This is the perfect session for any mortgage professional looking to build their knowledge of the most common asset types used to qualify your borrowers.
You will learn:
- Liquid assets needs specific to the mortgage transaction: down payment, closing costs and reserves.
- Eligible and ineligible assets
- To evaluate and sources funds for commonly used liquid assets: checking accounts, savings accounts, CDs, gift funds, stocks, or bonds and business funds.
- Industry and GSE guidelines for documentation, verification and sourcing of funds with a focus on red flags.
Who should attend?
The presentation is recommended for:
- Loan Officers
- Loan Processors
- Quality Control Staff