Monday, December 09
A review of USDA programs for Delegated and Non-Delegated Correspondents
Tuesday, December 10
Join us for this webinar covering the affordable products offered under Freddie Mac Home Possible products. We will discuss of the BorrowSmart option and how the use of this credit could allow for your borrowers to purchase a house without depleting any emergency funds or savings and could be used toward maintenance or even furniture for their new home. This program is intended to assist borrowers in need of additional funds and we will discuss who is best suited for it and it's usage. We will discuss: Product Details including Duty to Serve Automated Underwriting Borrower Eligibility Loan Eligibility Mortgage Insurance Options Special Requirements
Wednesday, December 11
This session will provide an overview of condo and co-op project types as well as how to submit projects to NewRez for warranty.
Thursday, December 12
Join us for this webinar covering the affordable products of Fannie Mae's HomeReady and the HomeReady Plus option. We will discuss: Product Details including Duty to Serve Automated Underwriting Borrower Eligibility Loan Eligibility Mortgage Insurance Options Special Requirements
Thursday, December 12
This session will provide a general overview of Fannie Mae's Collateral Underwriter as well as some examples of findings to review.
Monday, December 16
The SmartEdge product is meant for borrowers that have strong credit and are looking for flexible financing options INCLUDING those looking for Non-warrantable Condos and Condotel options. Look at the Asset Qualifier feature which offers NO DTI calculations Those borrowers may have had some credit issue in the past. This includes credit issues such as: Bankruptcy, Foreclosure, Short sale
Monday, December 16
This overview will provide the basics of VA loans to our clients. Discussion will center on: Specifics of VA; VA Guidelines and Specifics of Transaction Types
Tuesday, December 17
This session will provide an overview of VA IRRRL transactions. Discussion will center on: IRRRL specifics; Guidelines; Transaction Types; Product Features; Product Enhancements; Documentation Options and Questions
Tuesday, December 17
This session will provide an overview of Newrez's Closed End Seconds Guidelines and the processes. This is for DELEGATED Correspondents.
Wednesday, December 18
The SmartSelf product is designed for a strong credit quality, self-employed borrower. It allows for the use of bank statements instead of tax returns in order to qualify the borrower(s). The statements must show proof that the borrower’s income is: Stable, Sufficient to repay the borrower’s debts and Likely to continue. Our 1099 feature allows the use of 1099's to qualify
Wednesday, December 18
An Overview of Newrez's Final Doc policies and DocGenius usage.
Thursday, December 19
The SmartVest product is for borrowers who are considered experienced real estate investors. They are looking to to purchase or refinance an investment property that is owned strictly as an investment. The borrower is going to be qualified based upon the cash flow of the subject property.