[SS LO] Verification and Documentation

Course Description

After completing a loan application, the consumer must provide documentation to support the information disclosed. This documentation is used to determine and verify the consumer’s ability to afford the mortgage loan obligation they will be offered. The federal Ability to Repay Rule provides underwriting factors that must be considered when making these determinations.

This course will explore the types of verification and documentation needed to support a borrower’s ability to repay.

15 Minutes