Competitive advantages are the reasons people do business with you that go beyond low rates and fees, but how do you describe things like excellent service and trust without sounding like everyone else? Webinars, on the other hand, are more controlled, and the participants have clear roles: One or several experts (the presenters) share their ideas or provide training to an audience (the attendees). Are you prepared to review self-employed income document changes due to the drastic influences of the pandemic. We prepare your frontline, compliance team, executive leadership and board of directors with comprehensive . Participants learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. Audience:Loan Processors andJunior Underwriters. Defining common terms and theories, such as nonrecurring vs. recurring income or expenses, distributions and guaranteed payments, will help you develop a clearer picture of your self-employed borrower's income and financial standing. This is the course for you! Webinar Materials: https://www.mgic.com/training/seminar-materials/appraisal During this webinar, you will get the tools you need to help build and strengthen your appraisal evaluation skills. See more reasons why customers love teaming up with us. 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. 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. That's why we bring our deep expertise, insightful offerings and extra mile service to work every day to help lenders bring the dream of homeownership to more people. Watch Full Recording Effective May 1st, the GSEs, Fannie Mae & Freddie Mac, have announced that there will be changes made to the loan level pricing adjustments, or LLPA, fees. This short video will provide you information on a major policy update from Fannie Mae as well as access to the tools needed for your borrowers. Modules focus on the Three Cs of mortgage lending, including credit, income, assets and collateral. 30-Minute Session We offer . So how do you assist your next borrower and help them purchase the home of their dreams? With guidance from an Essent facilitator, participants will practice calculating the eligible monthly qualifying income for four different variable income types. Toggle Nav. Richmond, VA 23230. Fine-tune your communication skills to improve sales performance. Practice determining frequency of pay and how to accurately qualify your salaried borrowers. E-Learning: Remote Work Series. Learn some of the industry lingo while exploring the importance of Valid AUS Findings to the loan file. 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. Embed Size (px . Earn free PDUs! Watch. 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. Genworths success is dependent on our response to that change. Invite your attendees, plan your event logistics, and decide on a webinar promotion strategy. But the system offers much more. 2023Essent Guaranty, Inc. All Rights Reserved. Learn how to navigate the new Uniform Residential Loan Application (URLA), also known as the Fannie Mae Form 1003 and Freddie Mac Form 65. (888 436.9678) Monday - Thursday: 8:30 AM - 6 PM ET. Third-party websites may use them to remember that you have visited a website, and this information is shared with other organisations such as media publishers. If you have ever thought to yourself, how does she get it all done or how does he have time to attend classes while working full time, then this course is for you. TRID guidelines are designed to help borrowers understand the terms costs associated with of their loan more clearly before closing. Learn the 3 big benefits of proving liquidity in your self-employed borrowers businesses. Webinars Fulfill Your Training Needs with Webinars. Times and technology have changed creating a quicker, more cost-effective approach to the residential appraisal. Essentials of Mortgage Lending (1 or 2-Day Course), Understanding the Fundamentals of Home Loans. How to Set Up and Conduct Virtual Meetings with Your Borrowers. Stay connected to the latest mortgage insurance news, trends and expert insights with timely email alerts. In this workshop, you'll learn how to identify when fraud and misrepresentation are occurring. For years, the. 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. of training needs analysis, design, and development. Course Info & Materials Download Course Materials Case 1 - Lisa Foreman Case Slide 2 - Preparing Personal Tax Returns Using CCH Taxprep Slides Practice Cases 1 - Case 1 2 - Case 2 3 - Case 3 Difficulty & Length Estimated Time: 4 hours Difficulty: Beginner Course Curriculum 1 - Section 1 1 of 3 1.1 Lesson Form 1120 2 of 3 1.2 Lesson Form 1120 3 of 3 The pace of change in the marketplace has accelerated from fast to almost instantaneous. Learn why line items matter on a Schedule C so you can properly make cash flow adjustments when analyzing the borrower who is a sole proprietor of a business. Start your day smarter. Live webinars are valuable because they happen at a scheduled time and are a fun way to interact virtually with an expert trainer who engages participants and fields questions. Identifies the key areas to focus on in the Uniform Residential Appraisal Report. These fees may have a direct impact to both lenders and borrowers. Suggested Prerequisite: Business Tax Returns 201, Unique Considerations for Partnerships and S Corporations. Learn how to put our powerful solutions to work for your business. In this five-minute video, you will learn how the GSEs, Fannie Mae & Freddie Mac, are accepting the desktop appraisal. 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. Advanced Knowledge of training needs analysis, design, and development. 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. We offer 2 different options for you when it comes to running management webinars for your leaders. 10:00am (PT) MGIC > Introducing MGIC's Magic Minutes Training Series Quickly refresh or expand your industry knowledge and skills with our new Magic Minutes training series, Evaluating & Calculating Borrowers' Income. Our featured live webinars focus on timely subjects, usually tied to recent regulatory changes, real-time events or current needs like how to navigate virtual meetings. Are you ready for the potential surge of Construction-to-Permanent loans as a result? Check out our latest posts below, and be sure to listen in to our latest episode. Our goal is to offer competitive pricing using risk-based technology while delivering outstanding service to our lender customers. by ensuring employees have a deep understanding of our industry, business, and customers, as well as applying that knowledge in their role. Analyzing Appraisals for Single Family Residences, Identifying the Key Areas of the Uniform Residential Appraisal Report, Audience:Loan Processors and Underwriters. The practice exercises include various salaried, military, teacher and non-taxable income scenarios. This hands-on course includes analysis for a PARTNERSHIP (1065/K-1/Schedule F) using a cash flow analysis method. Discover how our homebuyer education program can connect you with more potential borrowers. Available formats: Webinar,On-Demand Video, The Basics of Self-Employed Borrower Income Calculation. 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. In a world where working remotely is common, we need to change how we do business. Enhance your reputation by aligning your market, message and media. In a world where working remotely is common, we need to change how we do business. You may need to adjust your speaker volume. Intended Audience: Mortgage professionals seeking fundamental knowledge of asset documentation and various types of acceptable assets for qualifying for a mortgage loan. Whether you are an originator or an underwriter, we have the resources and answers you need to understand how mortgage insurance can benefit you and your borrower. Your audience. Planning is everything. While many things can affect a plan (COVID-19, anyone? Intended Audience: new loan officers, processors and other mortgage operations professionals. Participants will receive our cash flow analysis tools, a cash flow worksheet (PDF) and calculator (Excel) to help you in your daily practice. Whether youre new to the industry or a seasoned professional, Faster Closings delivers something for everyone. Learn the five-step GRASS method, three common mistakes to avoid and the most important (and sometimes the most difficult) thing your plan should include. I always walk away with something, even if it's a little tip or trick, from every MGIC webinar.. 2023 Genworth Financial, Inc. All rights reserved. Join IIL's free webinars, for skilling up on project management, leadership, agile and scrum, communication, and work-life balance. 30-Minute Session Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. This video highlights the functionality supported by Radian within Encompass to order and simplify the title process. Sign up here. 20-Minute Micro Session This hands-on course includes analysis for a CORPORATION (1120) using a cash flow analysis method. by supporting specific courses, continuing education and designations necessary for our technical professionals to maintain the most current information for their area of expertise. To request on-site training, please contact yourArch MI Account Manager. Most webinars grant participants access to the webinar series upon completion of the live webinar. This short video will show you how Radian supports these transactions. Conventional loans are much more common than government-backed financing. 11:00am (PT) Home Suite Home is an exclusive Enact program that helps your borrowers feel more secure in their new home. In this recorded webinar, we will show how to set up, invite and host online webinars, FaceBook Live Events and post videos onto YouTube to educate, inform and promote. Browse Classes CLASS CALENDAR Firstly, you can select from our 16 off-the-shelf topics and we can run the webinar for your people or we can customise a webinar for you to cover exactly what you need.. Our clients like to use our existing webinar content and add a couple of sessions here . Gain industry knowledge and essential skills from the experts at MGIC, the industry's leading mortgage insurance authority. Led by our team of experienced educators, youll get hands-on, practical training on topics that are relevant to your everyday operations. Click any title below to learn more and register. Webinars are an excellent way to share important information, build brand authority, showcase . Learn about the various tax returns and forms in this introductory class. Looking for more info on title services? Audience:Loan OriginatorsandMarketing Staff. Cookies help us improve your website experience. Genworth has surveyed providers of various types of care across the country for 18 years. Creating a Customer Communication Strategy Plan, Keeping Customers Informed and Engaged in a Virtual World. In this course you'll learn the basics of mortgage insurance. ), the act of planning is where the value is. Whether you are new to the industry or a veteran, MGIC courses are great for learning and refreshers!. In this course, we will focus on the unique considerations of Sole Proprietorships and Corporations. In addition, registered users can also sign up for email and text notifications, elect to go paperless, assign a delegate for your policy and much more. The First Decision Approval video covers all the key underwriting documents required to obtain an MI Approval for non-delegated submissions. 1-Day Course:This one-day hands-on fundamentals course delivers information that you can use to be a successful mortgage industry team member. Here is a list of some of our favorite free TRID training links: Free CFPB TRID Implementation Page. One type of reward we are seeing more frequently is the Restricted Stock Unit or RSU being used as qualifying income. We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. Technical Skills by supporting specific courses, continuing education and designations necessary for our technical professionals to maintain the most current information for their area of expertise. Properties with solar panels are becoming increasingly common and can have a big impact on mortgage financing. Strategic Business Partnerships with Genworth functions, businesses, human resources managers, and talent development leaders. 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. by providing an environment where employees can share their expertise in a manner that is timely, easily understood, and fosters their role as a trusted advisor to our business leaders. Learn the key fields and information that can impact your borrower's loan application. Various income sources, from Social Security to interest income and capital gains, will be discussed as well as income trending and non-taxable income. Interpersonal Skills by providing an environment where employees can share their expertise in a manner that is timely, easily understood, and fosters their role as a trusted advisor to our business leaders. Getting a mortgage is one of the most stressful things people go through. Knowing these costs is a first step in helping you plan for the future. Expert Skills in group process facilitation, classroom instruction, and organizational effectiveness. Success in mortgage lending starts with a high-performing team. Three keys to becoming a better listener. 1065/K-1 Partnership Analysis (with Schedule F) - Self-Employed Borrower, 1065/K-1 Partnership Analysis Self-Employed Borrower, 1120 Corporation Analysis - Self-Employed Borrower, 1120S/K-1 S-Corporation Analysis - Self-Employed Borrower, Analyzing Income for the Self-Employed Borrower, DU Live! If you have a group for in-person, on-site training, we can provide that, too. This hands-on course includes analysis for a PARTNERSHIP (1065/K-1) using a cash flow analysis method. Our employees make a difference in people's lives every day. Mortgage professionals participating in this course will learn Agency guidelines for analyzing variable income in addition to learning how to identify potential sources of variable income. Tune into expert insights on your favorite podcast app. For example, in April 2020 alone, there was a reported 10% decline in self-employed individuals, causing a direct impact on your borrower . Let's complete your profile. 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. Building Your Business with Webinars, Facebook Live Events and YouTube. Show Training & Webinars Borrower Education resources Access resources to First Time Home Buyers Education and Landlord Counseling. Financial Professionals login optionsopens in new window, MyCarescout Login 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. You will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income. Gain a basic understanding of the Self-Employed Borrower by learning about the various business entities, their required tax forms and how to calculate liquidity for these types of borrowers. This Timely Topics video will help you better understand those changes and impacts. For a first-time homebuyer, the process comes with a lot of unknowns. Quickly refresh or expand your industry knowledge and skills with our new Magic Minutes training series, Evaluating & Calculating Borrowers Income. estate industries relied solely on the traditional appraisal report. Learn when and why social media can benefit your business, including tips on driving lead generation. We will simplify it, so you can easily understand how it works, and its potential benefits. Learn how to calculate qualifying income using a cash flow analysis method. Are you ready for your next loan file containing RSUs? His podcasts present smart tips, expert guidance and innovative approaches that can transform your prospects. In this mini-workshop we will discuss the basics of income calculation, including base, bonus, overtime and commission. We will also review the principles of profit and loss statement requirements, net operating loss carryover considerations and person debts paid by the business. TRID regulations govern the mortgage process and dictate what information lenders are required to provide to borrowers - as well as when they are required to provide it. In this webinar, Ginger Bell will demonstrate how to share your screen with borrowers via virtual meetings and record videos using Zoom. We've expanded our Nontraditional Credit Guidelines. Genworth is committed to helping families become more financially secure, self-reliant, and prepared for the future. 60-Minute Session Click here. April 2020 Training Webinar Calendar Keywords: webinar, april, training Created Date: 3/12/2020 2:32:28 PM . Our new Timely Topics video can assist you in preparing for these changes. . Collaborated with Genworth Sales Staff to strengthen customer relationships through training, to leverage customer decisions and to help ensure Genworth received a stronger book of business . We'll walk you through loan scenarios designed to introduce the rental income guidelines, and highlight any differences between Agency guidelines pertaining to rental income. Processors andUnderwriters. In this 60-minute online workshop, you'll learn the why behind allowable add-backs in the cash flow analysis of investment property and receive hands-on practice using our Cash Flow Analysis Worksheet. The thought of purchasing a home might be daunting for many. In this short video, Radian National Training will touch on how these fixtures can impact the mortgage process. 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. Find out the actual cost of a variety of long term care options nationally, as well as right where you live. E-LEARNING & Previous Webinars Get easy access to National MI courses and our previously recorded webinars. Don't forget to check out our MI Loan Submission Checklistto help you with the loan process. This video will provide the details you need for that next customer conversation. Pilson, Timmie (Genworth) Created Date: 10/27/2010 3:33:25 PM Other titles: Income Calculation Worksheet Company: GMAC ResCap . In April 2020 alone, there was a reported 10% decline in self-employed individuals. is here to help real estate & mortgage professionals of all experience levels stay educated. Understand the impact of mortgage fraud, how to spot it and how to prevent it. Our Essentials Training webinars are designed to deliver innovative, mortgage training courses to industry professionals like you. 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. 872012 Genworth Financial, Inc. All rights . Genworth: Financial Solutions for Long Term Care Check the Status of Your Claim Now Login to track the status of your submitted claims and payments. Mortgage professionals participating in this course will learn Agency guidelines for income calculation and documentation. Fannie Mae has adjusted loan criteria and updated their systems to accommodate more borrowers without credit scores and help simplify the process for lenders. Contact Customer Service. In less than 10 minutes, we will define it, discuss Desktop Underwriter as it relates to trended credit data and talk about the impact that trended credit data will have on Arch MI-insured loans. By Letter: Genworth Financial-SIU. Enhanced Customer Service Through Better Business Communications, Best Practices in Professional Business Communication, Fannie Mae and Freddie Mac Renovation Programs, Understand the Basics for Fannie Mae and Freddie Mac Renovation Programs, Highlights Critical Areas of Purchase Transactions, Understanding Adjustable Rate Mortgages (ARMs), Leveraging Mortgage Insurance in Today's Market, Structuring Mortgage Insurance in today's market, Covers HPA 1998 and CFPB Bulletin, Termination Procedures, and Initial/Annual Disclosures, Managing the Middles - A Look at LTV Scenarios, How to differentiate yourself as an advisor in this competitive market. In addition to our extensive recorded course catalog and in-person training opportunities, Genworth also offers tons of live webinars where you can ask questions in real-time. Ask Yourself Whether a Webinar Is the Right Tool for Your Needs. Available formats: Featured Webinar,OnDemand Video. A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. With National MI University, you have access to training resources that cover more than just industry-leading topics. Strategies for Achievement Learned on a 500-Mile Trek Across Spain. Understand how to manage your long term care insurance claim by learning what to expect, understanding the claims process and what happens next. Let us help you build, strengthen and educate your team. Get the latest updates, industry trends, and guideline changes on GSE-related policies. Start planning for long term care so they can live life with confidence. Friday 9 AM-6 PM ET. The free sessions provide timely and strategic information about the business of learning, current trends impacting workforce development, best practices for training and talent management, and practical information on the latest tools and technology. In the first quarter of 2018, conventional loans were used for 74% of all . During this session we will discuss what LPA reviews; the Importance of data integrity and we will highlight key areas of interest on the Feedback Certificate. Learn the basics of applying Fannie Mae's & Freddie Macs conventional guidelines on rental income in qualifying for a mortgage. We deliver skill-building training programs and special events right to your desk through our webinars. Contact Us Contact Us 888 GENWORTH(888 436.9678) Monday-Thursday8:30 AM-6 PM ETFriday9 AM-6 PM ET Contact CareScout at 800 571.1918 Search Search Genworth.com Aging & You Go BackAging & You Aging & Your Health Go BackAging & Your Health Hearing Impairments Vision Simulation Mobility Challenges Aging & Your Family Delivered by respected financial services industry experts, our webinars are timely, relevant and engaging. 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. March 2023. National. Learn the mathematical formulas for five key ratios used to assess the risk associated with mortgage loans. Forgot username or password? In MGIC's Residential Appraisal Review training webinar, you will get the tools you need to help build and strengthen your appraisal evaluation skills. 2023 Genworth Financial, Inc. All rights reserved. IMPORTANT: Do not close this window until you enter the confirmation code. Our R70i Aging Experience is a new way to start the conversation about long term care.