MGIC > Introducing MGIC's Magic Minutes Training Series Quickly refresh or expand your industry knowledge and skills with our new Magic Minutes training series, Evaluating & Calculating Borrowers' Income. Starting an open and honest conversation with the people listed here will help create a plan that covers everyones needs. 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. Educate, optimize and streamline your lending process with MGICs vast library of tools, resources and marketing materials. Resources and training to support your business. Let us help you build, strengthen and educate your team. Performance cookies collect information about how you use our website, which helps us improve functionality and your user experience. In this 60-minute online workshop, you'll learn the why behind allowable add-backs in the cash flow analysis of investment property and receive hands-on practice using our Cash Flow Analysis Worksheet. Intended Audience: New loan officers, processors and other mortgage operations professionals. With this course, acquire an increased awareness of the sources of fraud, learn ways to prevent fraudulent mortgage loans and discover how to effectively identify Red Flags. Our financial products are offered/underwritten by one or more of the following:Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York (only Genworth Life Insurance Company of New York is admitted in and conducts business in New York); Genworth Mortgage Insurance Corporation;Genworth Mortgage Insurance Corporation of North Carolina; Genworth Financial Assurance Corporation. SEB Borrower Workshop Explore our Course Catalog and contact your Radian Account Manager to schedule a session for your company. self-paced training, timely videos, podcasts, and instructor-led live webinar sessions. The thought of purchasing a home might be daunting for many. Our digital library includes learning modules, videos, frequently asked questions, demos . Learn how to calculate qualifying income for a self-employed borrower. To request on-site training, please contact yourArch MI Account Manager. Find what you need to know about MGICs mortgage insurance rates. 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. Our new 45-minute class will show you five key tipsyou can take to avoid potential time delays, and has been updated to include the NEW 1003 (URLA). This website uses cookies so that we can provide you with the best user experience possible. The Global Learning & Development team offers our employees opportunities to grow and develop in and out of the classroom. From mortgage industry and GSE updates to technical AUS training and professional development, there's something for every skill level and role. This hands-on course includes analysis for a PARTNERSHIP (1065/K-1) using a cash flow analysis method. Use Arch MI resources to assist you in your loan processing review. 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. Don't forget to check out our MI Loan Submission Checklistto help you with the loan process. Get easy access to National MI courses and our previously recorded webinars. in group process facilitation, classroom instruction, and organizational effectiveness. We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. The temporary buydown is making a comeback, but do you know how it works? 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?). *The Coverage Needs Estimator is not available for all policy forms. Audience:Loan Processors andJunior Underwriters. 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 . Targeted or advertising cookies collect information about your browsing habits. 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. Your guide to using mortgage origination and servicing tools. Learn how to calculate qualifying income for a self-employed borrower. Many motivated buyers are now exploring new construction homes to fulfill their dream of homeownership. Learn the differences between FNMA & FHLMC guidelines for calculating your self-employed borrowers income when they own a K-1 business. Please enable Strictly Necessary Cookies first so that we can save your preferences! In MGIC's Residential Appraisal Review training webinar, you will get the tools you need to help build and strengthen your appraisal evaluation skills. In this 1-hour webinar, we will show you threeeasymethods to begin using immediately to achieve next level productivity in both your personal and professional life. About Mortgage Insurance, Why Mortgage Insurance, Why Private MI over FHA, Underwriting Options, Delegated Underwriting, Non-Delegated Underwriting, Underwriting Guidelines & Checklists, Underwriting Guidelines, Delegated Required Documents, Non-Delegated Required Documents, Current Bulletins, Products & Rates, Premium Product Comparison, Agency Coverage Requirements, Borrower-Paid MI, Lender-Paid MI, Affordable Lending, Traditional Rate Cards, Refund Schedule, Cancelling Borrower-Paid MI, MI Cancellation Flyer, MI Cancellation FAQs, HoPA Cancellation, Non-HoPA Cancellation, Credit Union Archived Bulletins, Credit Union Rate Cards, Podcast Catalog, Training Catalog, Featured Training of the Month, E-Learning Log In, Reaching NextGen, Multicultural & Multigenerational Home Buyers, Borrower Education, About Rate GPS, Rate GPS User Guide, Rate GPS FAQs, AXIS Log In, AXIS Quick Start Guide, AXIS FAQs, AXIS Resources, Mortgage Qualification, Fixed Rate Mortgage Payments, Adjustable Rate Mortgage Payments, Balloon Mortgage Payments, Digital TRID Pencil Calculator, Master Policy Resources, Master Policy, Rescission Relief Guide, Servicing Guide, Underwriting Resources, Economic Market Snapshot, Board of Directors, Events & Presentations, Historic Stock Lookup. You are protected WITH RESPECT TO THESE MATERIALS AND THE RELATED TRAINING. Our podcast library features industry leading experts from finance and personal growth. More and, more loan files reflect different types of, compensation. How to Set Up and Conduct Virtual Meetings with Your Borrowers. 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. This hands-on course includes analysis for a CORPORATION (1120) using a cash flow analysis method. This dynamic discussion highlights the expansion of diverse markets and strategies you can leverage to address this market shift. If you have a group for in-person, on-site training, we can provide that, too. Reach NextGen, Multicultural, and Multigenerational Homebuyers and learn more about how you can better educate and serve this important and vital demographic. These fees may have a direct impact to both lenders and borrowers. The mortgage industry is starting to see the documentation reflecting those impacts in loan files. ), the act of planning is where the value is. Sagen offers professional development workshops that . One type of reward we are seeing more frequently is the Restricted Stock Unit or RSU being used as qualifying income. Earn free PDUs! Skip to Main Content You may need to adjust your speaker volume. In this webinar, Ginger Bell will demonstrate how to share your screen with borrowers via virtual meetings and record videos using Zoom. Financial Professionals login optionsopens in new window, MyCarescout Login Understand income trending and be introduced to the Arch MI Tax Return Analysis Calculator (AMITRAC). NMI Holdings, Inc. (NASDAQ: NMIH), is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. IN NO EVENT SHALL GENWORTH BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER WITH RESPECT TO THE TRAINING AND THE MATERIALS. For years, the mortgage and real estate industries relied solely on the traditional appraisal report. Processors andUnderwriters. This hands-on course includes analysis for a CORPORATION (1120) using a cash flow analysis method. By Letter: Genworth Financial-SIU. Jun 2016 - Present6 years 10 months. We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. Login/Register to access the new Coverage & Care page featuring the Coverage Needs Estimator*. Delivered by respected financial services industry experts, our webinars are timely, relevant and engaging. Our R70i Aging Experience is a new way to start the conversation about long term care. First, knowledge environment where you are and what you know. To view the calendar with all webinars click here. Best-selling author, Jennifer Powers, joins professional podcaster, Mark Tucker, for a 5-part series on Emotional Intelligence. Allowable add-backs and required deductions will be discussed, and well demonstrate how to calculate income from various business structures, introducing you to the Arch MI Tax Return Analysis Calculator (AMITRAC), the industrys most user-friendly Schedule Analysis form. Making the Loan Application Process Easier, Audience:Loan Originators and Loan Processors. Login to track the status of your submitted claims and payments. Knowing these costs is a first step in helping you plan for the future. National. 30-Minute Session Whether youve been in the business for decades or have just taken on a new role, youll benefit from 10 tips for communicating effectively with mortgage referral partners to gain a regular stream of business. Key Partnerships with learning and development companies. Strategic Business Partnerships with Genworth functions, businesses, human resources managers, and talent development leaders. You are protected 888 Genworth. 30-Minute Session Enhance your reputation by aligning your market, message and media. 30-Minute Session The footage of the webinar as well as an ear into the discussion can serve as a business resource after . Residential appraisals continue to evolve. 60-Minute Session Times and technology have changed creating a quicker, more cost-effective approach to the residential appraisal. We design our products around what you need, whether youre just starting out or facing the issues of aging. Building Your Business with Webinars, Facebook Live Events and YouTube. We use cookies to give you the best experience on our website. Are you ready to work with your customers when the appraisal comes in lower than the purchase price? We also offer a selection of on-demand webinars, also up-to-date, but that can be watched at your convenience. Discover how our homebuyer education program can connect you with more potential borrowers. 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 Contact Customer Service. This module will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. 90-Minute Session Share this document with a friend. Fannie Mae has adjusted loan criteria and updated their systems to accommodate more borrowers without credit scores and help simplify the process for lenders, Residential appraisals continue to evolve. Intended Audience: new loan officers, processors and other mortgage operations professionals. 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. We have sent a temporary Confirmation Code to the email address you provided. That's where the deep financial services experience of OnCourse Learning can make all the difference. Before your next file review, be sure you know what to expect. by ensuring employees have a deep understanding of our industry, business, and customers, as well as applying that knowledge in their role. Start your day smarter. The Fannie Mae Learning Resource Center offers a wide range of materials to help you do business with Fannie Mae. Our employees make a difference in people's lives every day. Hands-on exercises show you how to identify red flags and to understand the differences between fraud schemes and fraud techniques. Review the W-2, 1120S & K1 Using Fannie Mae's 1084. Review and Calculate Miscellaneous Non-Employment Income, Review Income Sources (such as Public Assistance, Disability, Tips, Foster Care, Social Security), Appraisal Underwriting - Part I The Basics, Reviews Basic Appraisal Theory and the Concept of Market Value, Liabilities: Calculating and Modifying the DTI, Review the Relationship of the P&I vs. Borrower Debt to the DTI, Self-Employed Borrower Form 1084 Part I - The Personal Tax Return, Calculate Income for Fannie Mae from Personal Tax Returns, Review Basic Calculations of Salary and Hourly Income, Self-Employed Borrower Form 1084 Part II - The Business Tax Return, Calculate Income for Fannie Mae for Partnerships and S Corporations, Including K-1 Income, Effective Application Interviewing and Review, What is Needed for a Complete Uniform Residential Loan Application, Appraisal Underwriting - Part II Focus on the Sales Comparison, Current Issues Surrounding the Sales Comparison Section of the Uniform Residential Appraisal Form, Rental Income Calculator and Quick Reference Guide for Rental Income, Completion of Schedule F Using 1084 Cash Flow Analysis Form, Utilize Resources to Grow Business - Focus on Actions that Create Loyalty, Critical Thinking and Problem Solving: Structuring a Loan Application. 2023Essent Guaranty, Inc. All Rights Reserved. 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. TRID regulations govern the mortgage process and dictate what information lenders are required to provide to borrowers - as well as when they are required to provide it. to the residential appraisal. Webinars, on the other hand, are more controlled, and the participants have clear roles: One or several experts (the presenters) share their ideas or provide training to an audience (the attendees). 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. 1.800.511.8888. In this course, we will dive into the fundamentals of self-employed borrower income calculation, including allowable add-backs and required deductions. You can find out more about which cookies we are using or turn them off at any time in settings. Contact yourArch MI Account Managerfor details. Suggested Prerequisite: Business Tax Returns 101, Available formats: Webinar, OnDemand Video, Unique Considerations for Sole Proprietorships and Corporations. 800-444-5664 action.center@enactmi.com EnactMI.com ABOUT US There's no place like home. The First Decision Approval video covers all the key underwriting documents required to obtain an MI Approval for non-delegated submissions. Identifies the key areas to focus on in the Uniform Residential Appraisal Report. Its been discovered that motivated buyers will use the first person that calls them back 80% of the time. Watch our step-by-step video tutorials on how to use Radians MI Online platform. You can also watch this short video to learn more about the benefits or RADAR Rates for you and your borrowers and how to easily obtain rate quotes. Various income sources, from Social Security to interest income and capital gains, will be discussed as well as income trending and non-taxable income. Radian's MI Online customer portal makes submitting and activating MI quick and easy. See plans and pricing Sign in Create connections and drive engagement with webinars Get started Learn how to host webinars in Microsoft Teams and find helpful resources. 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. 12:00pm (PT) In this webinar, Andrew Oxley will teach you how to effectively deal with conflict. Intermediate - Mortgage professional that is comfortable with mortgage terminology and loan programs and has an understanding of the 1003 fields, AUS results, collateral types, basic documentation (888 436.9678) Monday - Thursday: 8:30 AM - 6 PM ET. and informed. That's why we've expanded on the GSE's nontraditional credit guidelines to create accessibility for underserved, yet credit-worthy borrowers. 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 Appraisal Appraisal Review Checklist Download PDF Single Family Appraisal Booklet Download PDF Condo Appraisal Booklet Download PDF Appraisal Forms List Download PDF Manufactured Housing Appraisal Booklet Download PDF Analyzing Appraisals for Single Family Residences, Identifying the Key Areas of the Uniform Residential Appraisal Report, Audience:Loan Processors and Underwriters. We are committed to help you plan for your long-term care needs and to helping you make informed decisions. Whether you are new to the industry or a veteran, MGIC courses are great for learning and refreshers!. 10:00am (PT) with Genworth functions, businesses, human resources managers, and talent development leaders. Planning for the Future with Your Spouse or Partner, Lets Talk: Conversations That Make A Difference, Talking To Aging Parents About Their Plans for the Future. 20-Minute Micro Session MGIC's recorded tutorial videos are available on-demand and at no charge, offering the guidance you need, when you need it. Participants learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. 60-Minute Session Visit our COVID-19 page for the latest information on our COVID-19 temporary underwriting guidance given the GSEs' updates on Feb. 15, 2023. Our financial products are offered/underwritten by one or more of the following:Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York (only Genworth Life Insurance Company of New York is admitted in and conducts business in New York); Genworth Mortgage Insurance Corporation;Genworth Mortgage Insurance Corporation of North Carolina; Genworth Financial Assurance Corporation. by providing an environment where employees can share their expertise in a manner that is timely, easily understood, and fosters their role as a trusted advisor to our business leaders. Our new training option offers brief, focused videos to increase your knowledge in 15 minutes or less! Review 8 FAQs about assets and get the answers! Learn how the Borrower-Paid Single Mortgage Insurance option works for borrowers and lenders. Live webinar training is also designed to accommodate busy employees who wish to extend their knowledge in different areas during the workday. Arch MI trains mortgage professionals to compete in todays fast-paced lending environment. Essentials of Mortgage Lending (1 or 2-Day Course), Understanding the Fundamentals of Home Loans. Desktop Underwriter Training Webinar Slides . Radian Timely Topics: Understanding P&L and Business Bank Statement Requirements. Properties with solar panels are becoming increasingly common and can have a big impact on mortgage financing. The webinar can be on-demand or streamed live as long as it teaches viewers about a certain subject of interest or how to gain a specific goal. Forgot username or password? Radian Guaranty Inc's MI Online customer portal offers you an easy tool to submit your MI order to Radian. 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. 3. Mortgage professionals participating in this course will learn Agency guidelines for income calculation and documentation. Live webinars are valuable because they happen at a scheduled time and are a fun way to interact virtually with an expert trainer who engages participants and fields questions. In the first quarter of 2018, conventional loans were used for 74% of all . is here to help real estate & mortgage professionals of all experience levels stay educated. Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. Looking for more info on title services? Our Essentials Training webinars are designed to deliver innovative, mortgage training courses to industry professionals like you. This will include an overview of how it works, the different types of MI products and how it can be cancelled on a mortgage loan. In this short video, we will demonstrate how to notify Radian of a servicing transfer. Gain industry knowledge and essential skills from the experts at MGIC, the industrys leading mortgage insurance authority. The pace of change in the marketplace has accelerated from fast to almost instantaneous. I am fortunate to provide education and support to Advisors nationwide regarding the importance of LTC Planning and the various of solutions . Arch MI offers a mix of live and on-demand webinars and customized on-site training. This short video will provide you information on a major policy update from Fannie Mae as well as access to the tools needed for your borrowers. 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. Are you prepared to review self-employed income document changes due to the drastic influences of the pandemic. 2023 Genworth Financial, Inc. All rights reserved. Youll also review business tax returns and learn the differences between the business structures. 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. Participants will also learn how Validation services and third-party vendors are available to help us properly document a loan file. Learn the 3 big benefits of proving liquidity in your self-employed borrowers businesses. Correctly calculating income is fundamental to insuring a member qualifies for a loan. Check out our latest posts below, and be sure to listen in to our latest episode. Home Suite Home is an exclusive Enact program that helps your borrowers feel more secure in their new home. Selecting this will open a country selector model view. 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

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