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

90-Minute Session
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.


There are currently no available times.

DU Live! How to Read AUS Findings Like a PRO

Originations

30-Minute Session
During this session we will discuss what DU® reviews; the Importance of data integrity and we will highlight key areas of interest on the Summary Report and the UW Analysis Report.

Intended Audience: new loan officers, processors and other mortgage operations professionals.

DU® is a registered trademark of Fannie Mae.


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FAQ's on Assets (Micro Session)

20-Minutes

20-Minute Micro Session
Review 8 FAQs about assets and get the answers!


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Faster Closings

Originations

60-Minute Session
Want to close more loans FASTER? Our new 45-minute class will show you five key tips you can take to avoid potential time delays, and has been updated to include the NEW 1003 (URLA). Whether you’re new to the industry or a seasoned professional, Faster Closings delivers something for everyone.


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Focus More. Achieve More.

Time Management

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. In this 1-hour webinar, we will show you three easy methods to begin using immediately to achieve next level productivity in both your personal and professional life.


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Focus on Assets: Acceptable Documentation and Eligible Sources

Assets

60-Minute Session
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), large deposits, business assets, reserves, 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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K-1 Comparison - The Differences Between FNMA and FHLMC (Micro Session)

20-Minutes

20-Minute Micro Session
Learn the differences between FNMA & FHLMC guidelines for calculating your self-employed borrowers income when they own a K-1 business.


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K-1 Workshop

Income

60-Minute Session
Calculating income for self-employed borrowers is an ongoing challenge. Essent Essentials K-1 Workshop is designed to shed light on the perplexities of income analysis for Partnerships and S-Corps.

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.


There are currently no available times.

LPA Live! How to Read AUS Findings Like a PRO

Originations

30-Minute Session
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.

Intended Audience: new loan officers, processors and other mortgage operations professionals

LPA℠ is a service mark of Freddie Mac.


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Mortgage Fraud Schemes & Red Flags

Originations

60-Minute Session
In this 60-minute workshop, you'll learn how to identify when fraud and misrepresentation are occurring. Hands-on exercises show you how to identify red flags and to understand the differences between fraud schemes and fraud techniques.


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NEW YEAR - NEW 1003 Application

Originations

In this 30-minute session, we will review WHY the Form 1003 was redesigned; compare the old Form 1003 to the New Form 1003 and discuss 10 highlights/benefits why you’ll love the new Form 1003.

Check out our "Faster Closings" class to see the new 1003 in use!


There are currently no available times.

Paystubs - Frequency & Formulas (Micro Session)

20-Minutes

20-Minute Micro Session
Practice determining frequency of pay and how to accurately qualify your salaried borrowers.


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Quick Tips for Bonus/Overtime (Micro Session)

20-Minutes

20-Minute Micro Session
Practice calculating variable income analysis using two commonly encountered types of income.


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Ratios and Mortgages

Originations

60-Minute Session
Learn the mathematical formulas for five key ratios used to assess the risk associated with mortgage loans. We'll review what each ratio represents, why and how it is used in an analysis and where and how it functions in the decision-making process.

Intended Audience: New loan officers, processors and other mortgage operations professionals. (Established professionals may also find this course a good refresher.)


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Rental Income - Schedule "E"asy

Income

60-Minute Session
Get a guided tour of Schedule E as we take you through a cash flow analysis for a borrower’s investment properties. In this 60-minute online workshop, you'll learn the ‘why’ behind allowable add-backs in the cash flow analysis of investment property and receive hands-on practice using our Cash Flow Analysis Worksheet.


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Salaried Income Analysis

Income

60-Minute Session
Mortgage Professionals participating in this course will learn Agency guidelines for income calculation and documentation.  With guidance from an Essentials facilitator, participants will learn to interpret the cadence with which a Borrower’s 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.


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Schedule C - Only the Schedule C

Income

60-Minute Session
Find out why line items matter on a Schedule C! In this hands-on course, you'll learn the proper adjustments to help qualify your borrowers. We'll review multiple Schedule C examples and complete a cash flow analysis for each.


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Schedule C - Why Line Items Matter (Micro Session)

20-Minutes

20-Minute Micro Session
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.


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The Nuts & Bolts of Rental Income: Solving & Simplifying the When & How

Income

60-Minute Session
Learn the basics of applying Fannie Mae's & Freddie Mac’s conventional guidelines on rental income in qualifying for a mortgage. In this 60-minute webinar, we will walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income.


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Understanding Business Liquidity (Micro Session)

20-Minutes

20-Minute Micro Session
Learn the 3 big benefits of proving liquidity in your self-employed borrowers’ businesses.


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Valid and Validation

Originations

60-Minute Session
Learn some of the industry lingo while exploring the importance of Valid AUS Findings to the loan file. Participants will also learn how Validation services and Third-Party Vendors are available to help us properly document a loan file.

Intended Audience: new loan officers, processors and other mortgage operations professionals. (Established professionals may also find this course a good refresher.)


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Variable Income Analysis

Income

60-Minute Session
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. With guidance from an Essentials facilitator, participants will practice calculating the eligible monthly qualifying income for four different variable income types.


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