Courses & Registration

Keep Your Career On The Right Track

Our Essentials Training webinars are designed to deliver innovative, mortgage training courses to industry professionals like you. Led by our team of experienced educators, you’ll get hands-on, practical training on topics that are relevant to your everyday operations.

Analyzing Income for the Self-Employed Borrower

Income

Learn how to calculate qualifying income using a cash flow analysis method. 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. The case study includes analysis for a partnership (K-1/1065) and a corporation (1120). Participants will receive a cash flow worksheet (pdf) and a calculator (excel), which will aid in the application of their learning on the job. 

Intended Audience: Mortgage professionals who have at least one year’s underwriting experience and a solid understanding of the various business structures and tax forms. It is recommended the participant take the Analysis of Personal Tax Return module first or have equivalent knowledge. 

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Analyzing the Personal Tax Returns

Income

Learn how to calculate qualifying income using a cash flow analysis method. This practical, hands-on course is designed to introduce mortgage professionals to the various types of self-employed borrowers, illustrate allowable add-backs to, and required deductions from, income. Includes a step-by-step walk-through of accurate income calculation for commissioned borrowers, sole proprietors, and rental property owners. Participants will receive cash flow worksheets and access to calculation tools, which will aid in the application of their learning on the job. 

Pre-Work Recommended: Review commissioned borrower, sole proprietor, and rental property owner and complete applicable worksheets. Pre-Work will be reviewed in detail during a Live Webinar covering key learning objectives. 

Intended Audience: Mortgage professionals with a basic understanding of personal tax returns and cash flow analysis.

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Appraisal Review: Analyzing the 1004

Appraisals

Comprehend the Uniform Residential Appraisal Report. Learn how to read and correctly interpret the appraisal and spot red flags within each section of the form. Course includes a walk-through of each section of the 1004. Form 1004 instruction includes Uniform Dataset (UAD) coding and definitions, as well as a review of the Market Conditions Addendum (1004MC). The participant will review case scenarios to ensure application of knowledge. Those completing the course will receive job aids to assist in the application of their learning on the job.

Pre-Work Recommended: Review a sample 1004 and complete the appraisal job aid. Pre-Work will be used during the course of the Live Webinar to address key learning objectives. 

Intended Audience: Mortgage professionals seeking sound fundamental knowledge of the appraisal form 1004. Processors, Originators, and Underwriters looking to refresh understanding of the 1004. 

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Appraisal Workshop: Discussing Scenarios and Addressing Potential Red Flags

Appraisals

This module is designed for experienced underwriters familiar with residential appraisals. There will be a discussion of six different appraisal scenarios in order to help participants become more confident determining when the appraised value is supported, is NOT supported, recognizing potential red flags, and assuredly articulating their rationale. 

Pre-Work Recommended: Review the six case scenarios and note the pros and cons of whether the value is supported and if there are potential red flags. Pre-Work will be used during the course of the Live Webinar to address key learning objectives. 

Intended Audience: Mortgage professionals seeking a more in-depth knowledge of the appraisal form 1004 and potential red flags. Processors, Originators, and Underwriters that have experience reviewing the 1004 and can be prepared to offer opinions on the various case scenarios. 

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Avoid an Application Blow-Up: Completing the 1003/65

Originations

The Mortgage Loan Application looks straightforward but sometimes a file can “blow up” if the “right questions are not addressed upfront.  In this class, mortgage loan professionals will learn the details of the 1003 and examine the 3 C’s of underwriting and how they can impact the interview process with the borrower.  Participants will gain experience through the creation of the job aid that can be used as a reference after the class. 

Intended Audience: Mortgage professionals seeking fundamental knowledge of completing an application and identify areas of the application that are potential pitfalls.

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Becoming the Ringmaster of Interruptions

Time Management

Participants will learn how to strategically manage interruptions. This practical webinar also covers the true definition of an interruption.

Learners will discover usable criteria for a worthwhile interruption. Participants will also learn specific strategies for controlling interruptions.

Intended Audience: Mortgage professionals seeking to improve their skills and strategies with daily interruptions. 

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Comparative Income Analysis: Completing the Form 1088

Income

Have you heard of FNMA form 1088? Its been around for twenty years. The form helps you measure year to year trends for gross income, expenses and taxable income and can be very valuable when evaluating the overall viability of this business.

This session outlines the steps for completing the form. Using real life examples the participants will be able to see how the form works and understand the narrative behind the numbers.

Intended Audience: Processors and Underwriters.

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Components of Credit Scoring: The Meaning Behind the Number

Credit

This module will look at credit scoring from the lender’s perspective and examine some of the most common misconceptions surrounding credit scoring. The course is designed for the participant to gain understanding on how a borrower’s credit affects lending decisions, learn what factors are evaluated in credit scoring, and learn how these factors are displayed on a borrower’s credit report. This session also includes a discussion on the future of credit reporting.

Pre-Work Recommended:Review the participant manual to familiarize yourself with the content of the Appendix especially “How to Read a Credit Report” if you are new to credit report analysis.

Intended Audience:Mortgage professionals seeking fundamental knowledge of Credit Scoring and the components that make up a FICO Score.

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Condos as Collateral

Appraisals

This class is designed to assist lenders in the review of condominiums as collateral.  Participants will learn how to identify a project's eligibility and determine the required project review method.  Through the use of two case studies participants will have the opportunity to learn how to review the form 1073 and identify areas of potential risk.

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Control, Manage and Write More Effective Email

Time Management

This workshop is designed for participants using Outlook to improve their skill level. Tips and techniques covered are ways to control daily flow of emails. Discover outlook tips to be more effective with email. Learn the 5 Part PADD email writing model to motivate more readers to respond to their emails. Learners will also discover simple basic tips on Outlook that can improve their productivity immediately.

Intended Audience: Mortgage professionals looking to improve their effectivness with Outlook.

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Credit Reports: Codes, Components, Creditors, and Scores

Credit

Explore credit reports and their relationship to credit scoring. Learn about the information compiled in a credit report, the sources of credit information, and how to decipher the codes used to report account status, account history, and public record information. Learn how the credit report is used in conjunction with the loan application and other documentation in the loan file. 

Intended Audience: Mortgage professionals seeking a basic understanding of credit reports, the sources of information compiled in a report, the codes used to report account status, payment history, and public records, and the relationship between credit reports and credit scores. 

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Desktop Underwriter®: Interpreting the Findings

Managing Risk

This course teaches participants how to validate DU® loans based on the information contained within the DU® Finding and Analysis reports. The course will give the participant the opportunity to review and analyze a sample finding report and complete exercises to instill key learning objectives. 

Intended Audience: Mortgage professionals seeking fundamental knowledge of automated underwriting systems and the DU® Findings report in order to efficiently document the loan file according to the applicable requirements.

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Developing A Single Effective Master List

Time Management

This module covers: 

- How the "Master List" helps you develop Strategic Thought 
- How a "Master List" is different from a typical to-do list 
- How to create a single, customized "Master List" that works 
- The benefits of the "Master List"

Intended Audience: Anyone seeking to improve their organizational skills by developing a single "Master List"< /p>

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Encompass® Delegated

Live Demonstrations

Learn about how to submit a delegated mortgage insurance application via Encompass with Essent.

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Encompass® Non-Delegated

Live Demonstrations

Learn about how to submit a non-delegated mortgage insurance application via Encompass® with Essent. This practical, hands-on course is designed to introduce mortgage professionals to Essent Guaranty's Encompass® integration solution for ordering non-delegated mortgage insurance. You will learn about data submission and uploading documentation and receiving a commitment and more.

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Essent Online MI Ordering - Delegated Submission

Live Demonstrations

Learn about how to access and submit a delegated mortgage insurance application via Essent Online MI Ordering. This practical, hands-on course is designed to introduce mortgage professionals to Essent Guaranty’s internet solution for ordering mortgage insurance. You will learn about profile settings, options to enter data (input or DU 3.2 import), managing a pipeline, submitting and receiving a commitment online and more. 

Intended Audience: Mortgage professionals new to ordering delegated mortgage insurance applications via Essent Online MI Ordering, or those seeking to refresh their knowledge of the system.

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Essent Online MI Ordering - Non-Delegated Submission

Live Demonstrations

Learn how to access and submit a non-delegated mortgage insurance application via Essent Online MI Ordering. This practical, hands-on course is designed to introduce mortgage professionals to Essent Guaranty’s internet solution for ordering mortgage insurance. You will learn about profile settings, options to enter data (input or DU 3.2 import), uploading documentation, managing a pipeline, submitting and receiving a commitment and more. 

Intended Audience: Mortgage professionals new to ordering non-delegated mortgage insurance applications via Essent Online MI Ordering, or those seeking to refresh their knowledge of the system.

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Essent Online Rate Finder

Live Demonstrations

Learn how to access and request a rate quote via Essent's Rate Finder. This practical, hands-on course is designed to introduce mortgage professionals to Essent Guaranty's internet solution for requesting mortgage insurance rates and premium quotes. You will learn about profile settings, options to enter data (input or DU 3.2 import), submitting and receiving a quote online and more.

Intended Audience: Mortgage professionals new to requesting mortgage insurance rates quotes via Essent's Rate Finder tool, or those seeking to refresh their knowledge of the system.

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Focus on Assets: Acceptable Documentation and Eligible Sources

Assets

This module will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. The course is designed for the participant to gain an understanding of eligible and ineligible sources of funds, interested party contributions (IPC's), what constitutes a “large” deposit, using retirement funds for closing vs. reserves, earnest money deposits, and acceptable documentation for assets. 

Intended Audience: Mortgage professionals seeking fundamental knowledge of asset documentation and various types of acceptable assets for qualifying for a mortgage loan. 

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Getting Your Name Out

Selling Skills

Learn creative ways to market yourself. This practical hands on session provides tips and techniques to improve networking skills. Simple step by step strategies will be discussed for building an impactful networking plan for increased loan production. Participants will be provided specific tools to improve their networking impact. 

Intended Audience: Loan Officers seeking to improve their networking skills.

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Income Analysis for Salaried Borrowers: Acceptable Documentation and Calculations

Income

This module will look at eligible types of income and the required documentation to support the income. The course is designed for the participant to gain an understanding of the industry guidelines for income calculation for salaried borrowers by reviewing sample paystubs and calculating the gross monthly income. Calculations will include monthly, semi-monthly, bi-weekly, weekly, overtime, bonus, military, and teacher income-types. 

Intended Audience: Mortgage professionals seeking fundamental knowledge of income documentation and various types of acceptable income for qualifying for a mortgage loan. The focus of the module is on salaried borrowers. 

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K-1's: Are Distributions Enough? A New Look at Partnerships & S-Corps

Income

Calculating income for self-employed borrowers is an ongoing challenge.  To assist lenders in meeting this challenge, Essent Essentials has developed a new one-hour webinar designed to shed light on the perplexities of income analysis for Partnership and S-Corps.

Through the use of real world examples, participants will learn how to correctly read the tax returns and discover what the numbers are telling us.

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Loan Product Advisor℠: Interpreting the Feedback

Originations

This course teaches participants how to validate Loan Product Advisor℠ loans based on the information contained within the Loan Product Advisor℠ Feedback report. The course will give the participant the opportunity to review and analyze a sample Loan Product Advisor℠ report and complete exercises to instill key learning objectives. 

Intended Audience: Mortgage professionals seeking fundamental knowledge of automated underwriting systems and the Loan Product Advisor℠ Feedback in order to efficiently document the loan file according to the applicable requirements.

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Mortgage Fraud: Potential Red Flags

Managing Risk

This 90-minute workshop style class is designed to help mortgage professionals identify when fraud or misrepresentation is occurring. Participants will get hands on practice in recognizing fraud by working through multiple case studies. Also discussed is the types of fraud most prevalent and the best practices for preventing fraud. Participants should already have a general understanding of mortgage fraud prior to taking this class.

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Mortgage Insurance Basics: The "Why" Behind "MI"

Mortgage Insurance

Learn about why MI is good for both you and your customers for high LTV loans. This practical, hands-on course is designed to introduce mortgage professionals to Essent Guaranty and explore the fundamentals of Mortgage Insurance. You will learn about the benefits of MI, how to calculate a premium, how MI compares to FHA options, what happens when a loan defaults, and how to find many useful tools on Essent’s website. 

Intended Audience: Mortgage professionals new to understanding the fundamentals of mortgage insurance, or those seeking to refresh their knowledge of the benefits of MI.

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Organizing & Planning a More Effective Day & Week

Time Management

Participants will learn how to be more strategic throughout the day. Learners will discover how to create mental seperation between work and home (closing each day). Learn how to get off to a fast start using the "veggie" principle. Learn how to have a powerful morning (getting more done by noon). Participants will learn how to prepare a Daily List and how to develop a more effective weekly plan.  

Intended Audience: Mortgage professionals seeking to become more organized and effective each day and week.

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Prioritizing & Giving Others Your Priorities

Time Management

Learn how to prioritize more strategically. Participants will learn how to probe and ask better questions. A traditional method for establishing priorities will be covered. Learners will discover a new method of determining what to work on next. Participants will learn how to give others their priorities. A five part model will be shared on how to influence others. Practical human nature examples will be covered and how it effects how we prioritize. Learn how successful people work on one thing at a time. Final topic will focus on ways to manage others expectations

Intended Audience: Mortgage professionals seeking skill improvement with prioritizing and giving other's priorities. Learn Practical ways to apply to be more effective with priorities and how to give others your priorities.

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Understanding the Different Generations: Selling to Millennials

Selling Skills

Get tips and techniques that will help you better understand and effectively communicate with baby boomers, Gen Xers and millennials. In this hands-on course, participants will learn how to develop communication strategies for each of these groups. 

Intended Audience: Mortgage professionals who want to understand the unique characteristics and needs of these different homebuyer groups so they can better communicate with each. 

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Who's the Competition? S.W.O.T. Analysis

Selling Skills

Webinar covers all aspects of S.W.O.T. (Strength, Weakness, Opportunity, Threat) including a case study and S.W.O.T. on themselves to discover steps to handle competitive issues in a logical simple process. 

Intended Audience: Loan Officers who seek to learn the fundamentals of the S.W.O.T. Analysis to uncover ways to deal effectively with competition. 

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Who's The Customer?

Selling Skills

Learn how to build a prospecting system. This practical, hands on session covers specific ways to expand your current prospecting "comfort zone". Participants will learn creative tips on prospecting to potentially increase their pipeline production.

Intended Audience: Loan Officers seeking to improve their current system of prospecting. This session covers multiple ways to enhance your prospecting skill level. 

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Will You Hit The Goal?

Selling Skills

Learn ways to use the S.M.A.R.T. process to increase individual goal setting skills.

Intended Audience: Loan Officers looking to improve their goal setting skills.

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