April Webinar: Aligning the Pieces of the Mortgage Appraisal Puzzle

Date: April 24
Time: 2 PM EST
Cost: Free

The appraisal is a fundamental piece of the mortgage process – it can be a defining factor that makes or breaks a potential closed loan. In this webinar, LenderSelect’s Lending and Training team will review the challenges and ins and outs of interpreting appraisals, including the following details:

  • Understanding comparables and how the appraiser arrived at the home’s value
  • Specific details that affect property value
  • Increased or decreased value due to appraisal outcome
  • How different loan types can affect appraisal requirements
  • Disputing an appraisal

This webinar will be presented live and the recording will be shared with all registrants following the event. This event is open to all real estate professionals. Please visit https://www.lenderselectmortgage.com/legal/disclosures/ for terms and conditions

May Webinar: Mortgage Processing: Assets, Liabilities & Income Analysis and Risk Mitigation

Date: May 21
Time: 2 PM EST
Cost: Free

When it comes to reviewing a borrower’s credit and finances, it is important to pinpoint every detail, small and large, that can complete a clear picture of the loan file for an underwriter when working to satisfy conditions and obtain a clear to close. The processor’s function is to work with the borrower, loan officer and/or third parties to obtain the conditions required to meet full approval. Early review and identification of red flags by the processor helps streamline the process and eliminate potential delays. In this webinar, LenderSelect’s Lending and Training team will highlight the pertinent information that a loan processor will analyze and review, including:

  • All assets, including bank accounts, money trends, income details
  • Comparing assets to liabilities on borrower’s credit report, inquiries & history
  • Identifying financial patterns that require further explanation, large deposits, etc 
  • Reviewing automated underwriting findings (AUS) and additional stipulations to be satisfied
  • Managing expectations with borrowers based on required/provided documentation

This webinar will be presented live and the recording will be shared with all registrants following the event. This event is open to all real estate professionals. Please visit https://www.lenderselectmortgage.com/legal/disclosures/ for terms and conditions.