Certificate in US Residential Mortgage Underwriting by Vskills: Fee, Duration, How to Apply

Quick Facts

particular	details
Medium of instructions English	Mode of learning Self study	Mode of Delivery Video and Text Based

Course overview

The Certificate in US Residential Mortgage Underwriting covers all the facets of underwriting and mortgage, from their basics to tax return analysis. The curriculum is career-focused and will help you begin as a residential mortgage underwriter from scratch or take your existing career to the next level.

While there is no specific course duration, you will receive a year to finish training. A completion certificate will be awarded based on an online test which you can undertake anytime, anywhere. Besides, the US Residential Mortgage Underwriting certification is a Government-recognised accreditation with lifetime validity that will aid your job pursuits lucratively.

What’s more, the certification will also tag you as ‘Vskills Certified’ on Monsterindia.com and Shine.com to improve career prospects. The curriculum also involves unlimited access to the study materials’ hard copy and the online LMS to re-learn the topics if necessary. Plus, you also get the added benefit of flexible payment options to enrol for the US Residential Mortgage Underwriting online course.

Course and certificate fees

Fees information

₹ 3,499

You need to pay Rs. 3,499 upfront to enrol.
The US Residential Mortgage Underwriting course fee can be paid via flexible payment modes, including net banking, credit cards, and debit cards.
You will also need to pay a non-refundable exam fee to sit for the online test. In case you want to retake the exam, you can register again with an Rs. 3,499 fee.

Certificate in US Residential Mortgage Underwriting fee structure

Particulars	Fees
Course content	Rs. 3,499

certificate availability

Yes

certificate providing authority

Vskills

Who it is for

The US Residential Mortgage Underwriting online course is ideal for –

Graduates and professionals from other fields who wish to start a career as a US residential mortgage underwriter
Those who are already working in this field and wish to upskill

Eligibility criteria

The US Residential Mortgage Underwriting course has no admission criteria whatsoever. Anyone interested in becoming an expert underwriter can enrol.

Plus, completing the full curriculum and clearing the course-end test will grant you the US Residential Mortgage Underwriting certificate. You must secure at least 25 marks or 50% to pass the exam.

What you will learn

Financial knowledge

After completing the US Residential Mortgage Underwriting certification course by Vskills, you will be proficient in these concepts: –

Basics of mortgage and underwriting
Due diligence
Appraisal review
FHA/VA underwriting
Calculating LTV, income, and DTI
Tax return analysis

The syllabus

Mortgage Basics

What is a Mortgage?
Escrow Account
Pre-qualification and pre-approval
Monthly Payment
APR
Standard Mortgage Forms
Types of Loans
Government-Sponsored Enterprise (GSE)
Points and Pre-Payment Penalty
Mortgage Terminology
Common Mortgage Terms
Loan Processing

Underwriting Basics

Underwriting Process
Underwriter Role
Underwriting Elements
Types of Underwriting
Underwriter Skills and Duties
4 C’s
Loan Stacking
Types of Mortgage Jobs
Origination
Mortgage Underwriting

Advanced Underwriting

Reference Guides
AUS Findings
Credit Report Review
Agency Guidelines
Credit Analysis
Assessing Income
Forms 1003 & 1008
General Income Information
Appraisals
Assessing Assets

FHA/VA Underwriting

Mortgage Insurance
FHA Program
Mortgage Parameters
VA Entitlement & Guaranty
VA Credit Underwriting
Borrower Eligibility

Due Diligence

Manual Underwriting
Due Diligence Basics
Compensating Factors
Automated Underwriting
Identifying Red Flags

Calculating Income, LTV & DTI

Debt-To-Income Ratios
Automated Income Validation
LTV/CLTV/HCLTV
Wage and Income Calculation

Appraisal Review

FHA Considerations
Appraisers Responsibilities
Collateral Underwriter (CU)
Lenders Responsibilities
Appraisal Forms
UAD and UCDP

Tax Returns Analysis

2017 and 2018 IRS 1040 Individual Tax Return
Self-Employment Business Structures
Financial Statements
Cash Flow Analysis Forms Review
1120S Analysis, 1120S K1
Tax Cuts and Jobs Act (TCJA)
Sole Proprietorship
Limited Liability Company (LLC)
Partnership & Partnership Business Analysis
Analysing Corporations
Farming Income
Royalty Payment Income

Admission details

Visit the US Residential Mortgage Underwriting course website - https://www.vskills.in/certification/accounting-banking-and-finance/US-Residential-Mortgage-Underwriting
Click on ‘Buy Now’ and create an account with Vskills or log in to an existing one to proceed.
Pay the fee via your preferred payment method.
You will receive e-learning access on your registered email ID.

Filling the form

Once you sign in/register on Vskills, you can join the Certificate in US Residential Mortgage Underwriting. The registration form will require your details such as full name, country, state, email address, and password. Alternatively, you can log in via your registered email and password.

Evaluation process

The US Residential Mortgage Underwriting course examination is conducted every month. You can select an exam date you prefer, but you must sit for it within 1 year of purchasing the course.

The online exam will be of 60 minutes, with 50 MCQs and no negative marking whatsoever. You will get one attempt per registration. However, you can reappear as many times as you’d like.

How it helps

Besides improving your employability, the curriculum offers maximum flexibility for course completion. You can finish Vskills’ Certificate in US Residential Mortgage Underwriting within three months, six months, or even a year.

Plus, you get lifetime access to the course’s study materials, so you can refer to them whenever you need to. The unlimited certification validity is another major advantage, allowing you to pursue high-paying job roles with valuable accreditation.

FAQs

What is the skill level of the examination?

The course certification exam will assess entry-level to medium-level skills in US residential mortgage underwriting.

Is the exam fee refundable if I’m unable to take the exam?

No, the examination fee will not be refunded under any circumstances.

When are the exam results declared?

The results will be declared immediately after you submit your e-paper.

How will I receive my certificate?

The soft copy of the certificate will be sent to your email ID within 1-2 working days of exam submission. The hard copy will be delivered to your postal address within 7-10 working days of the same.

What if I misplace my certificate?

If you need to renew the hard copy of your certificate, you can get it re-issued after making the requisite payment. For more details, visit the link - https://www.vskills.in/certification/certificate-re-issuance.