Thorough evaluation of borrower assets is critical in making an informed underwriting decision. In this webinar presented by MGIC, we'll address a number of questions that should be explored when evaluating a borrower's assets. Have the borrowers demonstrated an ability to save? Do they have assets sufficient to close the loan and satisfy reserve requirements?
During this live training webinar you will learn about:
- Different types of assets
- Documentation requirements
- Funds required for closing and for reserves
- Loan officers
- Loan processors
- Quality control staff