At your fingertips: the latest bulletin announcements and MGIC news releases regarding industry changes. Webinar steps Before the webinar The organizer: Schedules the webinar well in advance, usually by several weeks. 2023 Genworth Financial, Inc. All rights reserved. With National MI University, you have access to training resources that cover more than just industry-leading topics. You will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. In this course, we will introduce the various business structures, the tax forms used to report business income and demonstrate how income flows from business to personal tax returns. (Established professionals may also find this course a good refresher.). Accessory Dwelling Units or ADU's are becoming more common in mortgage transactions, yet many are unaware of the specific guideline requirements for this type of property. self-paced training, timely videos, podcasts, and instructor-led live webinar sessions. You can also watch this short video to learn more about the benefits or RADAR Rates for you and your borrowers and how to easily obtain rate quotes. 10:00am (PT) Learn some of the industry lingo while exploring the importance of Valid AUS Findings to the loan file. But the system offers much more. Targeted or advertising cookies collect information about your browsing habits. Contact your Account Managerfor more information about this course. Times and technology have changed creating a quicker, more cost-effective approach to the residential appraisal. 1-Day Course:This one-day hands-on fundamentals course delivers information that you can use to be a successful mortgage industry team member. 800-444-5664 action.center@enactmi.com EnactMI.com ABOUT US There's no place like home. Our podcast library features industry leading experts from finance and personal growth. Skip to Main Content Practice calculating variable income analysis using two commonly encountered types of income. Our Valentine's Day gift to you 13 webinar . For years, the mortgage and real estate industries relied solely on the traditional appraisal report. We've expanded our Nontraditional Credit Guidelines. In this mini-workshop we will discuss the basics of income calculation, including base, bonus, overtime and commission. Monday-Thursday 8:30 AM-6 PM ET. We design our products around what you need, whether youre just starting out or facing the issues of aging. 1.800.511.8888. Share this document with a friend. Five Values that establish your intentions and ensure your communication is understood and acted on. You are protected To get started with ordering MI and servicing assistance from MGIC, begin with a review of our submission options and helpful resources. Need a refresher? Effective September 18th, Fannie Mae will implement several new Desktop Underwriter (DU) changes that may have a direct impact on the loans in your pipeline. You are protected We'll review what each ratio represents, why and how it is used in an analysis and where and how it functions in the decision-making process. Todays employers have found unique ways to, compensate or reward their employees. National MI believes in expanding access to the American dream of homeownership. These fees may have a direct impact to both lenders and borrowers. In this second course of the Back to Basics Income Fundamentals series, we review documentation requirements, explore the components of paystubs and W-2s, discuss how to determine pay cycle frequency and provide an overview of mandatory payroll deductions. Understand income trending and be introduced to the Arch MI Tax Return Analysis Calculator (AMITRAC). In this featured webinar, Kristin Messerli, leading strategist on NextGen finance and homeownership, will provide participants with new research and best practices to design better housing and finance solutions for millennial and Gen Z women to boost sales and revenue in 2023. Invite your attendees, plan your event logistics, and decide on a webinar promotion strategy. In this 1-hour webinar, we will show you threeeasymethods to begin using immediately to achieve next level productivity in both your personal and professional life. One type of reward we are seeing. 10 Keys to More Effective Presentation Skills. Select Download Format Genworth Calculator And Quick Reference Guide Download Genworth Calculator And Quick Reference Guide PDF Download Genworth Calculator And Quick Reference Guide DOC Site is lenders, and enforceable mortgage insurance Radian Guarantys SplitEdge MI, commonly called a split premium, divides the MI premium flexibly, between an upfront payment, and reduced monthly payments! Genworth is committed to helping families become more financially secure, self-reliant, and prepared for the future. Before your next file review, be sure you know what to expect. What is Trended Credit Data? This module will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. 60-Minute Session Learn simple techniques you can use to set loans up for success. This short video highlights some benefits, terms, and scenarios for your understanding. Creating an outline for your webinar content is easy if you already have a goal in mind. How to Read AUS Findings Like a PRO, Focus on Assets: Acceptable Documentation and Eligible Sources, K-1 Comparison - The Differences Between FNMA and FHLMC (Micro Session), LPA Live! About Mortgage Insurance, Why Mortgage Insurance, Why Private MI over FHA, Underwriting Options, Delegated Underwriting, Non-Delegated Underwriting, Underwriting Guidelines & Checklists, Underwriting Guidelines, Delegated Required Documents, Non-Delegated Required Documents, Current Bulletins, Products & Rates, Premium Product Comparison, Agency Coverage Requirements, Borrower-Paid MI, Lender-Paid MI, Affordable Lending, Traditional Rate Cards, Refund Schedule, Cancelling Borrower-Paid MI, MI Cancellation Flyer, MI Cancellation FAQs, HoPA Cancellation, Non-HoPA Cancellation, Credit Union Archived Bulletins, Credit Union Rate Cards, Podcast Catalog, Training Catalog, Featured Training of the Month, E-Learning Log In, Reaching NextGen, Multicultural & Multigenerational Home Buyers, Borrower Education, About Rate GPS, Rate GPS User Guide, Rate GPS FAQs, AXIS Log In, AXIS Quick Start Guide, AXIS FAQs, AXIS Resources, Mortgage Qualification, Fixed Rate Mortgage Payments, Adjustable Rate Mortgage Payments, Balloon Mortgage Payments, Digital TRID Pencil Calculator, Master Policy Resources, Master Policy, Rescission Relief Guide, Servicing Guide, Underwriting Resources, Economic Market Snapshot, Board of Directors, Events & Presentations, Historic Stock Lookup. Effective September 18th, Fannie Mae will implement several new Desktop Underwriter, Looking for more info on title services? More and, more loan files reflect different types of, compensation. Customized marketing for loan originators, Explore the benefits of partnering with MGIC. Housing and Mortgage Market Review (HaMMR). In this short video, we will demonstrate how to activate MI on a Borrower Paid Monthly (BPMI) with deferred premium. Discover untapped markets for additional business, understand the importance of content marketing, know what your borrowers value in a lender, create unique competitive advantages and examine a framework for selecting Realtor partners. In this session, youll learn: Available formats: Webinar (Contact your Account Manager), On-Site Training (Contact your Account Manager), Ten Tips That Turn the Tide in Your Favor, Audience:Loan Originators and Mortgage Management Professionals. How to Read AUS Findings Like a PRO, Paystubs - Frequency & Formulas (Micro Session), Quick Tips for Bonus/Overtime (Micro Session), Schedule C - Why Line Items Matter (Micro Session), The Nuts & Bolts of Rental Income: Solving & Simplifying the When & How, Understanding Business Liquidity (Micro Session). Learn the 3 big benefits of proving liquidity in your self-employed borrowers businesses. It's as easy as 3,2,1! conducted on an ongoing basis to monitor employee satisfaction. Understanding Loan Product Advisor - Advanced Guidelines and Updates, Updated Policy or Underwriting Changes or Clarifications, How to Determine if a Borrower Qualifies for the Program and its Benefits, Learn How to Properly Calculate Assets and Reserves for Mortgage Loans, Understand Fannie Mae's HomeReady Loan Program, Best Practices in Avoiding Common Underwriting Errors, Review Common Mistakes and Learn How to Avoid Them, Review of Partnership Income Form 1065 with Schedule K1, Fannie Mae 1084, and Review the K-1, 1065 and Solvency Test, Verify Sufficient Funds to Close by Completing the Two Examples, Review Different Types of Income and the LES (Leaving & Earning Statement), Review and Calculate Miscellaneous Employment Income, Bonus, Overtime, Commissions, Seasonal Income, Unemployment, Temporary Leave, Review S-Corporation - Form 1120S and 1040 with W2 and K1. In a world where working remotely is common, we need to change how we do business. Processors andUnderwriters. Live Webinars. Sign up here. In this first Back to Basics course, we review acceptable income for mortgage qualification, including employment and non-employment sources. Enhance your understanding of self-employed borrowers and develop an understanding of the components of business tax returns. This short video will define the LLPA, discuss the upcoming changes, and review ways for you to support your customers. Learn about the various tax returns and forms in this introductory class. General Dwight Eisenhower said, Plans are nothing. Join one of our live webinars or learn on-demand at your own pace. Our new 45-minute class will show you five key tipsyou can take to avoid potential time delays, and has been updated to include the NEW 1003 (URLA). We are often asked how mortgage insurance can support Construction-to-Permanent transactions. Are you prepared to review self-employed income document changes due to the drastic influences of the pandemic. Let us help you build, strengthen and educate your team. Allowable add-backs and required deductions will be discussed, and well demonstrate how to calculate income from various business structures, introducing you to the Arch MI Tax Return Analysis Calculator (AMITRAC), the industrys most user-friendly Schedule Analysis form. 20-Minute Micro Session Creating a Customer Communication Strategy Plan, Keeping Customers Informed and Engaged in a Virtual World. Making the Loan Application Process Easier, Audience:Loan Originators and Loan Processors. ), the act of planning is where the value is. Want to gain a better understanding of earnings, distributions and liquidity analysis? Understand and calculate basic types of borrower income, including second job and multiple job borrowers, contractual employees, base pay, overtime, and more. Available formats: Featured Webinar,OnDemand Video. Knowing these costs is a first step in helping you plan for the future. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower. Start your day smarter. Dubai is different than Dallas, for example . IN NO EVENT SHALL GENWORTH BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER WITH RESPECT TO THE TRAINING AND THE MATERIALS. These cookies dont collect information that identifies you personally as a visitor. 90-Minute Session Correctly calculating income is fundamental to insuring a member qualifies for a loan. COURSES & REGISTRATION See our full list of upcoming classes and register. For more information about Genworth Training, contact your Genworth sales representative, call the Genworth ActionCenter at 800 444.5664, or you can view . Combine that with the recent pandemic environment and it is not surprising that your customers have varying needs and comfort levels for communication and engagement. First, knowledge environment where you are and what you know. Strategies for Achievement Learned on a 500-Mile Trek Across Spain. Suggested Prerequisite: Business Tax Returns 101, Available formats: Webinar, OnDemand Video, Unique Considerations for Sole Proprietorships and Corporations. TRID also regulates how much lenders can . Essentials Training Keep Your Career On The Right Track Whether you're new to the industry or a seasoned professional, our live webinars, self-paced learning modules and powerful analysis tools offer something for everyone. Watch Webinar Recording How to Read a Credit Report in Under 5 Minutes Who Should Attend: Loan Officers, Processors, Underwriters Being able to confidently review a credit report with your borrower isn't always easy. Available formats: Webinar,OnDemand Video, Understanding Self-Employed Borrowers and Business Tax Returns, Audience:Loan Originators, Sr. Forgot username or password? Review the W-2, 1120S & K1 Using Fannie Mae's 1084. Review and Calculate Miscellaneous Non-Employment Income, Review Income Sources (such as Public Assistance, Disability, Tips, Foster Care, Social Security), Appraisal Underwriting - Part I The Basics, Reviews Basic Appraisal Theory and the Concept of Market Value, Liabilities: Calculating and Modifying the DTI, Review the Relationship of the P&I vs. Borrower Debt to the DTI, Self-Employed Borrower Form 1084 Part I - The Personal Tax Return, Calculate Income for Fannie Mae from Personal Tax Returns, Review Basic Calculations of Salary and Hourly Income, Self-Employed Borrower Form 1084 Part II - The Business Tax Return, Calculate Income for Fannie Mae for Partnerships and S Corporations, Including K-1 Income, Effective Application Interviewing and Review, What is Needed for a Complete Uniform Residential Loan Application, Appraisal Underwriting - Part II Focus on the Sales Comparison, Current Issues Surrounding the Sales Comparison Section of the Uniform Residential Appraisal Form, Rental Income Calculator and Quick Reference Guide for Rental Income, Completion of Schedule F Using 1084 Cash Flow Analysis Form, Utilize Resources to Grow Business - Focus on Actions that Create Loyalty, Critical Thinking and Problem Solving: Structuring a Loan Application. In this five-minute video, you will learn how the GSEs, Fannie Mae & Freddie Mac, are accepting the desktop appraisal. Fannie Mae has adjusted loan criteria and updated their systems to accommodate more borrowers without credit scores and help simplify the process for lenders, Residential appraisals continue to evolve. Learn the key fields and information that can impact your borrower's loan application. This unique professional development opportunity provides insights on how to grow and expand your skills to achieve more happiness and success at home and work. In addition to helping our employees with their training, leadership, and development needs, we also partner with various learning and development companies to help our employees drive their business performance. Cookies help us improve your website experience. View The Training Catalog Self-Employed Borrower Tools We get it, mental math is hard. Contact yourArch MI Account Managerfor details. Discover, the keys to having your best year ever, the most important (yet often missing) part of the formula for success, and disciplines you often dont think about. This video series, featuring Rene Rodriguez, will tackle some of your most complex challenges with simple steps that lead to positive results. You may need to adjust your speaker volume. Login/Register to access the new Coverage & Care page featuring the Coverage Needs Estimator*. Indexes, margins, caps and more3/6, 5/6, 7/6 to explore. Start planning for long term care so they can live life with confidence. 60-Minute Session 20-Minute Micro Session to the residential appraisal. Conventional loans are much more common than government-backed financing. Microsoft Teams webinars Meet with customers and coworkers from nearly anywhere. Leading the private mortgage insurance industry by supporting our customers and helping borrowers find a better way to achieve their dreams of homeownership. With guidance from an Essent facilitator, participants will learn to interpret the cadence with which a borrowers income is received and also practice calculating the base, monthly, qualifying income in nine separate exercises. This hands-on course includes analysis for a S-CORPORATION (1120-S/K-1) using a cash flow analysis method. Discover why you will, too. Audience:Loan Processors, Loan Processors and Jr. Underwriters. The Fannie Mae Learning Resource Center offers a wide range of materials to help you do business with Fannie Mae. Enhance your reputation by aligning your market, message and media. (Established professionals may also find this course a good refresher.). about experiencing the effects of aging firsthand. Click any title below to learn more and register. technology have changed creating a quicker, mor. With the increasing popularity of video content in marketing, webinars have become a go-to strategy for businesses looking to educate, engage, and convert their audience. Ask Yourself Whether a Webinar Is the Right Tool for Your Needs. Expand your market of borrowers by learning the key points and unique features of the Fannie Mae HomeReady Program. Get acquainted with Title and what to expect during the Pre-Closing, Closing, and Post-Closing processes, including key steps involved in obtaining a Title. Intended Audience: new loan officers, processors and other mortgage operations professionals. Learn a full spectrum of mortgage concepts, from the fundamentals to the complex. FHA or Enact MI? More and more loan files reflect different types of compensation. Our full-time trainers are mortgage industry experts. Most webinars grant participants access to the webinar series upon completion of the live webinar. You are protected Jun 2016 - Present6 years 10 months. Practice determining frequency of pay and how to accurately qualify your salaried borrowers. Short videos help maximize your learning experience, Timely podcasts you can listen to while on the go, Supplemental activities reinforce important concepts and apply what have you learned, Engaging workbooks and training materials bolster your knowledge. Friday 9 AM-6 PM ET. Find what you need to know about MGICs mortgage insurance rates. Essent Essentials K-1 Workshop is designed to shed light on the perplexities of income analysis for Partnerships and S-Corps. Whether you are a seasoned mortgage professional or new to mortgage lending, this video contains a lot of useful information to ensure success when working with Radian. Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. Available formats: On-Demand Video, On-Site Training (Contact your Account Manager), Learn How to Record Videos, Share Screens and More Using Zoom. The COVID-19 pandemic has demanded so many changes over the past year, including how the mortgage industry reviews loan files. Arch MI offers a mix of live and on-demand webinars and customized on-site training. 550 East Swedesford Road Suite 350 Wayne, PA 19087 . Get registered for training on AEP, OEP, selling strategies, plans and products, technology tools, and more. Financial Professionals login optionsopens in new window, MyCarescout Login Self-Employed Borrower Form 91 Part I - The Personal Tax Return Webinar April 17, 2023 @ 12PM EST Self-Employed Borrower Form 91 Part II - The Business Tax Return Webinar April 24, 2023 @ 12PM EST Navigating Mutual Threats & Opportunities with your Realtor partners Guide in understanding customers and their needs . Get an overview of The Three Cs of mortgage banking including income/employment, assets/reserves and ratios. 2023Essent Guaranty, Inc. All Rights Reserved. The practice exercises include various salaried, military, teacher and non-taxable income scenarios. Intended Audience: new loan officers, processors and other mortgage operations professionals. Embed Size (px . Genworth has surveyed providers of various types of care across the country for 18 years. 3. 2023 Genworth Financial, Inc. All rights reserved. Our foundations Series covers Real Estate Property Valuations Essentials. Understand what documents to gather, how to review and verify required documentation, and prepare the loan application for underwriting. Reach NextGen, Multicultural, and Multigenerational Homebuyers and learn more about how you can better educate and serve this important and vital demographic. Arch MI offers a mix of live and on-demand webinars and customized on-site training. Learn how to calculate qualifying income for a self-employed borrower. Well break down mileage depreciation, and how to know if you can include an additional add-back (Schedule C), and review the different requirements for utilizing Corporate cash flow. This is the course for you! Home Suite Home is an exclusive Enact program that helps your borrowers feel more secure in their new home. Our financial products are offered/underwritten by one or more of the following:Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York (only Genworth Life Insurance Company of New York is admitted in and conducts business in New York); Genworth Mortgage Insurance Corporation;Genworth Mortgage Insurance Corporation of North Carolina; Genworth Financial Assurance Corporation. We prepare your frontline, compliance team, executive leadership and board of directors with comprehensive . To request on-site training, please contact yourArch MI Account Manager. Learn how to navigate the AMITRAC in this short webinar, An Introduction to Business Tax Structures, Forms and Cash Flow, Audience:Loan Originators, Loan Processors, Underwriters. Available formats: Webinar,On-Demand Video, On-Site Training (Contact your Arch MI Account Manager), The First Step in Understanding Acceptable Qualifying Income, Audience:Loan Originators, Loan Processors, Jr. Underwriters.
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