MPF® University Welcomes Radian: Liquid Assets
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 vs. ineligible assets
- How 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.
The presentation is recommended for:
- Loan Officers
- Loan Processors
- Underwriters
- Quality Control Staff