Helpful Tools
Self-Employed Borrower: Cash Flow Analysis Calculator
Appraisal Review Checklist (pdf | 32kb)
Fraud Loan Checklist (pdf | 114kb)
Mortgage Skills
These four training collections can help you better understand the mortgage industry, analyze credit and use automated underwriting tools.
To register for a Webinar, click the appropriate Webinar button below. You will be directed to Genworth's Webex site where you can search for an upcoming class via the "Today" and "Upcoming" page views. Webinar offerings are subject to availability.
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Mortgage Industry Introduction
Introduction to the Mortgage Industry
Designed for new personnel, those new to the mortgage industry or individuals who need a refresher on: Industry Terms, Evolution of the Mortgage Industry, Characteristics of Different Types of Lenders, What is the Secondary Market and Types of Mortgage Related Income.
Instructors: MaryKay Scully
Understanding the Secondary Market
Learn more about the Secondary Market: What it is, how it functions, who the main players are, size and share, money markets and mortgage loan placement.
Instructors: MaryKay Scully
Mortgage Loan Essentials
Learn the roles of loan officers and loan processors in the overall process, starting with an historical perspective. Then learn how to conduct a thorough borrower interview, complete a loan application, understand compliance requirements and examine required documentation.
Classroom Contact Sales Rep Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Loan Officer University
A comprehensive three-day course for mortgage professionals. Topics range from studying mortgage history to understanding industry terms to implementing automated underwriting systems and other current technology.
Classroom Contact Sales Rep Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Shut the Door on Fraud
Teaches lenders about various types of fraud and how to identify the red flags that may indicate the presence of fraud within a file. Also provides valuable resources for fraud detection.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
How Loan Risk is Analyzed
Discover how lenders and automated underwriting systems like Desktop Underwriter® use comprehensive risk models to recommend loan approvals, including how the risk model works and specific factors measured.
Instructors: Charles Kron
Loan Program Mechanics
Gain detailed knowledge of how different loan programs work. Includes the mechanics, pros and cons of fixed rate, balloon, interest only, ARM, Option ARM, GPM, buydown, and reverse mortgage programs.
Instructors: Charles Kron
Effective Application Interviewing
Review what is needed for a complete Uniform Residential Loan Application, why each piece of data is important and strategies to get the most accurate, useful facts from your borrower at the first interview.
Instructors: Charles Kron
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Collateral Analysis
Welcome to Genworth's Underwriting for MI for Community Banks
This course addresses Genworth underwriting guidelines highlighting those for Community Banks. Additional training, underwriting resources and the process for electronically submitting files to Genworth to be underwritten for mortgage insurance are described.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Welcome to Genworth's Underwriting for MI for Credit Unions
This course addresses Genworth underwriting guidelines highlighting those for Credit Unions. Additional training, underwriting resources and the process for electronically submitting files to Genworth to be underwritten for mortgage insurance are described.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Appraisal Review: With Guidance for Rural Properties
This session focuses on the issues appraisers and underwriters encounter in analyzing rural properties and includes an overview of guidelines, documentation requirements and best practices.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Welcome to Genworth's Delegated Underwriting for MI (EXCEL®) Program
Open to approved EXCEL-eligible lenders, this course addresses Genworth guidelines, Internet operations, audit preparation and common errors.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Welcome to Genworth's Delegated Underwriting for MI (EXCEL) Program for Credit Unions
Open to approved EXCEL-eligible Credit Union associates, this course addresses Genworth guidelines, Internet operations, audit preparation and recognizing common errors.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Improving Your Delegated Underwriting for MI (EXCEL®) Performance: Focus on Collateral Underwriting
Learn general appraisal underwriting practices focusing on today's hot button issues and red flags. Session provides information on current appraisal review requirements with specific instruction on guidelines and overlays for Genworth insured loans.
Instructors: Julie Anderson, Charles Kron
Improving Your Delegated Underwriting for MI (EXCEL®) Performance: Overview and Tips
Learn general underwriting practices focusing on correct and complete file documentation. Avoid today's most common mistakes and know where to look for the most up-to-date guidelines and information on Genworth Overlays.
Instructors: Julie Anderson, Charles Kron
1004MC and Code of Conduct Updates
In this class, we'll provide an overview of the new 1004MC market conditions addendum, cover Fannie Mae announcement 08-30 and discuss the code of conduct for all Fannie Mae and Freddie Mac appraisals.
Instructors: Julie Anderson
Manufactured Home Appraisal Review
Get an overview of Fannie Mae Form 1004C, uncover potential red flags and gain a better understanding of the manufactured home appraisal.
Instructors: MaryKay Scully
Appraisal Underwriting
Covers basic appraisal theory and the concept of "market value". Provides a detailed review of the Uniform Residential Appraisal Report for single-family residences.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Analyzing Appraisals: Focus on Sales Comparison
Learn about current issues surrounding the sales comparison section of the Uniform Residential Appraisal Form. Included will be information about comparison selection and adjustments in light of changes taking place both within various real estate markets and the mortgage industry.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Condominium Appraisal Review
Enhance your knowledge and skills when reviewing a Condominium Appraisal Report (Fannie Mae 1073 & Freddie Mac 465). Learn how it differs from the standard 1004, and the different methods used to qualify the project. Appraisal Underwriting should be attended prior to this course.
Instructors: MaryKay Scully
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Credit Analysis
IRS Form 2106 Review
Learn how to know if your borrower might have unreimbursed employee expenses. Includes a complete review of IRS form 2106 where these are calculated.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Rental Income
Learn how to calculate rental income using personal tax returns and learn basic rental income qualifying guidelines.
Instructors: Julie Anderson
Understanding Credit Reports and
Credit ScoresUncover who prepares the credit report, what information is included, where the information comes from, and the different types of available reports. Decipher the credit report using the codes included throughout each section, plus increase your knowledge of the elusive credit scoring model and how it impacts your scores.
Instructors: MaryKay Scully, Julie Anderson
Asset Review
Learn how to review bank statements and assets, identify acceptable assets and identify key compliance and misrepresentation components.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Calculating Debt to Income (DTI)
Learn about the varying methods for calculating Borrower DTI Ratios, plus the most frequent causes of discrepancies between calculated and expected DTI, and how to correct these issues.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Calculating Income
Learn to calculate income with hands on exercises and brief review of documentation requirements.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Non-Traditional Credit
Review Fannie Mae rules for using non-traditional credit: when appropriate to use, report requirement and underwriting review of credit line.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Self-Employed Borrower
Learn how to calculate a self-employed borrower's income.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Self-Employed Borrower: Case Study
Part ICompleting the 1084 with Personal Tax Returns. Learn to use Fannie Mae's Cash Flow Analysis Method to calculate supportable income for self-employed borrowers using tax returns as well as the Cash Flow Analysis form.
Instructors: MaryKay Scully, Julie Anderson
Self-Employed Borrower: Case Study
Part IICompleting the 1084 with Business Tax Returns. Understand when Business Income can be used as Qualifying Income. Learn how Business Income from K-1's (1120S & 1065) flow onto the Personal Tax Returns. Plus, learn how to use Fannie Mae's Cash Flow Analysis form.
Instructors: MaryKay Scully, Julie Anderson
Self-Employed Borrower: Partnership,
S-Corp and Corporate ReturnsExamines business returns in detail, with an emphasis on using the Cash Flow Analysis Method to find qualifying income or loss, and looking for solvency within each business type's return. Recommended for those who have completed the Analysis class or are comfortable with tax returns.
Instructors: Charles Kron
Self-Employed Borrower: Form 91
Learn how to complete Freddie Mac's new Income Analysis Form 91.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
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AUS Systems
Desktop Underwriter® Training
Examine the findings report in order to understand how assets, credit and income contribute to the risk analysis of DU. Work with challenging cases where data integrity is of concern along with the use of updates and available help tools.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
Understanding Loan Prospector® Feedback Certificate
Learn how to access Loan Prospector, understand the LP process and analyze feedback certificate recommendations. Review the data integrity of the information entered into the AUS system while uncovering best practices. Look at resubmitting to LP with additional updates and available help tools.
Instructors: MaryKay Scully, Julie Anderson, Charles Kron
