This is the perfect session for any mortgage professional looking to build their knowledge of the most common asset types used to qualify your borrowers.
In this session you will learn:
• Liquid assets needs specific to the mortgage transaction – Down Payment, Closing Cost and Reserves
• To evaluate and sources funds for commonly used liquid assets – checking accounts, savings accounts, CDs, gift funds, stocks or bonds and business funds
• Industry and GSE guidelines for documentation, verification and sourcing of funds with a focus on red flags
• Eligible and Ineligible Assets