Continuing Education Online Self-Paced

2 Hour SAFE Elective: Underwriting and Risk Analysis for Conventional Loans (OSP)

About This Course

Underwriting is the risk assessment step of a residential mortgage transaction. It gives lenders that make home loans and the investors that purchase them the opportunity to complete an analysis of the risks associated with offering mortgage credit to a particular loan applicant. This course will review the underwriting tools and practices used by loan originators in the early stages of a lending transaction to evaluate a consumer's loan eligibility, as well as underwriting requirements established by federal lending laws and other guidelines followed by lenders known as credit overlays.


SKU 4303US19250A00
  • 24/7 access to your course online
  • Certificate of completion

What You'll Learn

  • Loan originators' use of automatic underwriting systems to perform preliminary underwriting
  • General underwriting standards created by federal lending laws and the Ability to Repay rule
  • Specific underwriting standards for qualified mortgages
  • Regulation Z's Appendix Q and the underwriting guidelines that it creates for evaluating debt-to-income ratios for qualified mortgages
  • Underwriting standards established by GSEs which lenders must follow in order to sell their loans in the secondary mortgage market
  • Quality control tools that the GSEs and lenders can use to uncover underwriting deficiencies
  • The use of credit overlays and their potential for violating fair lending laws, including considerations related to disparate treatment and disparate impact theories

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. Please note this course is only supported for laptop or desktop computers, as NMLS requirements prohibit the consumption of licensing training on mobile devices, such as cell phones or tablets.


Have a question?  Check out our Frequently Asked Questions