Calculating Income, LTV, & DTI Workshop Online Course: ID# 1004776
Price: $395.00
Qty:
About This Course:
"Calculating Income, LTV, & DTI Workshop" is an in-depth, instructor-led online program on how to apply the correct calculations to various loan scenarios.
It is designed to teach the fundamentals of loan calculation to new and seasoned mortgage processors alike.
Course Outline In this course you'll learn about salaried wage calculations, hourly wage calculations, and more, including:
Overtime, bonus, commission, and un-reimbursed expense calculations Social security and pension calculations A brief introduction to self-employment income and tax returns Schedule C income calculations Rental income calculations LTV, CLTV, and HCLTV definitions and calculations PITI, PITIA, Housing Ratio, and Total Ratio definitions and calculations Upon finishing the course you will receive a Certificate of Completion and the skills required to be a successful mortgage processor.
Anticipated Time To Complete This online course will take approximately three hours to complete. You do not have to complete the course in one sitting - there are bookmarks in this course that allow you to stop and restart as needed.
Access Information Upon enrollment, you'll receive an email from the course provider (CampusMortgage®) with links and passwords to access the course. You will have full access to the course for one full year.
Top FAQs a Debt-To-Income (DTI) ratio is the percentage of a potential borrower's monthly mortgage payment and other debt responsibilities versus income. Generally speaking, a DTI over 40% is a potential red flag with regard to loan approval.
