Essentials Live

ESSENTIALS LIVE!

GET ANSWERS TO THE MOST COMMON CHALLENGES.

INCOME, ASSET, APPRAISAL CHALLENGES AND MORE...

Join us every 2nd and 4th Monday of the month for a LIVE broadcast with two of our senior operations trainers.

They’ll show you how to properly apply Fannie Mae and Freddie Mac guidelines when qualifying a borrower.

Each 30-minute session will focus on a different loan scenario, including real-life loan challenges we receive from you. Can’t attend one of our LIVE sessions? No problem. We record them so you can get the answers you need when it works for you.

Upcoming Training Sessions

Is Your Borrower New to Working in the U.S.?

Essentials Live!

July 8, 2024, 2:00 pm EDT - July 8, 2024, 2:30 pm EDT

Discover what income counts and how to qualify your borrower for their new home.

Essentials Live! Replay - How To Establish Liquidity When the Schedule L is Blank

Essentials Live!

July 22, 2024, 2:00 pm EDT - July 22, 2024, 2:30 pm EDT

Discover the different types of documentation that can be used to determine liquidity.

Don’t be Fooled! Let’s Talk Fraud Misrep. Part 3 – Paystubs & Employment

Essentials Live!

August 12, 2024, 2:00 pm EDT - August 12, 2024, 2:30 pm EDT

Ready to outsmart paystub and employment fraud? Learn key strategies and tactics to prevent mortgage fraud.

Essentials Live! Replay: Income Analysis Challenges in a Multi-Earner Era

Essentials Live!

August 26, 2024, 2:00 pm EDT - August 26, 2024, 2:30 pm EDT

The ‘gig economy’ has evolved and so have the variable income challenges. Join us as we dive into some unique scenarios to determine what you can and can’t use and why.

More Essentials Resources

Essentials Live! Recordings

Access our full library of recorded Essentials Live! sessions.

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Class Calendar

Browse up to three months of our Essentials training classes by date.

E-Learning

Easily skip what you know, re-review content that deserves a second look and be quizzed along the way.

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Class Recordings

Sharpen your professional skills on your schedule with our recorded webinar sessions.

Preview Recordings

Courses & Registrations

See our full list of upcoming classes and register.

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Essentials Live! Recorded Sessions: Q2 2024

Don't be Fooled! Let's Talk Fraud Misrep.

Session #76: April 8, 2024
Learn important strategies and tactics to combat occupancy and seller impersonation fraud prevalent today.

Watch Recording

Matters of Appraisals

Session #78: May 13, 2024
From manufactured housing to home flipping, learn why appraisal comments matter!

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Don’t be Fooled! Let’s Talk Fraud Misrep. Pt 2: W-2s & Tax Returns

Session #79: June 10, 2024
Discover strategies to combat W-2 and income tax return fraud head-on. Learn defenses against today’s prevalent scams to stay ahead of the game.

Watch Recording

Essentials Live! Recorded Sessions: Q1 2024

Are Distributions Higher than Ordinary Income?

Session #70: January 8, 2024
How can a borrower withdraw more than they have earned? What if they are showing a loss? Learn when this is acceptable and when it could be a red flag.

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New GSE Documentation Requirements for Rental Properties

Session #71: January 22, 2024
Review GSE requirements regarding documenting rental income, including leases, security deposits, appraiser's opinion of market rent and more!

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Qualifying a Farmer

Session #72: February 12, 2024
Learn how to accurately qualify a farmer with key line items on Schedule F. Review co-mingled personal and business assets, non-taxable cooperative distributions and more.

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Collateral Assessment Risk Score Less Than 2.5? Streamline Your Appraisal Review!

Session #73: February 25, 2024
What are you responsible for when FNMA Collateral Underwriter® (CU®) and FHLMC Loan Collateral Advisor® (LCA) provide representations and warranties with a score less than 2.5. Sometimes less can be more.

Watch Recording

Navigating Employment Obstacles

Session #74: March 11, 2024
Whether your self-employed borrower is moving to a new state, had a substantial income change, or any other challenging variable income scenario, this is the session for you!

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Essentials Live! Replay: Don't Get Spooked by Short Term Rentals

Session #75: March 25, 2024
Learn how to review short-term rental income guidelines, when you can use it as income and how to document it.

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Essentials Live! Recorded Sessions: Q4 2023

Haunted by Mileage Depreciation?

Session #66: October 23, 2023
Let’s talk calculating mileage depreciation with Schedule C or Form 4562.

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Shared Equity Program and Long-term Affordability

Session #67: November 13, 2023
Join us as we discuss shared equity programs, concentrating on income and resale price restrictions.

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Non-U.S. Citizen Borrowers

Session #68: November 27, 2023
Learn what types of documentation are acceptable in determining eligibility for non-US citizen borrowers.

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Year End Review Game!

Session #69: December 11, 2023
Join us for a fun end-of-year review game designed to help test your knowledge of Fannie/Freddie guidelines.

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Essentials Live! Recorded Sessions: Q3 2023

Using Business Assets as Down Payment?

Session #59: July 10, 2023
Determine if the use of business assets will meet GSE requirements and how the business will be affected.

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What MI Can Do for Your Borrower!

Session #60: July 24, 2023
How do you decide between 5, 10, 15 or 20% down? We'll discuss scenarios to determine what is best for your borrower to leave room for upgrades or investments.

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Qualifying a Traveling Nurse

Session #61: August 14, 2023
Walk through calculations to determine what income can be used to qualify a traveling health care professional.

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Get Qualified With a Positive Rental Payment History

Session #62: August 28, 2023
Learn how positive rent history with an AUS loan could impact the loan decision.

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Less Than 25% Business Ownership?

Session #63: September 11, 2023
Learn to qualify a borrower, with under 25% business ownership, for a mortgage.

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Automated Underwriting, One & Done?

Session #64: September 25, 2023
When do you resubmit a loan to AUS? We’ll discuss AUS data, tolerances and errors in credit data.

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