Overview

This is the perfect session for any mortgage professional looking to build their knowledge of the most common asset types used to qualify your borrowers.

You will learn:

• Liquid assets needs specific to the mortgage transaction: down payment, closing costs and reserves.
• Eligible and ineligible assets

• To evaluate and sources funds for commonly used liquid assets: checking accounts, savings accounts, CDs, gift funds, stocks, or bonds and business funds.
• Industry and GSE guidelines for documentation, verification and sourcing of funds with a focus on red flags.

Who should attend?

The presentation is recommended for:

• Loan Officers
• Loan Processors
• Underwriters
• Quality Control Staff