Blueprint for Loan Originations: Using the 1003 as a Guide
| Description
Using the Form 1003 as a guide, this course is an origination and processing primer. It covers how to comprehensively complete the Uniform Residential Mortgage Loan Application and increase the likelihood of loan approval at first pass in the underwriting process. All 10 sections of the Uniform Residential Loan Application 1003 will be discussed, with particular emphasis on five sections: “The Transaction,” “The Borrower,” “Employment,” “Income,” and “Assets and Liabilities. |
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Agenda
- Market Conditions and fraud trends as drivers for Origination Accuracy
- Brief history of the 1003
- Reasons for using a Uniform Residential Mortgage Loan Application
- Review of the 10 sections of the 1003
Length
- 2 hours
Recommended Attendees
- Entry level course: This course is most valuable for any person seeking an understanding of how to read the residential loan application (1003).
Target audience: Sales & Operations
Prerequisite
- None
Materials
- Blueprint for Loan Originations: Using the 1003 as a Guide [PDF]
- Blueprint for Originations Webinar Exhibits.pdf
- Pen/Pencil
Questions?
- Contact Tina Callisto at 925.658.6836
The mortgage insurance discussed in this website is underwritten by
PMI Mortgage Insurance Co. and its affiliates.
PMI Mortgage Insurance Co. and its affiliates.
