If you’re new to the underwriting process, this webinar is designed just for
you! Learn the essentials of underwriting, including documentation,
calculations, analysis, and regulatory compliance. You’ll walk away with tools
and tips that will help you every day.
- Understand the primary questions that underwriting should address
- Follow Regulation B dos and don’ts for requesting and analyzing financial information
- Calculate a borrower’s monthly income consistently and accurately, considering
several common sources of income
- Employ tips on assessing a borrower’s monthly obligations, including how to treat
credit card debt, debt in deferment, and maturing debt
- Appreciate the importance of documenting your underwriting analysis, and use
provided tips for doing it effectively
- Identify the information to gather for various loan requests and how it can be used
This webinar will focus on the fundamentals of underwriting credit: the essentials of gathering the right information, analyzing it in an informative, consistent manner, and understanding the impact of fair lending rules. Since this webinar will focus on the basics, it will address the underwriting process, the information needed, and how to analyze and document the results in a useful, compliant manner. It will also explain why certain aspects of underwriting are done the way they are. Although the program will focus primarily on underwriting consumer and residential mortgage loans, it will also address how underwriting fundamentals apply to commercial lending. Join us to learn the essentials of calculating debt-to-income ratios using tax returns, pay stubs, and credit reports.
(Note: This webinar will not include a line-by-line discussion of tax return analysis.)
Aaron Lewis, Young & Associates, Inc.
Aaron Lewis is a senior consultant at Young & Associates, Inc. With over 15 years in the
banking industry, his expertise is now dedicated to the lending division of Young &
Associates where he assists financial institutions with loan, ALLL, policy, and credit process and compliance reviews. He also conducts seminars on credit risk and compliance.
Prior to joining Young & Associates, Aaron was the Vice President Credit Administrator of
a community financial institution in southeast Michigan and managed all facets of the
lending function, including originations, underwriting, ALLL analysis, servicing, and
secondary market compliance. He holds a Bachelor’s in finance from Michigan State
University and graduated from the Graduate School of Banking, University of Wisconsin.
Live and recorded webinar, handouts, quiz with answer key and training log are included.
Your registration includes unlimited locations (until further notice), making it easier to share and learn with remote staff during the coronavirus crisis. Training materials will be available to download the day of the event.