2.0 ELECTIVE hours for MD, DC and VA licensees. This class is designed to thoroughly inform agents on new underwriting guidelines beginning with how a borrower’s credit is scored, and current employment and income/assets are properly reviewed and verified. The class then moves into mortgage-related expenses, other debts and how the debt-to-income ratio is calculated. From there the various types of mortgages and specialty loans will be covered. And, the class will finish with the appraisal process.
Instructor: Romy Espino