Late Continuing Education Online Self-Paced

Late CE: 2 Hour SAFE Elective Underwriting and Risk Analysis for Conventional Loans (10140) (Online)

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. The content for this course is the same as course ID 10140 and is intended to satisfy CE requirements for 2019 or the last year a mortgage loan originator held an active license. Mortgage loan originators who take this Late CE course are prohibited from taking course ID 10140 in 2020. This course satisfies two hours of elective education for loan originators.
SKU 4303US20260A00
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

    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.


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