll learn the basics of mortgage insurance. Online virtual meetings are essential to successfully communicating with your customers and partners. Get the latest updates, industry trends, and guideline changes on GSE-related policies. If you have ever thought to yourself, how does she get it all done or how does he have time to attend classes while working full time, then this course is for you. A webinar can be a powerful training and outreach tool, but the decision to use a particular tool should be based on your goals and the needs of your audience. Strengthen your understanding of the industry with our self-paced education. At your fingertips: the latest bulletin announcements and MGIC news releases regarding industry changes. Login/Register In a world where working remotely is common, we need to change how we do business. Learn on the go with the Radian National Training On Air podcast series. This website uses cookies so that we can provide you with the best user experience possible. 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. In this short video, we will demonstrate how to notify Radian of a servicing transfer. While we hope that you will find our free TRID training resources on this site beneficial, we wanted to also provide you with a few other free TRID training resources that might be beneficial to you. 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. That's why we've expanded on the GSE's nontraditional credit guidelines to create accessibility for underserved, yet credit-worthy borrowers. Don't forget to check out our MI Loan Submission Checklistto help you with the loan process. Learn how to activate borrower paid deferred MI with the click of a button! Learn why line items matter on a Schedule C so you can properly make cash flow adjustments when analyzing the borrower who is a sole proprietor of a business. Learn more about all of the training courses Arch MI has to offer! FHA or Enact MI? As more employees move to work from home, companies are investing in tools and technologies that support a remote work environment. You will also be pointed to helpful resources that you can utilize. Get access to essential resources that can help make your job easier. Success in mortgage lending starts with a high-performing team. Learn how to support your Mortgage Insurance (MI) origination and servicing needs, including Non-Delegated MI, Delegated MI, and Contract Underwriting. Today its essential to meet with borrowers virtually and show howhow to upload documents, review conditions or appraisals is important. E-Learning: Remote Work Series. But the system offers much more. Webinars, on the other hand, are more controlled, and the participants have clear roles: One or several experts (the presenters) share their ideas or provide training to an audience (the attendees). Conventional loans are much more common than government-backed financing. Fine-tune your communication skills to improve sales performance. IN NO EVENT SHALL GENWORTH BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER WITH RESPECT TO THE TRAINING AND THE MATERIALS. Gain industry knowledge and essential skills from the experts at MGIC, the industry's leading mortgage insurance authority. 12:00pm (PT) 872012 Genworth Financial, Inc. All rights . Various income sources, from Social Security to interest income and capital gains, will be discussed as well as income trending and non-taxable income. Gain industry knowledge and essential skills from the experts at MGIC, the industrys leading mortgage insurance authority. In this mini-workshop we will discuss the basics of income calculation, including base, bonus, overtime and commission. Accessory Dwelling Units or ADU's are becoming more common in mortgage transactions, yet many are unaware of the specific guideline requirements for this type of property. 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. Dubai is different than Dallas, for example . Mortgage fraud has been around a long time and it continues to be one of the fastest-growing crimes in the United States. Visit our Training catalog to register for an account using your NMLS ID. 90-Minute Session 30-Minute Session Just use the dropdown menus to find the webinar or local event that's right for 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. self-paced training, timely videos, podcasts, and instructor-led live webinar sessions. Home Suite Home is an exclusive Enact program that helps your borrowers feel more secure in their new home. Discover, the keys to having your best year ever, the most important (yet often missing) part of the formula for success, and disciplines you often dont think about. With National MI University, you have access to training resources that cover more than just industry-leading topics. Want to gain a better understanding of earnings, distributions and liquidity analysis? Selecting this will open a country selector model view. Understand how to manage your long term care insurance claim by learning what to expect, understanding the claims process and what happens next. 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. 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. Learn More. From setting realistic expectations, to understanding what drives borrower satisfaction, youll discover how to invest your time and effort for maximum return. 550 East Swedesford Road Suite 350 Wayne, PA 19087 . Essentials of Mortgage Lending (1 or 2-Day Course), Understanding the Fundamentals of Home Loans. Youll learn how to identify the types of individuals you could most likely conflict with, redirect conversations to a positive conclusion, and create alignment between you and the person you are experiencing a conflict with. Our webinars feature international thought leaders presenting insight, ideas and advice. This video will provide the details you need for that next customer conversation. Most webinars grant participants access to the webinar series upon completion of the live webinar. ESSENTIAL. High demand and low inventory are driving purchase prices well above the list price. Use Arch MI resources to assist you in your loan processing review. The webinar can be on-demand or streamed live as long as it teaches viewers about a certain subject of interest or how to gain a specific goal. To engage your team and provide competitive service while staying compliant, your employee training program needs to hit the mark. Key Partnerships with learning and development companies. 2, 8th Floor. 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. 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. Strategic Business Partnerships with Genworth functions, businesses, human resources managers, and talent development leaders. Creating a Customer Communication Strategy Plan, Keeping Customers Informed and Engaged in a Virtual World. 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.
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