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This webinar will focus on the fundamentals of underwriting credit: the essentials of gathering the right information, analyzing it in an informative and consistent manner, and understanding the impact that fair lending rules have. Since this webinar will focus on the basics, it will address the underwriting process, the information needed, and how to analyze and document the results in a useful, compliant manner. The program will focus primarily on underwriting consumer and residential mortgage loans, although the fundamentals of underwriting commercial lending will be addressed, too. Join us to learn the basics of calculating debt-to-income ratios using tax returns, pay stubs, and credit reports. This webinar will not include a line-by-line discussion of tax return analysis. See related webinars below.
HIGHLIGHTS
Reg B dos and don’ts associated with requesting and analyzing financial information
Information to gather for various loan requests and how it can be used in underwriting
Calculating a borrower’s monthly income consistently and accurately, considering several common sources of income
Tips on assessing a borrower’s monthly obligations, including options for how to treat credit card debt, debt in deferment, and debt that is maturing
Importance of documenting your underwriting analysis, and tips for doing it effectively
Recommendations for ensuring your HELOC underwriting practices comply with regulatory guidance
TAKE-AWAY TOOLKIT
Written manual discussing the material covered in the presentation
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS THESE RELATED WEBINARS!
Qualifying Borrowers Using Personal Tax Returns Part 1: Schedules A, B, C & D on Tuesday, February 14, 2017 & Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules E & F on Tuesday, March 14, 2017
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Newer lenders and underwriters with a foundational overview of loan underwriting. Experienced lenders that may be transitioning into performing or overseeing underwriting analysis may also benefit.
ABOUT THE PRESENTER – Tommy Troyer, Young & Associates, Inc., is the Executive Vice President and manages the company’s lending division. In addition to presenting webinars and seminars, he contributes to capital planning, strategic planning, and other management consulting services. He also focuses on topics related to credit risk management, and assists clients with loan reviews, ALLL reviews, credit process reviews, and other lending-related services. Tommy joined Young & Associates, Inc. from the Bank Supervision Group at the Federal Reserve Bank of New York, where he focused on credit risk management practices at supervised institutions. His work focused on the ALLL, stress testing, and risk monitoring and reporting practices. Prior to his time in bank supervision, Tommy worked in the Federal Reserve Bank of New York’s Research Group. Tommy holds a Bachelor’s degree in Economics from Wittenberg University.
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