Events
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Free MPF® Online Workshops in 2008:
Distance learning tools from the Mortgage Partnership Finance® Program.
The Mortgage Partnership Finance Program is offering FREE internet workshops to all members! For registration information click here.
Credit Report Review (We strongly recommend this training!)
July 22
11:30 a.m. EST (1 hour)
- This webinar is recommended for loan processors, loan officers, underwriters, and quality control auditors. We will provide a detailed analysis of a borrower credit report, identifying red flags, risk issues, and identity theft detection.
- About the instructor
- Mark Irons, Equifax Mortgage Solutions - Mark Irons has served as the Director of Operations and Technical Services and has spent the last seven years in Account Management at Equifax Mortgage Solutions. He has been in the mortgage credit reporting business for 17 years.
Delinquency Management Workshops
A Two-Part Webinar from the MPF Program
Part 1: August 1
11:30 a.m. EST (1 hour)
Part 2: August 15
11:30 a.m. EST (1 hour)
- When is a loan delinquent? When does foreclosure occur? Find Out!
- Join the MPF Bank and the Master Servicer for a two-part webinar designed for Collection, Bankruptcy, Foreclosure, and REO staff. It outlines the MPF Program Guidelines and Procedures, as well as the current delinquency management practices.
- Part I - Designed for the Collection and Default Staff
- Management of the collections process
- Servicing procedures for collection
- Property inspection requirements
- Relief provisions and processes
- Part II - Designed for Foreclosure, Bankruptcy & REO Staff
- Co-presenter: The MPF Program Master Servicer
- Foreclosure, Bankruptcy, and REO Management Process
- Foreclosure alternatives, expenses, proceedings, and reinstatements
- REO Action plan
- REO Servicing & Marketing
- REO Reporting
Detecting and Avoiding Fraud
August 4
3:00 p.m. EST (75 minutes)
- Recommended for Quality Control Auditors, Underwriters, Loan Officers, and Loan Processors.
- The presentation focuses on understanding what constitutes fraud:
- Hot spots
- Cost and affect to lenders and communities
- Red flags in the mortgage loan files
- Participants develop their awareness of fraud by reviewing documents from actual fraud investigations. Discussion includes tips for minimizing fraud risk possibly saving their institution thousands of dollars.
- About the instructor
- Carole A. McKinney, Radian Guaranty, Inc. - Carole has been in the mortgage banking industry for 20 years, and has held management positions during the majority of her career. Training is her first passion.
Underwriting Workshop
August 12
11:00 a.m. EST (90 minutes)
- Prerequisites:
- Credit Report Review Webinar - July 22
- Understanding and Reviewing Appraisals Webinar- July 7
- The objective of this workshop is to provide loan processors, loan officers, underwriters, and quality control auditors with a better understanding of underwriting processes and requirements as explained in the MPF Underwriting and Origination Guides.
- Learn More About:
- The 4 "Cs" of underwriting
- The qualities of a top performer in underwriting
- Layering of risk
Investor Reporting
August 21
11:30 a.m. EST (1 hour)
- This webinar is designed to provide your servicing staff with increased knowledge on how to reduce errors and discrepancies associated with investor reporting and custodial account reconciliation.
Turnaround Report (TAR) and Account Reconciliation
August 28
10:30 a.m. EST (1 hour)
- This webinar will outline the major steps involved in the turnaround reporting process, and the P&I and T&I account reconciliation for Actual/Actual and Actual/Actual Single Remittance types.
- Review how to complete the P&I and T&I custodial account reconciliations (Forms 320A and 321A)
- Identify adjustments associated with A/A and Single Remittance types
- Review the initial and final TAR, and identify the most common exceptions
- How to research the differences
- How to clear using the Exception Clearing Report
Understanding and Reviewing Condominium Appraisals
September 8
3:00 pm EST (90 minutes)
- This webinar focuses on the Individual Condominium Appraisal Report, FNMA Form 1073/FHLMC Form 465. Recommended for underwriting staff and quality control auditors.
- Participants review each section of this form and learn to identify red flags and risks
- Participants will review pertinent sections of the sales agreement and appraisal to identify red flags
- Learning is reinforced with a case study based on a condominium project
- About the Instructor
- Carole A. McKinney, Radian Guaranty Inc. – Carole has been in the mortgage banking industry for 20 years, and has held management positions during the majority of her career. Training is her first passion.
Construction-to-Perm Mortgages
September 16
11:00 am EST (45 minutes)
- Prerequisites:
- Credit Report Review Webinar - July 22
- Underwriting Workshop Webinar - August 12
- This new 45-minute webinar will provide an in-depth look at the construction-to-perm delivery requirements and guidelines. Recommended for underwriters, loan officers, loan processors, and quality control auditors.
Underwriting Documents and Disclosures
September 19
11:00 am EST (1 hour)
- This training is designed for loan officers, processors, junior underwriters, underwriters, and quality control auditors needing to acquire basic knowledge of the required documents and disclosures for loan origination and underwriting.
- Documents and disclosures will include:
- Uniform Residential Loan Application (FNMA 1003/Freddie Mac 65)
- Verification Forms (VOM, VOE and VOD)
- Uniform Underwriting and Transmittal Summary (FNMA1008/Freddie Mac 1077)
- Good Faith Estimate (GFE)
- Truth-in-Lending
- Transfer of Servicing
Register early, space is limited!
To register these workshops, e-mail MPFTraining@fhlbc.com and copy Linda Hanze at Linda.Hanze@fhlbny.com.
The e-mail should contain the workshop date, participant’s name, institution, e-mail address, phone number, and street mailing address. You will receive a confirmation and schedule once your registration is received. Approximately one week prior to the presentation, you will receive an e-mail 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 workshops on the MPF Program, please contact Linda Hanze at (212) 441-6715 or Tom Doyle at (212) 441-6712.