• Essent Presents: Desktop Underwriter®: Interpreting the Findings

    Topic: MPF Solutions May 25
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    This course teaches participants how to validate Desktop Underwriter® (DU®) loans based on the information contained within the DU Findings and Analysis reports. The course will give the participant the opportunity to review and analyze a sample finding report and complete exercises to instill key learning objectives.

    Who should attend?

    This presentation is recommended for:

    Mortgage professionals seeking fundamental knowledge of automated underwriting systems and the DU Findings report in order to efficiently document the loan file according to the applicable requirements.

  • Memorial Day

    May 29
  • New York Credit Union Association (NYCUA) - Annual Meeting & Convention

    June 1 - 4
    The Sagamore Resort, Bolton Landing, NY

    Pass by the FHLBNY exhibit - we look forward to seeing you upstate and celebrating NYCUA's 100th Anniversary!

    Visit www.nycua.org for more information.

    HLB Attendees: Angel Santos and Michael Beifeld

  • Independent Bankers Association of New York State - CFO-Senior Management Conference

    June 7 - 9
    Hotel Thayer at West Point, West Point, NY

    We look forward to seeing you at the conference.

    Visit www.ibanys.net for more information.

    HLB Attendees: Tom Settino and Al O'Connell

  • Radian Presents: Loan Officer’s Checklist for Success

    Topic: MPF Solutions June 12
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    In this webinar presented by Radian, we will review the skills and attitudes it takes to be a successful loan officer. By the end of the session you will have a to-do list that will help you differentiate yourself from your competition.

    Discussion will include the things you need for success, how to create a communication checklist, and the difference between successful and competent salespeople.

    Are you ready to implement change and reach your next goal?

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Sales Staff
  • MGIC Presents: Manufactured Housing

    Topic: MPF Solutions June 14
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    What's the fuss with this type of collateral? Join us for a discussion on areas of emphasis when helping a borrower with their manufactured home loan. We'll include:

    • Differences between manufactured housing and modular housing
    • Key product reminders related to LTV, occupancy, underwriting methods (DU, LPA and manual underwriting
    • Appraisal considerations for this type of collateral

    Bottom line...most of us may not see this type of collateral very often which is what generally contributes to all the questions and fuss!

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • New York Bankers Association - Long Island Bankers Division Golf Outing & Dinner

    June 19
    Southward Ho Country Club, Bayshore, NY

    We look forward to seeing our New York bank members on the island.

    Visit www.nyba.com for updates and more information.

    HLB Attendees: Tom Settino and Al O'Connell

  • Construction to Permanent Loans: Guidelines for MPF® Traditional Products

    Topic: MPF Solutions June 20
    02:00 pm EDT (1 hour)
    Register | +

    This webinar will explore the eligibility requirements for construction to permanent loans delivered under the MPF Traditional products. The differences between single-close and dual-close transactions will be discussed along with guidance on determining loan-to-value ratios. General industry information about construction lending and terminology will also be included in this session.

    Who should attend?

    The presentation is recommended for:

    • Loan Originators
    • Processors
    • Underwriters
    • Closers
    • Post-closing staff
  • Genworth Presents: Documenting Assets

    Topic: MPF Solutions June 22
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    Presented by Genworth, the focus of this webinar will be on borrower assets. Participants will learn how to review bank statements and understand other less common types of assets. We will discuss what accounts are considered acceptable along with how to identify potential misrepresentation of assets.

    Who should attend?

    The presentation is recommended for:

    • Loan Officers/Originators
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Independence Day

    July 4
  • Radian Presents: Not Your Ordinary Income

    Topic: MPF Solutions July 11
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    In this webinar presented by Radian, PFIs will learn to understand out-of-the-ordinary income types. Most of the income types to be discussed have a non-taxable portion.

    The calculation and documentation requirements for these types of incomes will be explained.

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • MGIC Presents: Variable Income and Building Ratios

    Topic: MPF Solutions July 12
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    Variable income seems so difficult to calculate...why? Successful repayment is a key concern when lending money to borrowers with fluctuating income. In many cases, it may be difficult to determine what the amount of stable monthly income may be.

    Join us as we dive into the guidelines, documentation, and analysis of variable incomes such as overtime, bonus, commission, and contract work.

    As an added feature, let's examine how your LOS builds the qualifying DTI ratios along with LTV/CLTV More...ratios. How will you know if it's accurate if you don't know how to calculate it yourself and what it represents to the credit risk decision?

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Delinquency Management Workshop for MPF® Traditional Products

    Topic: MPF Solutions July 13
    02:00 pm EDT (90 minutes)
    Register | +

    Overview

    The MPF® Provider presents a workshop on delinquency management processes and best practices. The presentation will highlight:

    • Delinquency reporting requirements and notification timelines
    • Property inspection requirements
    • Relief options and processes including:
      Forbearance Plans, Repayment Plans, Deed-in-Lieu of Foreclosure, Short Sales, Temporary Loan Modifications

    Who should attend?

    The presentation is recommended for:

    • Collection and Default staff
  • Essent Presents: Focus on Assets: Acceptable Documentation and Eligible Sources

    Topic: MPF Solutions July 26
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    This session will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. The course is designed for the participant to gain an understanding of eligible and ineligible sources of funds, interested party contributions (IPC's), what constitutes a “large” deposit, using retirement funds for closing vs. reserves, earnest money deposits, and acceptable documentation for assets.

    Who should attend?

    This presentation is recommended for:

    Mortgage professionals seeking fundamental knowledge of asset documentation and various types of acceptable assets for qualifying for a mortgage loan.

  • Loan Eligibility and Underwriting for MPF® Traditional Products

    Topic: MPF Solutions August 15
    02:00 pm EDT (90 minutes)
    Register | +

    Overview

    This webinar will provide a general overview of eligibility and underwriting guidelines for the MPF® Traditional products (MPF Original, MPF 125 and MPF 35). Attention will be given to the differences between manually underwriting a loan and using an automated underwriting system (AUS) such as Desktop Underwriter® (DU®) and Loan Product AdvisorSM (LPA). Underwriting basics such as LTVs, credit scores, property types, income, and assets will be discussed. This webinar will also include an overview of recently announced updates to the MPF Underwriting Guide.

    Who should attend?

    The presentation is recommended for:

    • Loan Officer
    • Loan Processor
    • Underwriter
    • Quality Control Staff

  • MGIC Presents Coming Soon: The New Uniform Residential Loan Application

    August 16
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    In this session presented by MGIC, we will walk through the updated Uniform Residential Loan Application to take a look at what will be changing in 2018. The implementation dates will be determined mid- 2017 to align with the new HMDA reporting information requirements. The industry has not seen an update to this form in over twenty years. The new design was created using a tremendous amount of feedback from both consumers and industry partners. Please join us for a sneak peek of what's to come in 2018.

    Who should attend?

    This presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Radian Presents: Understanding and Reviewing Appraisals

    Topic: MPF Solutions August 21
    02:00 pm EDT (90 minutes)
    Register | +

    Overview

    Presented by Radian, this interactive class focuses on understanding the Uniform Residential Appraisal Report (URAR) Form 1004. Participants walk through the sections of this form and learn to identify red flags and risk issues. Skills developed using the Form 1004 are transferable to other appraisal forms, making them a snap to review! Learning is reinforced with the review of a case study.

    Who should attend?

    The presentation is recommended for:

    • Loan Originators
    • Processors
    • Underwriters
    • Quality Control and Post Closing Review Staff
  • Genworth Presents: Calculating Schedule C Income for a Sole Proprietorship

    Topic: MPF Solutions August 22
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    Presented by Genworth, this webinar is designed to walk the participant through the analysis of Schedule C income for sole proprietors. As part of Form 1040, Schedule C may represent all or part of a borrower's income. This session will focus entirely on the analysis of the income (or loss) reflected on Schedule C. Cash flow worksheets will accompany the analysis. Clarification on amortization, depletion and depreciation will be discussed in addition to other deductions.

    Who should attend?

    This presentation is recommended for:

    • Loan Officers/Originators
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Labor Day

    September 4
  • Columbus Day

    October 9
  • Veterans’ Day

    November 11
  • Thanksgiving Day

    November 23
  • Christmas Day

    December 25

 

FREE online MPF webinars for all interested members! Register early, space is limited!

To register for these webinars, click the Register link next to the webinar or email MPFTraining@fhlbc.com and cc fhlbny@fhlbny.com.

The email should contain the webinar name, webinar date, participant's name, institution, email address, phone number, and street mailing address.

Approximately one week prior to the presentation, you will receive an email with instructions on how to access the presentation on the Internet and the audio portion through a conference call.

If you should have any questions regarding these webinars or the MPF Program, please contact Muriel Brunken at (212) 441-6712, or the MPF Help Desk at (877) 345-2673.

  • Memorial Day

    May 29
  • Independence Day

    July 4
  • Labor Day

    September 4
  • Columbus Day

    October 9
  • Veterans’ Day

    November 11
  • Thanksgiving Day

    November 23
  • Christmas Day

    December 25

  • New York Credit Union Association (NYCUA) - Annual Meeting & Convention

    June 1 - 4
    The Sagamore Resort, Bolton Landing, NY

    Pass by the FHLBNY exhibit - we look forward to seeing you upstate and celebrating NYCUA's 100th Anniversary!

    Visit www.nycua.org for more information.

    HLB Attendees: Angel Santos and Michael Beifeld

  • Independent Bankers Association of New York State - CFO-Senior Management Conference

    June 7 - 9
    Hotel Thayer at West Point, West Point, NY

    We look forward to seeing you at the conference.

    Visit www.ibanys.net for more information.

    HLB Attendees: Tom Settino and Al O'Connell

  • New York Bankers Association - Long Island Bankers Division Golf Outing & Dinner

    June 19
    Southward Ho Country Club, Bayshore, NY

    We look forward to seeing our New York bank members on the island.

    Visit www.nyba.com for updates and more information.

    HLB Attendees: Tom Settino and Al O'Connell

  • Essent Presents: Desktop Underwriter®: Interpreting the Findings

    Topic: MPF Solutions May 25
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    This course teaches participants how to validate Desktop Underwriter® (DU®) loans based on the information contained within the DU Findings and Analysis reports. The course will give the participant the opportunity to review and analyze a sample finding report and complete exercises to instill key learning objectives.

    Who should attend?

    This presentation is recommended for:

    Mortgage professionals seeking fundamental knowledge of automated underwriting systems and the DU Findings report in order to efficiently document the loan file according to the applicable requirements.

  • Radian Presents: Loan Officer’s Checklist for Success

    Topic: MPF Solutions June 12
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    In this webinar presented by Radian, we will review the skills and attitudes it takes to be a successful loan officer. By the end of the session you will have a to-do list that will help you differentiate yourself from your competition.

    Discussion will include the things you need for success, how to create a communication checklist, and the difference between successful and competent salespeople.

    Are you ready to implement change and reach your next goal?

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Sales Staff
  • MGIC Presents: Manufactured Housing

    Topic: MPF Solutions June 14
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    What's the fuss with this type of collateral? Join us for a discussion on areas of emphasis when helping a borrower with their manufactured home loan. We'll include:

    • Differences between manufactured housing and modular housing
    • Key product reminders related to LTV, occupancy, underwriting methods (DU, LPA and manual underwriting
    • Appraisal considerations for this type of collateral

    Bottom line...most of us may not see this type of collateral very often which is what generally contributes to all the questions and fuss!

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Construction to Permanent Loans: Guidelines for MPF® Traditional Products

    Topic: MPF Solutions June 20
    02:00 pm EDT (1 hour)
    Register | +

    This webinar will explore the eligibility requirements for construction to permanent loans delivered under the MPF Traditional products. The differences between single-close and dual-close transactions will be discussed along with guidance on determining loan-to-value ratios. General industry information about construction lending and terminology will also be included in this session.

    Who should attend?

    The presentation is recommended for:

    • Loan Originators
    • Processors
    • Underwriters
    • Closers
    • Post-closing staff
  • Genworth Presents: Documenting Assets

    Topic: MPF Solutions June 22
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    Presented by Genworth, the focus of this webinar will be on borrower assets. Participants will learn how to review bank statements and understand other less common types of assets. We will discuss what accounts are considered acceptable along with how to identify potential misrepresentation of assets.

    Who should attend?

    The presentation is recommended for:

    • Loan Officers/Originators
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Radian Presents: Not Your Ordinary Income

    Topic: MPF Solutions July 11
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    In this webinar presented by Radian, PFIs will learn to understand out-of-the-ordinary income types. Most of the income types to be discussed have a non-taxable portion.

    The calculation and documentation requirements for these types of incomes will be explained.

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • MGIC Presents: Variable Income and Building Ratios

    Topic: MPF Solutions July 12
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    Variable income seems so difficult to calculate...why? Successful repayment is a key concern when lending money to borrowers with fluctuating income. In many cases, it may be difficult to determine what the amount of stable monthly income may be.

    Join us as we dive into the guidelines, documentation, and analysis of variable incomes such as overtime, bonus, commission, and contract work.

    As an added feature, let's examine how your LOS builds the qualifying DTI ratios along with LTV/CLTV More...ratios. How will you know if it's accurate if you don't know how to calculate it yourself and what it represents to the credit risk decision?

    Who should attend?

    The presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Delinquency Management Workshop for MPF® Traditional Products

    Topic: MPF Solutions July 13
    02:00 pm EDT (90 minutes)
    Register | +

    Overview

    The MPF® Provider presents a workshop on delinquency management processes and best practices. The presentation will highlight:

    • Delinquency reporting requirements and notification timelines
    • Property inspection requirements
    • Relief options and processes including:
      Forbearance Plans, Repayment Plans, Deed-in-Lieu of Foreclosure, Short Sales, Temporary Loan Modifications

    Who should attend?

    The presentation is recommended for:

    • Collection and Default staff
  • Essent Presents: Focus on Assets: Acceptable Documentation and Eligible Sources

    Topic: MPF Solutions July 26
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    This session will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. The course is designed for the participant to gain an understanding of eligible and ineligible sources of funds, interested party contributions (IPC's), what constitutes a “large” deposit, using retirement funds for closing vs. reserves, earnest money deposits, and acceptable documentation for assets.

    Who should attend?

    This presentation is recommended for:

    Mortgage professionals seeking fundamental knowledge of asset documentation and various types of acceptable assets for qualifying for a mortgage loan.

  • Loan Eligibility and Underwriting for MPF® Traditional Products

    Topic: MPF Solutions August 15
    02:00 pm EDT (90 minutes)
    Register | +

    Overview

    This webinar will provide a general overview of eligibility and underwriting guidelines for the MPF® Traditional products (MPF Original, MPF 125 and MPF 35). Attention will be given to the differences between manually underwriting a loan and using an automated underwriting system (AUS) such as Desktop Underwriter® (DU®) and Loan Product AdvisorSM (LPA). Underwriting basics such as LTVs, credit scores, property types, income, and assets will be discussed. This webinar will also include an overview of recently announced updates to the MPF Underwriting Guide.

    Who should attend?

    The presentation is recommended for:

    • Loan Officer
    • Loan Processor
    • Underwriter
    • Quality Control Staff

  • MGIC Presents Coming Soon: The New Uniform Residential Loan Application

    August 16
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    In this session presented by MGIC, we will walk through the updated Uniform Residential Loan Application to take a look at what will be changing in 2018. The implementation dates will be determined mid- 2017 to align with the new HMDA reporting information requirements. The industry has not seen an update to this form in over twenty years. The new design was created using a tremendous amount of feedback from both consumers and industry partners. Please join us for a sneak peek of what's to come in 2018.

    Who should attend?

    This presentation is recommended for:

    • Loan Officers
    • Loan Processors
    • Underwriters
    • Quality Control Staff
  • Radian Presents: Understanding and Reviewing Appraisals

    Topic: MPF Solutions August 21
    02:00 pm EDT (90 minutes)
    Register | +

    Overview

    Presented by Radian, this interactive class focuses on understanding the Uniform Residential Appraisal Report (URAR) Form 1004. Participants walk through the sections of this form and learn to identify red flags and risk issues. Skills developed using the Form 1004 are transferable to other appraisal forms, making them a snap to review! Learning is reinforced with the review of a case study.

    Who should attend?

    The presentation is recommended for:

    • Loan Originators
    • Processors
    • Underwriters
    • Quality Control and Post Closing Review Staff
  • Genworth Presents: Calculating Schedule C Income for a Sole Proprietorship

    Topic: MPF Solutions August 22
    02:00 pm EDT (1 hour)
    Register | +

    Overview

    Presented by Genworth, this webinar is designed to walk the participant through the analysis of Schedule C income for sole proprietors. As part of Form 1040, Schedule C may represent all or part of a borrower's income. This session will focus entirely on the analysis of the income (or loss) reflected on Schedule C. Cash flow worksheets will accompany the analysis. Clarification on amortization, depletion and depreciation will be discussed in addition to other deductions.

    Who should attend?

    This presentation is recommended for:

    • Loan Officers/Originators
    • Loan Processors
    • Underwriters
    • Quality Control Staff

 

FREE online MPF webinars for all interested members! Register early, space is limited!

To register for these webinars, click the Register link next to the webinar or email MPFTraining@fhlbc.com and cc fhlbny@fhlbny.com.

The email should contain the webinar name, webinar date, participant's name, institution, email address, phone number, and street mailing address.

Approximately one week prior to the presentation, you will receive an email with instructions on how to access the presentation on the Internet and the audio portion through a conference call.

If you should have any questions regarding these webinars or the MPF Program, please contact Muriel Brunken at (212) 441-6712, or the MPF Help Desk at (877) 345-2673.

February 2010

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