The COVID-19 pandemic has demanded so many changes over the past year, including how the mortgage industry reviews loan files. Intended Audience: new loan officers, processors and other mortgage operations professionals. Whether you are an originator or an underwriter, we have the resources and answers you need to understand how mortgage insurance can benefit you and your borrower. Toggle Nav. WITH RESPECT TO THESE MATERIALS AND THE RELATED TRAINING. TRID also regulates how much lenders can . In this hands-on course, you'll learn the proper adjustments to help qualify your borrowers. In this course, we will dive into the fundamentals of self-employed borrower income calculation, including allowable add-backs and required deductions. ----Course title center---/> ----Course title center---/> ----NAV BAR---> Home; Getting Started; My Progress; Catalog; Live Calendar; Calculators; EnactMI.com The marketplace can be challenging, and salespeople must differentiate themselves to create and retain clients and referral partners. Accessory Dwelling Units or ADU's are becoming more common in mortgage transactions, yet many are unaware of the specific guideline requirements for this type of property. Select Download Format Genworth Calculator And Quick Reference Guide Download Genworth Calculator And Quick Reference Guide PDF Download Genworth Calculator And Quick Reference Guide DOC Site is lenders, and enforceable mortgage insurance Click, Looking for more info on MI Online or need to register as a new user? Gain a basic understanding of the Self-Employed Borrower by learning about the various business entities, their required tax forms and how to calculate liquidity for these types of borrowers. You are protected to the residential appraisal. Contact your Account Managerfor more information about this course. Our digital library includes learning modules, videos, frequently asked questions, demos . In this course, we will focus on the unique considerations of Sole Proprietorships and Corporations. See more reasons why customers love teaming up with us. This website uses cookies so that we can provide you with the best user experience possible. Arch MI is excited to bring you this important information with industry professional Ginger Bell. Don't forget to check out our MI Loan Submission Checklistto help you with the loan process. Radian Guaranty Inc. can help lower the risk for lenders making these types of loans, thereby helping potential borrowers qualify on a new construction property. 10 Keys to More Effective Presentation Skills. Our featured live webinars focus on timely subjects, usually tied to recent regulatory changes, real-time events or current needs like how to navigate virtual meetings. Available formats: On-Site Training (Contact your Account Manager), Five Steps to Better Goal Setting and Planning. Home Suite Home is an exclusive Enact program that helps your borrowers feel more secure in their new home. That's why we bring our deep expertise, insightful offerings and extra mile service to work every day to help lenders bring the dream of homeownership to more people. This video series, featuring Rene Rodriguez, will tackle some of your most complex challenges with simple steps that lead to positive results. Visit our Training catalog to register for an account using your NMLS ID. Mortgage professionals participating in this course will learn Agency guidelines for income calculation and documentation. Expand your market of borrowers by learning the key points and unique features of the Fannie Mae HomeReady Program. Plan and outline your content. ), the act of planning is where the value is. The mortgage industry is starting to see the documentation reflecting those impacts in loan files. Are you ready for the potential surge of Construction-to-Permanent loans as a result? Calculating income for self-employed borrowers is an ongoing challenge. Webinars are an excellent way to share important information, build brand authority, showcase . This course will help you strengthen your mortgage skills and knowledge. Knowing these costs is a first step in helping you plan for the future. Obstacles in affordability can be rough speed bumps on the road to homeownership, but we work hard to make the dream of homeownership a reality. Use Rate Express to compare your MI quote to FHA. We are committed to help you plan for your long-term care needs and to helping you make informed decisions. Various income sources, from Social Security to interest income and capital gains, will be discussed as well as income trending and non-taxable income. This short video will define the LLPA, discuss the upcoming changes, and review ways for you to support your customers. Start your day smarter. Desktop Underwriter Training Webinar Slides . Our employees make a difference in people's lives every day. Correctly calculating income is fundamental to insuring a member qualifies for a loan. 10:00am (PT) Getting a mortgage is one of the most stressful things people go through. Five Values that establish your intentions and ensure your communication is understood and acted on. Give us a call or send an email using the contact information below. Watch Webinar Recording Self-Employed Borrowers - Focus on Corporations and Financial Statements This webinar was recorded on January 26, 2023. In MGIC's Residential Appraisal Review training webinar, you will get the tools you need to help build and strengthen your appraisal evaluation skills. Learn More. Not surprisingly, many of the traits shared by high-achievers are common-sense in theory, but not necessarily common practice (otherwise, everyone would be a high-achiever, right?). Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Forgot password? Leading the private mortgage insurance industry by supporting our customers and helping borrowers find a better way to achieve their dreams of homeownership. 12:00pm (PT) Webinar Materials: https://www.mgic.com/training/seminar-materials/seb-corporations-financial-statement-review Heads up: This course assumes you are comfortable building income from tax returns. If you have ever thought to yourself, how does she get it all done or how does he have time to attend classes while working full time, then this course is for you. How to Read AUS Findings Like a PRO, Paystubs - Frequency & Formulas (Micro Session), Quick Tips for Bonus/Overtime (Micro Session), Schedule C - Why Line Items Matter (Micro Session), The Nuts & Bolts of Rental Income: Solving & Simplifying the When & How, Understanding Business Liquidity (Micro Session). Start planning for long term care so they can live life with confidence. Technical Skills by supporting specific courses, continuing education and designations necessary for our technical professionals to maintain the most current information for their area of expertise. Learn the fundamentals of navigating through personal tax returns, including key components of the 1040 including Schedule 1, Schedule B, Schedule D and Schedule E. Discover when and why tax returns are needed, and how to recognize when tax returns are complete. Effective May 1st, the GSEs, Fannie Mae & Freddie Mac, have announced that there will be changes made to the loan level pricing adjustments, or LLPA, fees. Online virtual meetings are essential to successfully communicating with your customers and partners. In addition to our extensive recorded course catalog and in-person training opportunities, Genworth also offers tons of live webinars where you can ask questions in real-time. We will also review the principles of profit and loss statement requirements, net operating loss carryover considerations and person debts paid by the business. 24/7 access Online library of interactive courses Short videos help maximize your learning experience Timely podcasts you can listen to while on the go Supplemental activities reinforce important concepts and apply what have you learned Engaging workbooks and training materials bolster your knowledge Explore On-Demand Foundation On-Demand Series E-LEARNING & Previous Webinars Get easy access to National MI courses and our previously recorded webinars. Please join this 1-hour webinar that will be led by David MacDonald and Susan Seto who will provide in-depth insights and recommendations that you can use to develop your own strategies and programs to engage with your own customers who may be turning to you and your staff for help. Learn how to navigate the AMITRAC in this short webinar, An Introduction to Business Tax Structures, Forms and Cash Flow, Audience:Loan Originators, Loan Processors, Underwriters. Join us as we demonstrate types, break-even points and more. See what webinars are coming up! When determining whether a webinar is the best medium for your needs, consider. 60-Minute Session Click here. Understanding Loan Product Advisor - Advanced Guidelines and Updates, Updated Policy or Underwriting Changes or Clarifications, How to Determine if a Borrower Qualifies for the Program and its Benefits, Learn How to Properly Calculate Assets and Reserves for Mortgage Loans, Understand Fannie Mae's HomeReady Loan Program, Best Practices in Avoiding Common Underwriting Errors, Review Common Mistakes and Learn How to Avoid Them, Review of Partnership Income Form 1065 with Schedule K1, Fannie Mae 1084, and Review the K-1, 1065 and Solvency Test, Verify Sufficient Funds to Close by Completing the Two Examples, Review Different Types of Income and the LES (Leaving & Earning Statement), Review and Calculate Miscellaneous Employment Income, Bonus, Overtime, Commissions, Seasonal Income, Unemployment, Temporary Leave, Review S-Corporation - Form 1120S and 1040 with W2 and K1. Conventional loans are much more common than government-backed financing. Learn how to navigate the new Uniform Residential Loan Application (URLA), also known as the Fannie Mae Form 1003 and Freddie Mac Form 65. At no additional cost to you or your borrower, upon closing, borrowers can select one of three benefits to add another layer of security to their lives. Radian's MI Online customer portal makes submitting and activating MI quick and easy. Whether you are a seasoned mortgage professional or new to mortgage lending, this video contains a lot of useful information to ensure success when working with Radian. This is the course for you! ESSENTIAL. Want to close more loans FASTER? You are protected In this course, we will introduce the various business structures, the tax forms used to report business income and demonstrate how income flows from business to personal tax returns. We understand each Servicers unique business practices and are committed to helping Servicers maintain an up-to-date and accurate portfolio. Three keys to becoming a better listener. 11:00am (PT) By using our website, you agree to our use of cookies. Get easy access to National MI courses and our previously recorded webinars. This webinar was recorded on January 24, 2023. 30-Minute Session Never heard of SplitEdge? *The Coverage Needs Estimator is not available for all policy forms. The footage of the webinar as well as an ear into the discussion can serve as a business resource after . Well break down mileage depreciation, and how to know if you can include an additional add-back (Schedule C), and review the different requirements for utilizing Corporate cash flow. During this session we will discuss what DU reviews; the Importance of data integrity and we will highlight key areas of interest on the Summary Report and the UW Analysis Report. Mortgage professionals participating in this course will learn Agency guidelines for analyzing variable income in addition to learning how to identify potential sources of variable income. Our Customer Training Program is a best-in-class educational curriculum teaching the key skills, techniques and best practices needed to build your team's confidence and grow your share of originations. You will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. Learn the differences between FNMA & FHLMC guidelines for calculating your self-employed borrowers income when they own a K-1 business. But the system offers much more. Learn some of the industry lingo while exploring the importance of Valid AUS Findings to the loan file. Learn how to calculate qualifying income for a self-employed borrower. Management Training Webinar Options. Monday-Thursday 8:30 AM-6 PM ET. 30-Minute Session Suggested Prerequisite: Business Tax Returns 201, Unique Considerations for Partnerships and S Corporations. MGIC's recorded tutorial videos are available on-demand and at no charge, offering the guidance you need, when you need it. We offer . Why National MI? Training solutions include a comprehensive list of items to help like job aids . to make learning and development activities more flexible, global, cost effective, and engaging. Understand what documents to gather, how to review and verify required documentation, and prepare the loan application for underwriting. We use cookies to give you the best experience on our website. Collaborated with Genworth Sales Staff to strengthen customer relationships through training, to leverage customer decisions and to help ensure Genworth received a stronger book of business . Genworth values all perspectives, characteristics and experiences so that employees are able to bring their full, authentic selves to work to help each other and our company succeed. This personalized tool provides information to help you think about the median cost of care you may require in the future, and see how estimated future coverage may align with potential long-term care needs. self-paced training, timely videos, podcasts, and instructor-led live webinar sessions. Need a refresher? Audience:Loan Processors andJunior Underwriters. In addition, registered users can also sign up for email and text notifications, elect to go paperless, assign a delegate for your policy and much more. Planning is everything. While many things can affect a plan (COVID-19, anyone? We have a history of valuing employee development at Genworth that is evident at every level in the organization. Watch Full Recording Register Now 1120S/K-1 S-Corporation Analysis - Self-Employed Borrower Income Get access to essential resources that can help make your job easier. Learn the mathematical formulas for five key ratios used to assess the risk associated with mortgage loans. Learn a full spectrum of mortgage concepts, from the fundamentals to the complex. Led by our team of experienced educators, youll get hands-on, practical training on topics that are relevant to your everyday operations. Our goal is to offer competitive pricing using risk-based technology while delivering outstanding service to our lender customers. Toggle Nav. Indexes, margins, caps and more3/6, 5/6, 7/6 to explore. Our R70i Aging Experience is a new way to start the conversation about long term care. April 2020 Training Webinar Calendar Keywords: webinar, april, training Created Date: 3/12/2020 2:32:28 PM . We deliver skill-building training programs and special events right to your desk through our webinars. The Arch MI Tax Return Analysis Calculator, Audience:Loan Originators, Processors andUnderwriters, The AMITRAC (Arch MI Tax Return Analysis Calculator) is an interactive and intuitive spreadsheet that follows the SAM method of tax return analysis. Get the latest on regulations, GSEs and Fannie Mae and Freddie Mac policies. estate industries relied solely on the traditional appraisal report. Practice calculating variable income analysis using two commonly encountered types of income. capabilities that empower employees to create and execute on their development plans to be the most effective in their role and impactful to the business. 10:00am (PT) Our webinars feature international thought leaders presenting insight, ideas and advice. With the increasing popularity of video content in marketing, webinars have become a go-to strategy for businesses looking to educate, engage, and convert their audience. Please enable Strictly Necessary Cookies first so that we can save your preferences! 1-Day Course:This one-day hands-on fundamentals course delivers information that you can use to be a successful mortgage industry team member. This video will provide the details you need for that next customer conversation. In this featured webinar, Kristin Messerli, leading strategist on NextGen finance and homeownership, will provide participants with new research and best practices to design better housing and finance solutions for millennial and Gen Z women to boost sales and revenue in 2023. Bring your calculator and be ready to practice what you learn. The Fannie Mae Learning Resource Center offers a wide range of materials to help you do business with Fannie Mae. The more familiar you become with typical secondary market guidelines, learn what valuation methods are available, and develop a deeper understanding of certain cautionary items that . Key Partnerships with learning and development companies. Build your core knowledge of the overall mortgage lifecycle, key terminology, loan products, and more! 20-Minute Micro Session Educate, optimize and streamline your lending process with MGICs vast library of tools, resources and marketing materials. View Borrower Education NextGen, Multicultural, Multigenerational Self-Employed Borrower Form 91 Part I - The Personal Tax Return Webinar April 17, 2023 @ 12PM EST Self-Employed Borrower Form 91 Part II - The Business Tax Return Webinar April 24, 2023 @ 12PM EST Navigating Mutual Threats & Opportunities with your Realtor partners Guide in understanding customers and their needs . 30-Minute Session Stay connected to the latest mortgage insurance news, trends and expert insights with timely email alerts. Click here. Discover untapped markets for additional business, understand the importance of content marketing, know what your borrowers value in a lender, create unique competitive advantages and examine a framework for selecting Realtor partners. 1. We have sent a temporary Confirmation Code to the email address you provided. Available formats: Featured Webinar,OnDemand Video. During this session we will discuss what LPA reviews; the Importance of data integrity and we will highlight key areas of interest on the Feedback Certificate. This Learning Center page provides resources and training on originating & underwriting loans, Fannie Mae's underwriting applications, and best practices to help you get the most out of Fannie Mae mortgage products, the Selling Guide and technology applications. 2-Day Course:This two-day course, designed with industry newcomers in mind, provides an overview of mortgage lending from A to Z. Modules range from industry terminology and property types, to the basics of understanding credit, income, the loan application and more! Click any title below to learn more and register. For years, the mortgage and real estate industries relied solely on the traditional appraisal report. SEB Webinars Deepen your knowledge with our Beyond Schedule C or Analyzing Schedule E Rental Income webinar. in group process facilitation, classroom instruction, and organizational effectiveness. This practical, hands-on course is designed to walk the participant through a thorough analysis of self-employed borrower income by completing a full cash flow analysis. National Training Expand your skills and gain a competitive edgeon your time and in your preferred formatwith Radian's industry-leading training for mortgage professionals. Sign up here. For example, in April 2020 alone, there was a reported 10% decline in self-employed individuals, causing a direct impact on your borrower . To request on-site training, please contact yourArch MI Account Manager. You are protected At Sagen, our trained mortgage information specialists are here to answer your questions, provide more information on our value-added products and services, and help you with any other aspect of doing business with us. conducted on an ongoing basis to monitor employee satisfaction. Learn how to use the redesigned Uniform Residential Loan Application or URLA (also known as Fannie Mae Form 1003 and Freddie Mac Form 65), to process your loan application. But after this 60-minute webinar, you'll be able read one like a pro. Training Resources Get instant access to the tools, guidance and training materials for our professional education courses. 1065/K-1 Partnership Analysis (with Schedule F) - Self-Employed Borrower, 1065/K-1 Partnership Analysis Self-Employed Borrower, 1120 Corporation Analysis - Self-Employed Borrower, 1120S/K-1 S-Corporation Analysis - Self-Employed Borrower, Analyzing Income for the Self-Employed Borrower, DU Live! Friday: 9 AM - 6 PM ET. Right now, you can know you're getting the right MI rate for your borrowers by quoting with MiQ. Learn how the Borrower-Paid Single Mortgage Insurance option works for borrowers and lenders. Learn more about all of the training courses Arch MI has to offer! The free sessions provide timely and strategic information about the business of learning, current trends impacting workforce development, best practices for training and talent management, and practical information on the latest tools and technology. Enhanced Customer Service Through Better Business Communications, Best Practices in Professional Business Communication, Fannie Mae and Freddie Mac Renovation Programs, Understand the Basics for Fannie Mae and Freddie Mac Renovation Programs, Highlights Critical Areas of Purchase Transactions, Understanding Adjustable Rate Mortgages (ARMs), Leveraging Mortgage Insurance in Today's Market, Structuring Mortgage Insurance in today's market, Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures, Managing the Middles - A Look at LTV Scenarios, How to differentiate yourself as an advisor in this competitive market. Ask Yourself Whether a Webinar Is the Right Tool for Your Needs. both public and private, who buy the mortgage notes.. Want to gain a better understanding of earnings, distributions and liquidity analysis? It's as easy as 3,2,1! Your guide to using mortgage origination and servicing tools. Get acquainted with Title and what to expect during the Pre-Closing, Closing, and Post-Closing processes, including key steps involved in obtaining a Title. Get access to helpful tools that can help make your job easier. Using real world examples, participants will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. Learn about checking and savings accounts, establishing ownership, stocks, bonds, mutual funds, and more. To get started with ordering MI and servicing assistance from MGIC, begin with a review of our submission options and helpful resources. Session 3 - Evaluating Credit, Capacity, Capital & Collateral. Get useful how-to guidance on setting up and managing these visual meetings. How to Read AUS Findings Like a PRO, Focus on Assets: Acceptable Documentation and Eligible Sources, K-1 Comparison - The Differences Between FNMA and FHLMC (Micro Session), LPA Live! In addition, registered users can also sign up for email and text notifications, elect to go paperless, assign a delegate for your policy and much more. 60-Minute Session 6610 W. Broad St. Bldg. Learn why line items matter on a Schedule C so you can properly make cash flow adjustments when analyzing the borrower who is a sole proprietor of a business. Check out our latest posts below, and be sure to listen in to our latest episode. . 20-Minute Micro Session Get a guided tour of Schedule E as we take you through a cash flow analysis for a borrowers investment properties. An alternative to FHA financing, HomeReady is designed for creditworthy, low-to moderate income borrowers and includes expanded eligibility for financing homes in designated low-income, minority and disaster-impacted communities. Planning your presentation can help your delivery appear more natural and engaging. Leadership and Professional Development capabilities that empower employees to create and execute on their development plans to be the most effective in their role and impactful to the business. Are you ready to discuss the Adjustable Rate Mortgage (ARM) option with your customers? It requires that our employees embrace the need to regularly evaluate their own knowledge and skill sets. Understand how to manage your long term care insurance claim by learning what to expect, understanding the claims process and what happens next. Intended Audience: new loan officers, processors and other mortgage operations professionals. Arch MIs accredited public speaker and industry expert, Blaine Rada, will share his story of personal challenge and valuable lessons gained during his month-long trek across Spain, unplugged from modern life, technology and the nine-to-five routine. Dont worry! What is Trended Credit Data? 2 Reference Information Course Levels Basic - Mortgage professional who is new to the mortgage industry with no experience to residential lending terms, definitions, practices or guidelines. At your fingertips: the latest bulletin announcements and MGIC news releases regarding industry changes. Contact Us Contact Us 888 GENWORTH(888 436.9678) Monday-Thursday8:30 AM-6 PM ETFriday9 AM-6 PM ET Contact CareScout at 800 571.1918 Search Search Genworth.com Aging & You Go BackAging & You Aging & Your Health Go BackAging & Your Health Hearing Impairments Vision Simulation Mobility Challenges Aging & Your Family Understanding a Significant Derogatory Credit Event, Identify Credit Events in a Borrower's Mortgage File, Learn the Basics for Personal Video Marketing, Fannie Mae and Freddie Mac - Understanding Your Options, Fundamental Differences in Fannie Mae and Freddie Mac, Understanding Desktop Underwriter - Advanced Guidelines and Updates, Explore Conventional Loan Options to Determine Best Options, Learn about Ability to Repay (ATR) and Qualified Mortgages (QM), Help each person develop a personal code of ethics to use in the mortgage industry, Terminology Used in the Mortgage Industry, Understanding Credit Reports and Credit Scores, Basics of Credit Reports and Credit Scores, Verify if the Loan has a Home Equity Line of Credit, Introduction to the TILA-RESPA Integrated Disclosure (TRID), Review the TILA-RESPA Integrated Disclosures (TRID), Self-Employed Borrower Basics Part II - Partnership, S-Corp and Corporations, Examine Business Returns in Detail using the Cash Flow Analysis Method, From Action to Impact: Time Management for Originators, Identify Impactful Steps Over Busy Actions, Self-Employed Borrower Basics Part I - The Personal Tax Return, Business Income Concepts for Calculating Qualifying Income, Look at options to use Mortgage Insurance, A History of Mortgage Banking and Understanding of a Loan File, Understanding Desktop Underwriter (DU) - The Basics, Introduction to Fannie Maes Automated Underwriting System (AUS) Desktop Underwriter, An Overview of the Residential Loan Application (URLA), Complete and/or Review the Uniform Residential Loan Application, Understanding Loan Product Advisor - The Basics, Determine if a Borrower is in the US Legally for Mortgage Origination Purposes, How to Be Productive, Efficient And Valued, Appraisal Review: With Guidance for Rural Properties, Review Guidelines, Documentation Requirements, Best Practices and Issues Round, Overview of the Basics of Mortgage Insurance, Self-Employed Borrower Form 91 Part I - The Personal Tax Return, Calculate Income for Freddie Mac from Personal Tax Returns, How MCC Can be Used to Qualify Borrowers for HFA Loans, NAR 2022 Profile of Home Buyers and Sellers, Self-Employed Borrower Form 1084 Part I - The Personal Tax Return Webinar, Self-Employed Borrower Form 1084 Part II - The Business Tax Return Webinar, Review and Calculate Miscellaneous Employment Income Webinar, Calculating Income - The Exercises Webinar, Review Schedule E - Rental Income Webinar, Understanding Desktop Underwriter - Advanced Guidelines and Updates Webinar, Understanding Loan Product Advisor - Advanced Guidelines and Updates Webinar, Review Schedule C - Sole Proprietor Webinar, Self-Employed Borrower Form 91 Part I - The Personal Tax Return Webinar, Self-Employed Borrower Form 91 Part II - The Business Tax Return Webinar, Navigating Mutual Threats & Opportunities with your Realtor partners, Guide in understanding customers and their needs, Fannie Mae and Freddie Mae Year-End communications, Understanding the Basics of Freddie Mac's Refi Possible and Fannie Mae's RefiNOW, Fannie Mae and Freddie Mac's Low Income Refinance Options, Self-Employed Borrower Form 91 Part II - The Business Tax Return, Calculate Income for Freddie Mac for Partnerships and S Corporations, Including K-1 Income.
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