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MGIC Designs for Learning Logo Training - MGIC Designs for Learning

Designs for Learning® webinars are listed below and in a printer-friendly format. Classroom training is available. Please see our Designs for Learning® catalog for options.

Live Webinars

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Appraisal Training: Featuring the Uniform Appraisal Dataset (UAD) Requirements

November 24 2:00 PM CT

Trainer: Jeff Platfoot

Register

Webinar Details

Who Should Attend:
Processors, underwriters, loan officers

Format, Approximate Time Frame:
Live webinar, 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
Special Events Icons

Evaluating Income and Assets

November 21 10:30 AM CT

Trainer: Sheryl Yu

Register

Webinar Details

Who Should Attend:
Processors, underwriters, loan officers

Format, Approximate Time Frame:
Live webinar, 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.

Special Event

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Fact, Fiction & FICOs®

November 6 10:30 AM CT

Trainer: Vance Edwards

Register

Webinar Details

Who Should Attend:
Originators, Managers

Format, Approximate Time Frame:
Live webinar, 30 minutes

Overview:
Everyone knows how important credit scores have become today, and yet there are still many who don't know some of the basics behind this very important number. Mortgage professionals have a chance to differentiate themselves with homebuyers and Realtors by helping them understand what goes into the score and how their action impact their ability to get credit in the future.

Join us for a brief half hour where we will look at:

  • What is in a FICO score and what is not
  • How consumer behavior affects FICO scores
  • Tips to improving one's FICO score
  • What the younger generation of first-time homebuyers think they know about credit vs. what they really know

Special Event

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Helping Homebuyers Over the Down Payment Hurdle

November 17 2:00 PM CT

Trainer: Vance Edwards

Register

Webinar Details

Who Should Attend:
Loan officers, managers, mortgage professionals

Format, Approximate Time Frame:
Live webinar, 30 minutes

Overview:
It has almost always been the biggest obstacle for most would-be homeowners... the down payment. In today's market homebuyers face a less than robust economy, student loans and media misinformation. MGIC founded the modern private MI industry to help people buy a home with little money down, and there are many options still available to them today.

In this session we'll examine:

  • Fannie Mae's MyCommunityMortgage® program
  • Freddie Mac's Home Possible® program
  • MGIC's HFA Preferred program
  • 100% gift options
  • Down Payment Assistance programs
Special Events Icons

MGIC MI Basics

November 18 2:00 PM CT

Trainer: Scott Meerstein

Register

Webinar Details

Who Should Attend:
Processors, underwriters and loan officers new to the mortgage business or looking to refresh their knowledge about mortgage insurance

Format, Approximate Time Frame:
Live webinar, 1 hour
Classroom, 2 hours

Overview:
In 1957, MGIC created private mortgage insurance to help make homeownership more affordable. Today, the mortgage industry offers more financing alternatives for high-LTV lending, yet MI remains one of the safest, most affordable options for both lenders and borrowers.

Join MGIC for this fundamental workshop, and get acquainted — or reacquainted — with the basics of mortgage insurance. You'll learn to

  • consider, compare and conclude which options are best for borrowers;
  • understand what MI is and how it works;
  • demystify some of the misunderstandings and misinformation surrounding MI; and
  • learn how to calculate MI rates based on popular premium plans.
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Self-Employed Borrowers — Basic (AGI Method)

November 7 10:30 AM CT

Trainer: Beryl Johnson

Register

Webinar Details

Who Should Attend:
Processors, underwriters, loan officers

Format, Approximate Time Frame:
Live webinar:
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
Special Events Icons

Self-Employed Borrowers — Basic (SAM Method)

November 11 2:00 PM CT

Trainer: Rebecca Chase

Register

Webinar Details

Who Should Attend:
Processors, underwriters, loan officers

Format, Approximate Time Frame:
Live webinar:
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
Special Events Icons

Self-Employed Borrowers — Advanced (AGI Method)

November 24 10:30 AM CT

Trainer: Jeff Platfoot

Register

Webinar Details

Who Should Attend:
Processors, underwriters, loan officers

Format, Approximate Time Frame:
Live webinar:
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.

Special Events Icons

Self-Employed Borrowers — Advanced (SAM Method)

November 19 2:00 PM CT

Trainer: Beryl Johnson

Register

Webinar Details

Who Should Attend:
Processors, underwriters, loan officers

Format, Approximate Time Frame:
Live webinar:
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.

Special Event

Special Events Icons

Student Debt: Barrier or Speed Bump on the Road to Homeownership?

November 25 2:00 PM CT

Trainer: Vance Edwards

Register

Webinar Details

Who Should Attend:
Loan officers, managers, mortgage professionals

Format, Approximate Time Frame:
Live webinar, 30 minutes

Overview:
Not since drinking cola with Pop Rocks has an urban legend spread so fast. Every day we are bombarded with headlines on how student loan debt is stopping first-time homebuyers from entering the market. But is it true? Research shows it may not be the barrier many believe it is. It will certainly hold back some, and there are ways we as mortgage professionals can help consumers overcome that obstacle. But just as important is understanding what is really delaying that first-time home purchase for most buyers so we can assist in knocking down that hurdle as well.

In this session we'll explore:

  • Latest research on the impact student loan debt has on the ability to buy a home
  • Options available to those struggling with student debt
  • Overcoming other hurdles facing first-time homebuyers

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Recorded Webinars

Recorded Webinars Icon

Recorded presentations are available to you to play at your convenience, at no charge. You may need to adjust your speaker volume.

Appraisal Training

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, loan officers

Format, Approximate Time Frame:

Recorded webinar, 1 hour 30 minutes

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

Evaluating Income and Assets

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, loan officers

Format, Approximate Time Frame:

Recorded webinar, 1.5 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.

Fact, Fiction & FICOs®

Watch Now

Webinar Details

Who Should Attend:

Originators, managers

Format, Approximate Time Frame:

Recorded webinar, 30 minutes

Overview

Everyone knows how important credit scores have become today, and yet there are still many who don't know some of the basics behind this very important number. Mortgage professionals have a chance to differentiate themselves with homebuyers and Realtors by helping them understand what goes into the score and how their action impact their ability to get credit in the future.

Join us for a brief half hour where we will look at:

  • What is in a FICO score and what is not
  • How consumer behavior affects FICO scores
  • Tips to improving one's FICO score
  • What the younger generation of first-time homebuyers think they know about credit vs. what they really know

Go! Win Realtors

Watch Now

Webinar Details

Who Should Attend:

Loan officers

Format, Approximate Time Frame:

Recorded webinar, 30 minutes

Overview

You get it. 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
  • 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

Helping Homebuyers Over the Down Payment Hurdle

Watch Now

Webinar Details

Who Should Attend:
Loan officers, managers, mortgage professionals

Format, Approximate Time Frame:
Recorded webinar, 30 minutes

Overview:
It has almost always been the biggest obstacle for most would-be homeowners... the down payment. In today's market homebuyers face a less than robust economy, student loans and media misinformation. MGIC founded the modern private MI industry to help people buy a home with little money down, and there are many options still available to them today.

In this session we'll examine:

  • Fannie Mae's MyCommunityMortgage® program
  • Freddie Mac's Home Possible® program
  • MGIC's HFA Preferred program
  • 100% gift options
  • Down Payment Assistance programs

MGIC MI Basics

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters and loan officers new to the mortgage business or looking to refresh their knowledge about mortgage insurance

Format, Approximate Time Frame:

Recorded webinar, 30 minutes

Overview

In 1957, MGIC created private mortgage insurance to help make homeownership more affordable. Today, the mortgage industry offers more financing alternatives for high-LTV lending, yet MI remains one of the safest, most affordable options for both lenders and borrowers.

Join MGIC for this fundamental workshop, and get acquainted — or reacquainted — with the basics of mortgage insurance. You'll learn to:

  • consider, compare and conclude which options are best for borrowers;
  • understand what MI is and how it works;
  • demystify some of the misunderstandings and misinformation surrounding MI; and
  • learn how to calculate MI rates based on popular premium plans.

Mortgage Fraud: A History, Current Trends and Schemes

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, managers

Format, Approximate Time Frame:

Recorded webinar, 1 hour 30 minutes

Overview

Join Ann Fulmer, J.D., a nationally-recognized mortgage fraud and risk mitigation expert, in an enlightening webinar presentation on the role of mortgage fraud during the economic crisis and its aftermath. You'll learn how to mitigate your own mortgage fraud risk and identify current schemes and trends.

After this session, you will:

  • Understand the role mortgage fraud played during the economic crisis and its aftermath
  • Be able to identify current fraud risk trends and schemes
  • Know how to mitigate your own mortgage fraud risk

Putting the Pieces Together: Processing Mortgage Apps

Watch Now

Webinar Details

Who Should Attend:

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

Format, Approximate Time Frame:

Recorded webinar, 2 hours

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.

Self-Employed Borrowers — Basic (AGI Method)

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, loan officers

Format, Approximate Time Frame:

Recorded webinar, 2 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

Self-Employed Borrowers — Basic (SAM Method)

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, loan officers

Format, Approximate Time Frame:

Recorded webinar, 1 hour 30 minutes

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

Self-Employed Borrowers — Advanced (AGI Method)

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, loan officers

Format, Approximate Time Frame:

Recorded webinar, 2 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.

Self-Employed Borrowers — Advanced (SAM Method)

Watch Now

Webinar Details

Who Should Attend:

Processors, underwriters, loan officers

Format, Approximate Time Frame:

Recorded webinar, 2 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.

The Changing Market — How Appreciation and Cancellation Impact MI Premium Options

Watch Now

Webinar Details

Who Should Attend:

Loan officers, managers, mortgage professionals

Format, Approximate Time Frame:

Recorded webinar, 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 cancellation 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

Using Simple, Streamlined MI To Increase Your Business

Watch Now

Webinar Details

Who Should Attend:

Loan officers, managers

Format, Approximate Time Frame:

Live on e-Train, 20 minutes

Overview

MGIC has significantly expanded and streamlined guidelines to provide the simplest way to get MI. Great news... but what does that really mean for you? How do you use these expanded guidelines to help you expand your business? Prevail in the purchase market? Capture attention of Realtors® and consumers?

Join us for a short 20-minute webinar where we will discuss and answer questions regarding:

  • MGIC's streamlined underwriting Go! program
  • MGIC's expansive gift policy
  • How recent industry and economic changes provide the perfect opportunities to stand out and win business
  • How to present your new expanded guidelines to your Realtor partners

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Tutorials for MGIC Online Tools

Recorded Webinars Icon

Recorded tutorial presentations are available to you to play at your convenience, at no charge. You may need to adjust your speaker volume.

MI origination tools

Submitting HARP loans using MGIC's Refi-to-Mod Program

4:47 minutes

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Using the Loan Center

8:00 minutes

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MI servicing tools

Activate MI Coverage With MGIC/Link

1:48 minutes

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Cancel MI Coverage With MGIC/Link

3:00 minutes

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Change Loan Numbers With MGIC/Link

2:35 minutes

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Report Individual Loan Modifications Through MGIC/Link

4:06 minutes

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Report Multiple Loan Modifications Through MGIC/Link

2:26 minutes

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Send and Receive Files With Secure File Transfer (SFT)

4:39 minutes

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Transfer Servicing With MGIC/Link

2:11 minutes

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Default Servicing Tools

Deed-in-Lieu Requests Through MGIC/Link

2:53 minutes

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File/Update a Default With MGIC/Link

2:43 minutes

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HAMP Reporting With MGIC/Link

2:49 minutes

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Transfer Servicing With MGIC/Link

2:11 minutes

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Report Individual Loan Modifications Through MGIC/Link

4:06 minutes

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Report Multiple Loan Modifications Through MGIC/Link

2:26 minutes

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Short Sale Reporting With MGIC/Link

2:52 minutes

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Claim servicing tools

Claims Pending Doc Request

4:25 minutes

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LOS/PPE/Doc Delivery tools

Order MGIC MI through BytePro®

1:17 minutes

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Order MGIC MI through Calyx Point®

1:23 minutes

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Order MGIC MI and get rates through Ellie Mae Encompass360®

2:28 minutes

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Get MGIC MI rates through LoanSifter

2:23 minutes

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Get MGIC MI rates through Mortech MarksmanLMP

2:33 minutes

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Get MGIC MI rates through Optimal Blue

4:25 minutes

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