Loading...
$43.00
  • Format:Online Self-Paced
  • Education Type:Professional Development
  • Line of Authority:N/A
  • Language:N/A
  • Credit Hours:N/A
Description

Asset verification is one of the key components of the borrower qualification process. Effective mortgage professionals have a firm understanding of the guidelines around the verification of borrower assets and how to effectively counsel borrowers on what is needed. In this course, participants will learn about the various asset types typically used in mortgage transactions and how they are documented.

What You'll Learn

  • Define key terminology related to borrower asset documentation
  • Explain the importance of assets and asset documentation review in mortgage transactions
  • Differentiate the types of assets that can and cannot be used for down payment funds and reserves
  • Identify common asset review mistakes and how to avoid them

What's Included