Training

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train, 2 hours
Classroom, 2 hours

Overview

In MGIC’s Residential Appraisal Review workshop, you will get the tools you need to help build and strengthen your appraisal evaluation skills. The more familiar you become with typical secondary market guidelines, learn what reports are available, and develop a deeper understanding of certain cautionary items that help identify potential problems, the better you will be at evaluating an appraisal.

In this session, you will:

• Analyze the Uniform Residential Appraisal Report (URAR 1004/70), including interior and exterior photos, location map and floor plan sketch
• Analyze the Market Conditions Addendum (1004MC/71)

This workshop provides the most up-to-date appraisal information and analytical tools, including:

• Highlights of the Uniform Appraisal Dataset (UAD), effective September 1, 2011
• A resource manual to keep at your desk as a handy reference after completing the training
• An appraisal review checklist that helps identify potential cautionary items
• Samples of other agency report forms

Who Should Attend:

Loan officers

Format, Time Frame:

Live on e-Train, 30 minutes

Overview

Next month the first round of FHA changes go into effect. The next round just two months later. At the same time, MGIC has launched MGIC Go! — a faster, simpler way to automatically get MI with your DU^® or LP^® decision. It has never been easier to go conventional. Join us for a half-hour webinar that will cover:

• Impact of recent FHA changes
• High-level overview of MI today
• MGIC's streamlined underwriting Go! program
• How to know which loans should still go FHA and which should go conventional
• Marketing materials you can use with your referral partners

Format, Time Frame:

Live on e-Train, 1 hour

Overview

When it comes to being plugged in, Rob Chrisman is a virtual power strip. Years of industry experience and networking have earned him his mortgage industry chops. His own renowned, daily, colorful commentary is a must-read for anyone in the mortgage industry. Rob joins us to provide a brief state-of-the-industry update and then will take time to answer questions from the audience.

Rob Chrisman

Rob Chrisman began his career in mortgage banking — primarily in capital markets and hedging interest rate risk — in 1985. Aside from a great nine-month break in 1996 to live in Scotland with his family and be Mr. Mom, Rob was in the mortgage business until he "retired" in 2008. He continued, however, putting out his widely-read commentary, going through 40 to 50 news sources and reports every day to do so.

Rob is on the board of directors of a mid-sized depository in Kansas of a financial services company which advances capital to heirs. He is a founding member and board member of G5 Mortgage Acceptance and Institutional Mortgage. He is an advisor to the Board for First Mortgage, a member of the Secure Settlements Advisory Board, an associate of the STRATMOR Group, a member of the California Mortgage Bankers Association, and of the Mortgage Bankers Association of the Carolinas and its membership committee, and is on the Mortgage Advisory Board for the California Automobile Association.

Rob has provided expert witness services for mortgage and real-estate-related cases and has lectured to groups around the country. Rob holds a bachelor's degree from Cal Poly, San Luis Obispo, and an MBA from UC Berkeley.

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train, 1.5 hours
Classroom, 2 hours

Overview

Evaluating income and assets are a critical part of making an informed underwriting decision:

• Will the borrowers be able to make their new mortgage payment AND meet all of their other monthly obligations?
• Do down payment and cash management skills support their commitment to the property and to repaying their mortgage?

After this webinar, you'll be able to answer these questions by knowing how to:

• Identify various income sources
• Know how to document and calculate income from several diverse sources
• Understand the different asset categories
• Know how to document and source assets

Please note: This class does not include evaluating self-employed borrowers. MGIC offers additional basic and advanced Self-Employed Borrower classes for AGI and SAM accounting methods.

Who Should Attend:

Originators, Managers

Format, Time Frame:

Live on e-Train, 1 hour

Overview

It's the magic number that has a major impact on today's mortgage transaction: the FICO score. The importance of one's credit score has perhaps never been greater than it is today. The more you know, the better you can advise your borrowers (and avoid any pitfalls for your company!).

Join guest presenter Mike Olden of American Reporting Company for a special one-hour webinar covering what you need to know right now about FICO scores.

Mike Olden

Mike has worked in the mortgage industry since 1984 and at American Reporting Company since 1997.

At American Reporting Company, Mike's primary responsibility is developing new business, but he also assists with educational development and delivery. Mike teaches seminars for ARC clients, nonprofit housing partners and first-time homebuyers. He is certified to teach continuing education to real estate and mortgage-lending professionals in Washington and Oregon.

Mike is a former board member of the Puget Sound Mortgage Lenders Association and the Mortgage Bankers Association of America State & Local Advisory Board. He was president of the Seattle Mortgage Bankers Association (SMBA) from 2004 to 2005. He currently serves on the board of directors for the Washington Mortgage Lenders Association.

Who Should Attend:

Loan officers

Format, Time Frame:

Live on e-Train, 30 minutes

Overview

You get it. FHA is changing. Conventional with private MI is the better option for many borrowers. So how do you use those changes to differentiate yourself? To win business from Realtors^®, builders and borrowers? Let MGIC help! Join us for a 30-minute webinar that will highlight:

• Recent market trends
• Latest FHA changes
• MGIC's streamlined underwriting Go! program
• Why all industry changes are good for you when it comes to working with Realtors^®
• MGIC's expansive gift policy
• How to present MI to Realtors^®, builders and buyers
• Marketing materials you can use with your referral partners

Who Should Attend:

Processors and loan officers with less than 3 years of experience in the mortgage business

Format, Time Frame:

Live on e-Train, 2 hours
Classroom, time varies

Overview

Our PTPT seminar incorporates a high level overview of the basic principles of processing and underwriting and helps you become comfortable with the fundamental skills required to effectively take and process a mortgage application. Join us for this insightful workshop, and you'll maximize your effectiveness and value to both your borrowers and your company.
You'll learn to:

• logically gather data and documents;
• understand the importance of a complete 1003;
• understand risk layering;
• evaluate The Four Cs — Credit, Capacity, Capital and Collateral — which help determine mortgage worthiness; and
• ask the right questions to maximize your effectiveness and value to both your borrower and your company.

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Basic SAM or AGI, 1.5 hours
Classroom, 3 hours

Overview

Join MGIC for this comprehensive workshop that will take you step-by-step through a self-employed borrower’s personal tax returns. Defining common terms and theories such as nonrecurring vs. recurring, depreciation and other noncash expenses, etc. will help you to develop a clearer picture of your self-employed borrower’s financial standing. In this workshop, you will learn to:

• Review personal tax returns and schedules focusing on sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses(Schedule E) and partnership income(K-1);
• Understand recurring vs. nonrecurring income and loss;
• Analyze the partnership business returns (1065);
• Increase efficiency in processing and underwriting SEB loan applications; and
• Understand documentation requirements, acceptable income and underwriting criteria

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Basic SAM or AGI, 1.5 hours
Classroom, 3 hours

Overview

Join MGIC for this comprehensive workshop that will take you step-by-step through a self-employed borrower’s personal tax returns. Defining common terms and theories such as nonrecurring vs. recurring, depreciation and other noncash expenses, etc. will help you to develop a clearer picture of your self-employed borrower’s financial standing. In this workshop, you will learn to:

• Review personal tax returns and schedules focusing on sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses(Schedule E) and partnership income(K-1);
• Understand recurring vs. nonrecurring income and loss;
• Analyze the partnership business returns (1065);
• Increase efficiency in processing and underwriting SEB loan applications; and
• Understand documentation requirements, acceptable income and underwriting criteria

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Advanced SAM or AGI, 2 hours
Classroom, 3 hours

Overview

This comprehensive workshop will help you dig deeper through business tax returns to develop a clearer picture of your self-employed borrower’s personal and business financial standing. This workshop will provide:

• A high-level review of personal tax returns and schedules including sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses (Schedule E) and partnership income(K-1);
• An in-depth look at business tax returns for 1065 partnerships, 1120 S Corporations and the 1120 US Corporate returns;
• Ways to increase efficiency in processing and underwriting SEB loan applications; and
• A review of documentation requirements, acceptable income and underwriting criteria

Note: This course assumes an understanding of the basic fundamentals for analyzing tax returns such as recurring vs. nonrecurring income/loss; depreciation, noncash expenses, etc. and how they affect cashflow.

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Advanced SAM or AGI, 2 hours
Classroom, 3 hours

Overview

This comprehensive workshop will help you dig deeper through business tax returns to develop a clearer picture of your self-employed borrower’s personal and business financial standing. This workshop will provide:

• A high-level review of personal tax returns and schedules including sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses (Schedule E) and partnership income(K-1);
• An in-depth look at business tax returns for 1065 partnerships, 1120 S Corporations and the 1120 US Corporate returns;
• Ways to increase efficiency in processing and underwriting SEB loan applications; and
• A review of documentation requirements, acceptable income and underwriting criteria

Note: This course assumes an understanding of the basic fundamentals for analyzing tax returns such as recurring vs. nonrecurring income/loss; depreciation, noncash expenses, etc. and how they affect cashflow.

Who Should Attend:

Loan officers, managers, mortgage professionals

Format, Time Frame:

Live on e-Train, 30 minutes

Overview

Headlines have declared housing is back. Many markets have already seen tremendous appreciation, and many economists are forecasting steady growth. At the same time we've seen changes to FHA and conventional guidelines, along with the long-awaited QM rule. So what does that mean to you and your borrowers when determining whether to go conventional or FHA? Or when selecting which MI premium plan to use?

Join us for a 30-minute webinar where we will show you how recent industry changes can impact those decisions. In this webinar we'll examine:

• Recent market trends
• Latest FHA changes and MGIC's streamlined underwriting Go! program
• How appreciation and cancelation impact high-LTV options
• How to use current market changes to your advantage with Realtors, builders and borrowers
• Ways MGIC can help you differentiate yourself from the competition

Who Should Attend:

Loan officers

Format, Time Frame:

Live on e-Train, 30 minutes

Overview

They are the largest, most-educated demographic out there and entering their peak first-home-buying period. They came of age during the crash of the housing market; so what do they think of homeownership? What is holding them back? And how do we reach them? And more importantly, what programs are available to help them achieve the dream of homeownership?

This 30-minute webinar will cover:

• demographics and profile of today's first-time homebuyers
• cost-effective tips and tools you can begin using today
• marketing materials that MGIC provides to help you be more successful with first-time homebuyers

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train, 2 hours
Classroom, 2 hours

Overview

In MGIC’s Residential Appraisal Review workshop, you will get the tools you need to help build and strengthen your appraisal evaluation skills. The more familiar you become with typical secondary market guidelines, learn what reports are available, and develop a deeper understanding of certain cautionary items that help identify potential problems, the better you will be at evaluating an appraisal.

In this session, you will:

• Analyze the Uniform Residential Appraisal Report (URAR 1004/70), including interior and exterior photos, location map and floor plan sketch
• Analyze the Market Conditions Addendum (1004MC/71)

This workshop provides the most up-to-date appraisal information and analytical tools, including:

• Highlights of the Uniform Appraisal Dataset (UAD), effective September 1, 2011
• A resource manual to keep at your desk as a handy reference after completing the training
• An appraisal review checklist that helps identify potential cautionary items
• Samples of other agency report forms

Presented by Deborah Richmond, Tekkbuzz

Wednesday, March 6, 2013 11:00 am
54 Minutes

Who Should Attend:

Loan officers

Format, Time Frame:

Live on e-Train, 30 minutes

Overview

One of the most overlooked tools for business is LinkedIn. If you've been ignoring LinkedIn, it's time to take notice.

Learn how to:

• Optimize your profile
• Make connections
• Join groups and stay active
• Drive traffic to your website

Who Should Attend:

Originators, Managers

Format, Time Frame:

Live on e-Train, 30 minutes

Overview

Guidelines. Price. Homebuyer attitudes. Constant change seems to be one of the biggest complaints in our industry. But just because everything has changed doesn't mean anything is different. People don't shop rates; they're shopping you! You need to know your market, your target and the options available. This 30-minute webinar will explore:

• What customers really want
• Who controls the perception of value
• The Trusted Advisor vs. Order Taker
• Recent industry changes and the impact on borrowers and referral sources
• Who today's homebuyers are and what they think about homeownership
• Tools to use to market yourself to real estate professionals and consumers

Presented by Vance Edwards, MGIC Senior Program Manager

Who Should Attend:

Originators, Managers

Format, Time Frame:

Recorded on e-Train, 1 hour

Overview

It's the magic number that has a major impact on today's mortgage transaction: the FICO score. The importance of one's credit score has perhaps never been greater than it is today. The more you know, the better you can advise your borrowers (and avoid any pitfalls for your company!).

Join Guest presenter Mike Olden of American Reporting Company for a one-hour webinar that will cover:

• FICO Score review, updates and national FICO averages
• The differences between FICO scores and VantageScores
• Fannie Mae Loan Quality Initiative
• Effect of foreclosures, short sales and loan modifications on FICO® scores and estimated time to rebuild one's credit score
• Udall Amendment (Dodd-Frank Section 1100F)
• Tools to close more loans

Presented by Mike Olden, American Reporting Company

Mike Olden

Mike has worked in the mortgage industry since 1984 and at American Reporting Company since 1997.

At American Reporting Company, Mike's primary responsibility is developing new business, but he also assists with educational development and delivery. Mike teaches seminars for ARC clients, nonprofit housing partners and first-time homebuyers. He is certified to teach continuing education to real estate and mortgage-lending professionals in Washington and Oregon.

Mike is a former board member of the Puget Sound Mortgage Lenders Association and the Mortgage Bankers Association of America State & Local Advisory Board. He was president of the Seattle Mortgage Bankers Association (SMBA) from 2004 to 2005. He currently serves on the board of directors for the Washington Mortgage Lenders Association.

Who Should Attend:

Loan Officers, Managers

Format, Time Frame:

Recorded on e-Train, 30 minutes

Overview

It’s never been easier for you to help improve your borrowers’ financial situations and keep them in their homes. MGIC makes it simple for you to take advantage of recent changes to the US Treasury’s Home Affordable Refinance Program. If a loan meets Fannie Mae and Freddie Mac’s guidelines, it meets MGIC’s guidelines. This 30-minute webinar will cover:

• Brief overview of recent changes to HARP
• MGIC’s HARP Refi-to-Mod guidelines
• How to process your HARP loan

Presented by Tom Steppe, MGIC Senior Program Manager

Who Should Attend:

Processors and loan officers with less than 3 years of experience in the mortgage business

Format, Time Frame:

Live on e-Train, 2 hours
Classroom, time varies

Overview

Our PTPT seminar incorporates a high level overview of the basic principles of processing and underwriting and helps you become comfortable with the fundamental skills required to effectively take and process a mortgage application. Join us for this insightful workshop, and you'll maximize your effectiveness and value to both your borrowers and your company.
You'll learn to:

• logically gather data and documents;
• understand the importance of a complete 1003;
• understand risk layering;
• evaluate The Four Cs — Credit, Capacity, Capital and Collateral — which help determine mortgage worthiness; and
• ask the right questions to maximize your effectiveness and value to both your borrower and your company.

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Basic SAM or AGI, 1.5 hours
Classroom, 3 hours

Overview

Join MGIC for this comprehensive workshop that will take you step-by-step through a self-employed borrower’s personal tax returns. Defining common terms and theories such as nonrecurring vs. recurring, depreciation and other noncash expenses, etc. will help you to develop a clearer picture of your self-employed borrower’s financial standing. In this workshop, you will learn to:

• Review personal tax returns and schedules focusing on sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses(Schedule E) and partnership income(K-1);
• Understand recurring vs. nonrecurring income and loss;
• Analyze the partnership business returns (1065);
• Increase efficiency in processing and underwriting SEB loan applications; and
• Understand documentation requirements, acceptable income and underwriting criteria

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Basic SAM or AGI, 1.5 hours
Classroom, 3 hours

Overview

Join MGIC for this comprehensive workshop that will take you step-by-step through a self-employed borrower’s personal tax returns. Defining common terms and theories such as nonrecurring vs. recurring, depreciation and other noncash expenses, etc. will help you to develop a clearer picture of your self-employed borrower’s financial standing. In this workshop, you will learn to:

• Review personal tax returns and schedules focusing on sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses(Schedule E) and partnership income(K-1);
• Understand recurring vs. nonrecurring income and loss;
• Analyze the partnership business returns (1065);
• Increase efficiency in processing and underwriting SEB loan applications; and
• Understand documentation requirements, acceptable income and underwriting criteria

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Advanced SAM or AGI, 2 hours
Classroom, 3 hours

Overview

This comprehensive workshop will help you dig deeper through business tax returns to develop a clearer picture of your self-employed borrower’s personal and business financial standing. This workshop will provide:

• A high-level review of personal tax returns and schedules including sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses (Schedule E) and partnership income(K-1);
• An in-depth look at business tax returns for 1065 partnerships, 1120 S Corporations and the 1120 US Corporate returns;
• Ways to increase efficiency in processing and underwriting SEB loan applications; and
• A review of documentation requirements, acceptable income and underwriting criteria

Note: This course assumes an understanding of the basic fundamentals for analyzing tax returns such as recurring vs. nonrecurring income/loss; depreciation, noncash expenses, etc. and how they affect cashflow.

Who Should Attend:

Processors, underwriters, loan officers

Format, Time Frame:

Live on e-Train:
Advanced SAM or AGI, 2 hours
Classroom, 3 hours

Overview

This comprehensive workshop will help you dig deeper through business tax returns to develop a clearer picture of your self-employed borrower’s personal and business financial standing. This workshop will provide:

• A high-level review of personal tax returns and schedules including sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties and their losses and expenses, including noncash expenses (Schedule E) and partnership income(K-1);
• An in-depth look at business tax returns for 1065 partnerships, 1120 S Corporations and the 1120 US Corporate returns;
• Ways to increase efficiency in processing and underwriting SEB loan applications; and
• A review of documentation requirements, acceptable income and underwriting criteria

Note: This course assumes an understanding of the basic fundamentals for analyzing tax returns such as recurring vs. nonrecurring income/loss; depreciation, noncash expenses, etc. and how they affect cashflow.

	Length
Using the Loan Center	8:06 min.

	Length
Activate MI Coverage With MGIC/Link	1:48 min.
Cancel MI Coverage With MGIC/Link	3:00 min.
Change Loan Numbers With MGIC/Link	2:35 min.
Report Individual Loan Modifications Through MGIC/Link	4:06 min.
Report Multiple Loan Modifications Through MGIC/Link	2:26 min.
Send and Receive Files With Secure File Transfer (SFT)	4:39 min.
Transfer Servicing With MGIC/Link	2:11 min.

	Length
Deed-in-Lieu Requests Through MGIC/Link	2:53 min.
File/Update a Default With MGIC/Link	2:43 min.
HAMP Reporting With MGIC/Link	2:49 min.
Report Individual Loan Modifications Through MGIC/Link	4:06 min.
Report Multiple Loan Modifications Through MGIC/Link	2:26 min.
Short Sale Reporting With MGIC/Link	2:52 min.

	Length
Claims Pending Doc Request	4:25 min.
Get a Jump Start on the Claim Submission Process Through MGIC/Link	15:29 min.

	Length
Order MGIC MI through BytePro®	1.17 min.
Order MGIC MI through Calyx Point®	1.23 min.
Order MGIC MI and get rates through Ellie Mae Encompass360®	2.18 min.
Get MGIC MI rates through LoanSifter	2.23 min.
Get MGIC MI rates through Mortech MarksmanLMP	2.33 min.