DTI/LTV/CLTV
DEFINITION, HOW TO CALCULATE DTI, LTV AND CLTV
CONDOMINIUMS
HOW THEY WORK, FULL REVIEW, LIMITED REVIEW, PERS AND RED FLAGS
APPRAISAL
TYPES OF APPRAISALS, SAMPLE SFR, CONDOMINIUM, MANUFACUTRED HOUSEING 204 UNIT AND RENT COMPARISON SAMPLES
MANUFACTURED HOMES
DEFINE CONSTRUCTION TYPE, PROPERTY REQUIREMENTS, HUD TAG/LABEL, APPRAISAL INFORMATION, NEW CONSTRUCTION
SURVEY
ASPECTS OF SURVEY, UNDERSTANDING METES AND BOUNDS, SURVEY STATES, CHANGES TO PROPERTY
RENTAL INCOME
SUBJECT/NON SUBJECT GUIDELINES, HOW TO CALCULATE, CONVERTING PRIMARY RESIDENCE, RENT COMPARISON, BOARDER INCOME, SAMPLE RENTAL INCOME WORKSHEET
ASSETS
EMD, LARGE DEPOSITS, GIFTS, EMPLOYER ASSISTANCE, CASH ON HAND
MORTGAGE INSURANCE
DEFINITION, PURPOSE, CALCULATION METHODS, LENGTH OF PAYMENTS, REFUNDS & CANCELLATIONS
BANK STATEMENTS
IDENTIFYING RED FLAGS, VERIFYING INFORMATION, SAMPLE BANK STATEMENT REVIEW
TITLE POLICY
DEFINITION, TYPES OF POLICIES, COVERAGES, UNDERSTANDING THE SCHEDULES
FRAUD
TYPES OF FRAUD, CURRENT TRENTDS, REAL LIFE STORIES
CREDIT REPORT
LEARN FCRA, NATIONAL REPORTING COMPANIES, GO THROUGH SAMPLE CREDIT REPORT
PAYSTUB
PAYSTUB REQUIREMENTS, SAMPLE PAYSTUB EXAMPLES, RED FLAGS
SELF EMPLOYED INCOME
FACTORS, LENGTH, SCHED C, PARTNERSHIP, LLC, SCORP, BUSINESS DEBT, VERIFYING THE INCOME
INCOME
FULL TIME, PART TIME, SECOND JOBS, SEASONAL, NOTE INCOME, TRUST INCOME, MILITARY INCOME, NON TAXABLE INCOME
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