Enact Holdings, Inc. · NASDAQ:ACT
Enact — Genworth Mortgage Insurance — Investor Presentation (January 2019)
118 slides from Enact's investor presentation, January 2019
Slide 1: Desktop Underwriter Training
® Desktop Underwriter Training Understanding the Underwriting Findings Report January 2019 Genworth Mortgage Insurance Corporation ©2019 Genworth Financial, Inc. All rights reserved.
Slide 2: Agenda
Agenda In Today’s Session – Fannie Mae Website – Understanding Recommendations – Understanding DU Risk Analysis – Credit, Income and Asset and Appraisal Messages – Data Integrity Reminders and Fannie Mae Updates – Genworth Website Today’s Session Addresses Only Conventional Loans And Excludes DU
Slide 3: Fannie Mae Website
Fannie Mae Website http://fanniemae.com/portal/index.html Desktop Underwriter 3
Slide 4: Fannie Mae Website
Fannie Mae Website https://www.fanniemae.com/singlefamily/desktop-underwriter Desktop Underwriter 4
Slide 5: Selling Guide
Selling Guide https://www.fanniemae.com/content/guide/selling/index.html Desktop Underwriter 5
Slide 6: Lender Letter LL-2018-06
Lender Letter LL-2018-06 Lender Letter 2018-06 included the following topics: – Employment directly affected by the shutdown – Government verifications (e.g., IRS, SSA) – Selling and Servicing loans requiring flood insurance – Inability for borrower to make scheduled payments resulting from shut
Slide 7: Announcement 2018-09
Announcement 2018-09 Selling Guide Updates – Calculating Self-employment Income…see income section – Commission and Unreimbursed Business Expenses • Removing different treatment of commission income based on percentage..see income section – On-Frame Modular and Modular Construction Updates…see a
Slide 8: Lender Letter 2018-05
Lender Letter 2018-05 Conventional Loan Limits for 2019 – Effective for loans delivered, and mortgage loans delivered into MBS pool issue dates, on or after January 1, 2019 – The new limits will be applied to DU 10.2 and 10.3 casefiles submitted or resubmitted on or after the weekend of December
Slide 9: DU 10.3 Release
DU 10.3 Release Updated Risk Assessment in DU – Effective for new casefiles created Dec 8 (see next slide for changes) – Borrowers without traditional credit • If borrower only has “medical tradelines” loan will receive Out of scope and manual underwrite is required to proceed Appraisal Waiver C
Slide 10: 10.3 Risk Factor Changes
10.3 Risk Factor Changes Desktop Underwriter 10
Slide 11: 10.3 Risk Factor Changes
10.3 Risk Factor Changes Desktop Underwriter 11
Slide 12: 10.3 Risk Factor Changes
10.3 Risk Factor Changes Desktop Underwriter 12
Slide 13: 10.3 Risk Factor Changes
10.3 Risk Factor Changes Desktop Underwriter 13
Slide 14: Selling Guide SEL 2018-07
Selling Guide SEL 2018-07 Clarifying- Effective Immediately For occupations that result in a series of short- term job assignments where a union facilitates the borrower’s placement: Selling Guide now allows the Union to provide: The verbal verification of employment for a union worker who is cu
Slide 15: Selling Guide SEL 2018-07
Selling Guide SEL 2018-07 Selling Guide Updates Renaming of Property Inspection Waiver (PIW) and Property Fieldwork Waiver (PFW) to “Appraisal Waivers” Rural High-Needs Appraisal Waivers (NEW) Loan casefiles that receive Approve/Eligible Purchases only One-unit (excluded manufactured homes
Slide 16: Lender Letter LL-2018-03
Lender Letter LL-2018-03 MI Termination Changes – Fannie Mae For borrower-initiated cancellations based on original value, allow servicers to use Fannie’s Automated Property Service™ (APS) to verify the current value of the property so they no longer have to warrant the property value; For b
Slide 17: Selling Guide SEL 2018-05
Selling Guide SEL 2018-05 Selling Guide Updates Included in the announcement were the following: MH Advantage™ Properties Inspection of MH with structural modifications Disregarding DU Bankruptcy and mortgage delinquency assessment ® HomeStyle Energy in DU ® HomeStyle Renovation Forms
Slide 18: Day 1 Certainty
Day 1 Certainty TM https://www.fanniemae.com/singlefamily/desktop-underwriter-validation-service Desktop Underwriter 18
Slide 19: DU Validation Service
DU Validation Service Optional Service via DU – Lenders Must Activate to use – Execute contract with vendor(s), then execute contract/agreements with Fannie Mae – Validation Options for Income, Assets and Employment verified by Third Party Data Vendor (i.e. The Work Number® from Equifax®) – Tax
Slide 20: DU Validation Service
DU Validation Service – Lenders obtain borrower consent then orders the “verification report(s)” – Lender reviews report for any discrepancies with borrower – Lender enters details into DU and submits – DU obtains a “duplicate” report from the vendor using loan number or reference number. (Lender lo
Slide 21: How It Works-Income Example
How It Works-Income Example Desktop Underwriter 21
Slide 22: Fannie Mae HomeReady
Fannie Mae HomeReady® HomeReady – Designed for Low-to moderate income borrowers – See HomeReady webpage for more details – See Genworth Training on this specific product for further information https://www.fanniemae.com/singlefamily/homeready?cmpid=sln082515 Desktop Underwriter 22
Slide 23: General Lender Requirements
General Lender Requirements When underwriting loans with DU, the lender must: – Employ prudent underwriting judgment – Confirm the accuracy of the data it submits – Ensure that the loan complies with all of the verification messages and approval conditions – Apply due diligence when reviewing th
Slide 24: DU/DO Release Notes August 2018
DU/DO Release Notes August 2018 DU Underwriting Findings Report Updates to the DU findings report include: Emphasis, bolding and coloring to certain information in the summary sections Track changes functionality added to enable users to identify what messages have been changed, added, or de
Slide 25: Sample Summary Section
Sample Summary Section Existing and New Summary Section of DU Findings Report New Desktop Underwriter 25
Slide 26: Sample Messages
Sample Messages New Enhanced Coloring of Messages Added, Changed or Removed Existing Messages New Desktop Underwriter 26
Slide 27: Sample Messages
Sample Messages Filtering Options of Messages New Enhanced Coloring of Messages Added, Changed or Removed Existing Messages New Desktop Underwriter 27
Slide 28: Sample Messages
Sample Messages New Bolded and Bulleted Message Format Existing Messages New Desktop Underwriter 28
Slide 29: Analyzing Reports
Analyzing Reports SUMMARY: Contains “DU” Recommendation and Purchase Eligibility DAY 1 CERTAINTY MESSAGES: Day 1 certainty or Enforcement relief on property value) RISK AND ELIGIBILITY: Provides details on risk recommendation and why loan is NOT eligible for delivery and possible data entry errors F
Slide 30: Sample DU Findings Report
Sample DU Findings Report Summary Section –Contains “Recommendation Desktop Underwriter 30
Slide 31: Recommendations
Recommendations All other Recommendations have been discontinued Desktop Underwriter 31
Slide 32: Recommendations - Eligible
Recommendations - Eligible Desktop Underwriter 32
Slide 33: Recommendations - Ineligible
Recommendations - Ineligible Desktop Underwriter 33
Slide 34: Recommendations - Refer with Caution
Recommendations - Refer with Caution Desktop Underwriter 34
Slide 35: Recommendations - Out of Scope
Recommendations - Out of Scope DU Out of Scope Recommendation – DU is unable to underwrite the particular product, mortgage, or borrower described in the submission • Cash Out, Purchase and construction loans with a CLTV > 105% • Balloon Terms greater than 30 years Mortgages that receives an Out
Slide 36: Underwriting Borrowers Without Traditional Credit
Underwriting Borrowers Without Traditional Credit DU Version 10.0 includes the ability to underwrite loan casefiles where no borrowers have a credit score. A tri-merged credit report must be requested for all borrowers on the loan application. – If the credit report indicates a credit score
Slide 37: Underwriting Borrowers Without Traditional Credit – Eligibility Guidelines
Underwriting Borrowers Without Traditional Credit – Eligibility Guidelines For loan files where no borrowers have established traditional credit, DU will apply the following additional guidelines: – Principal residence where all the borrowers will occupy the property – One-unit property (not a m
Slide 38: Verifying Housing Payments
Verifying Housing Payments B3-5.4-03: Verification and Documentation of Alternative Credit Desktop Underwriter 38 38
Slide 39: Sample DU Findings Report
Sample DU Findings Report Summary Section –Fixed or ARM? Desktop Underwriter 39
Slide 40: ARM Qualifying Rate
ARM Qualifying Rate Always Enter The Index And Margin On ARM Loans Desktop Underwriter 40
Slide 41: Sample DU Findings Report
Sample DU Findings Report Risk/Eligibility – Why NOT eligible – How underwritten (specific product/program) – Potential inaccuracies Desktop Underwriter 41
Slide 42: Sample DU Findings Report
Sample DU Findings Report Findings – Strengths in the loan application Desktop Underwriter 42
Slide 43: Sample DU Findings Report
Sample DU Findings Report Verification Message/Approval Conditions – “Heart “of the Findings Report – Provides minimum documentation – Refer to the Selling Guide for more information – Follow specific investor overlays, if applicable – Genworth MI Simply Underwrite for your DU Approve/Eligible l
Slide 44: Sample DU Findings Report
Sample DU Findings Report Verification Messages Broken out by Topic: –General messages •Potential Red Flag Messages •Document Expiration date •MI requirements –Credit and Liabilities •Bankruptcy, foreclosures, charge offs •Late pays, payoff of accounts, omitted liabilities –Employment and Income
Slide 45: Sample DU Findings Report
Sample DU Findings Report Verification Messages Broken out by Topic: –Sample Potential Red Flag message •Social Security Alerts Desktop Underwriter 45
Slide 46: Desktop Underwriter Potential Red Flag Messages - Updated
Desktop Underwriter Potential Red Flag Messages - Updated Messages Must Be Cleared –Provides message text –Why message appeared –Possible ways to clear or resolve https://www.fanniemae.com/content/tool/du-potential-red-flag-message-matrix.pdf Desktop Underwriter 46
Slide 47: Sample DU Findings Report
Sample DU Findings Report Verification Messages Broken out by Topic: –Sample general messages •Credit document Expiration date (Note it is four months, not 120 days) •A Lender Credit was entered in transaction details; A very detailed message appeared; If further questions, refer to the Selling
Slide 48: Sample DU Findings Report
Sample DU Findings Report Verification Messages Broken out by Topic: –Sample general messages •Maximum LTV/CLTV/HCLTV •When MI is needed coverage requirements are provided and a reminder to verify proper premium is included on the loan application Desktop Underwriter 48
Slide 49: Credit and Liabilities
Credit and Liabilities Desktop Underwriter 49
Slide 50: DU 10.0 and 10.1 Updates
DU 10.0 and 10.1 Updates Borrowers with Credit Freeze – DU will underwrite if only one repository is frozen • A warning message will be issued by DU reminding lenders of their responsibility – If two repositories are frozen DU will issue an error message – If no credit score is generated by the two
Slide 51: Credit Freeze FAQ’s
Credit Freeze FAQ’s https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs Desktop Underwriter 51
Slide 52: Credit and Liability Messages
Credit and Liability Messages Verification Messages Broken out by Topic: –Credit and Liabilities •Bankruptcy, foreclosures, charge offs, late pays, omitted accounts •What accounts were indicated as “to be paid off” •Mortgage payment that need additional attention This message is NOT on your samp
Slide 53: Significant Derogatory Credit Events
Significant Derogatory Credit Events B3-5.3-07, Significant Derogatory Credit Events — Waiting Periods and Re- establishing Credit (07/29/2014) Not ALL Lenders Allow For Extenuating Circumstances Desktop Underwriter 53
Slide 54: Selling Guide B3-5.3-09: DU Credit Report Analysis
Selling Guide B3-5.3-09: DU Credit Report Analysis (03/31/2015) Desktop Underwriter 54
Slide 55: Selling Guide
Selling Guide (Remember DU Does NOT Know The Disbursement Date) Desktop Underwriter 55
Slide 56: Bankruptcy And Mortgage Delinquency June Updates
Bankruptcy And Mortgage DelinquencyJune Updates 23, 2018 Updated DU 10.2 – With 10.2 lenders will have the ability to instruct DU to disregard bankruptcy information in the eligibility assessment that is incorrect or due to extenuating circumstances, or disregard excessive mortgage delinquency i
Slide 57: Bankruptcy And Mortgage Delinquency June Updates
Bankruptcy And Mortgage DelinquencyJune Updates 23, 2018 Updated DU 10.2 Sample Data Entry – Check your specific policy if you are able to override DU with these options Desktop Underwriter 57
Slide 58: Disputed Tradelines and DU 10.1
Disputed Tradelines and DU 10.1 DU 10.1 – When DU issues “Approve/Eligible” using the disputed trade lines: • Include the payment, if any, in the DTI but no further documentation is required. – When loan casefile does not receive Approve recommendation including the disputed trade line, risk will be
Slide 59: Authorized Users
Authorized Users Credit Processing Continued.. – Authorized User Accounts: DU considers authorized user accounts in it’s credit risk assessment. FICO scores may be impacted but DU’s risk engine looks at the trade lines and makes a credit recommendation. – Lenders should underwrite without the be
Slide 60: Credit and Liabilities
Credit and Liabilities For loan casefiles underwritten through DU – DU determines the maximum allowable debt-to income ratio based on the overall risk assessment of the loan casefile – DU will apply a maximum allowable total expense ratio of 50% for non-HARP loans DU 10.1 & 10.2 Desktop Underwri
Slide 61: Credit and Liabilities
Credit and Liabilities The total monthly obligation is the sum of the following: – Monthly housing expense (PITI) – Monthly payments on installment debts and other mortgage debts that extend beyond ten months (including deferred installment loans); – Monthly payments on revolving debts (unless e
Slide 62: Credit and Liabilities...cont
Credit and Liabilities...cont The total monthly obligation….cont – 30 Day charge accounts -monthly balance will not be calculated in the DTI but included as reserves in the “required funds to be verified” – Do not Omit or mark paid by close • Verify MOP is “O” on credit report and mapped correct
Slide 63: Credit and Liabilities...cont
Credit and Liabilities...cont Student Loans – Is it Deferred or in Repayment? – Student Loans in repayment: • Use the actual payment documented from credit report; If no payment listed – Use verified loan terms from student loan lender – Documentation supplied by the borrower or – 1% of the outs
Slide 64: Credit and Liabilities ...cont
Credit and Liabilities ...cont The total monthly obligation is the sum of the following: – Monthly alimony, child support, or maintenance payments that extend beyond ten months SEL 2017-06 allows option to reduce income by the monthly Alimony obligation in lieu of a liability – Business debt in
Slide 65: Credit and Liabilities...cont
Credit and Liabilities...cont The total monthly obligation is the sum of the following: SEL 2018-01 allows option to include a payment in the DTI if certain requirements are met – Selling Guide requirements are: Desktop Underwriter 65
Slide 66: Credit and Liabilities...cont
Credit and Liabilities...cont The total monthly obligation is the sum of the following: SEL 2018-09 requires SBA loans secured by the subject to be treated as a subordinated lien : Desktop Underwriter 66
Slide 67: Employment and Income
Employment and Income Desktop Underwriter 67
Slide 68: Read The Verification Messages
Read The Verification Messages Income Verification Messages Desktop Underwriter 68
Slide 69: Fannie Mae Selling Guide
Fannie Mae Selling Guide Continuance of Income See B3-3.1-01, General Income Information (08/07/2018) Desktop Underwriter 69
Slide 70: Income and Employment
Income and Employment Most recent two years tax returns required when the borrower: – Is employed by family members; – Is employed by interested parties to the property sale or purchase; – Receives rental income from an investment property (only one year of tax returns is required unless the bor
Slide 71: Income and Employment
Income and Employment • General Levels of Documentation: Base Earnings – Recent pay stub dated within 30 days of application and previous one or two years W-2s – Verbal verification of employment within 10 business days of closing or after closing but prior to loan delivery – Or a written verificati
Slide 72: Income and Employment
Income and Employment • General Levels of Documentation: Bonus and Overtime – See additional requirements for “Variable” income in the Fannie Mae 2018 Seller Guide Section B3-3.1-01, General Income Information Desktop Underwriter 72
Slide 73: Announcement 2018-09 Updates
Announcement 2018-09 Updates Commission income effective immediately with 2018-09 – All commission income will be treated the same, individual tax returns or tax transcripts will no longer be required. – Or a written verification of employment (Written VOE 1005) can be used in place of either of
Slide 74: Income and Employment
Income and Employment • General Levels of Documentation: Self-Employment – Most recent one year personal and federal business tax returns (Only one year required for certain cases but borrowers still must be self-employed for two years) OR – Most recent two years personal and two years federal busin
Slide 75: Announcement 2018-09 Updates
Announcement 2018-09 Updates • Use of LoanBeam for income 1084 workbook – Fannie Mae has approved the use of this tool and if lender uses it to calculate income and enter the monthly income amount in DU, Fannie Mae will provide representation and warranty enforcement relief* on the accuracy of the c
Slide 76: Income and Employment
Income and Employment • Verbal Verifications of Employment & Existence of the Business Desktop Underwriter 76
Slide 77: Income and Employment
Income and Employment • General Levels of Documentation: Retirement Income – When funds are drawn from assets, stocks, bonds or mutual funds, you must factor potential volatility of the income stream and three year continuance required Desktop Underwriter 77
Slide 78: Income and Employment
Income and Employment • General Underwriting Requirements – Lenders must review the “type” of income earned and entered in DU; income used for qualifying must be reasonably stable and likely to continue at the current levels. RED FLAG: Declining income – Bonus and Overtime must be annualized or not
Slide 79: Assets and Reserves
Assets and Reserves Desktop Underwriter 79
Slide 80: Asset And Funds Sections
Asset And Funds Sections Observation Section Lists Total Assets Entered By Type; Underwriting Analysis Report Lists Total Funds Required Including Any Reserves Assets Entered By Type Total Funds Required Additional Reserves May Need To Be Verified If Paying Down Accounts, Paying Off Collections Or J
Slide 81: Sample DU Findings Report
Sample DU Findings Report Verification Messages Broken out by Topic: –Assets and Reserves •Amount to verify, liquidation, discounting of value, documentation requirements •Access requirements Desktop Underwriter 81
Slide 82: Sample DU Findings Report
Sample DU Findings Report Mutual Funds and Standard Depository Messages: –Proof of liquidation and number of months documentation –Refers lenders to Selling Guide for large deposits (we will discuss on a future slide) Desktop Underwriter 82
Slide 83: Sample DU Findings Report
Sample DU Findings Report Stocks or Bond Account Messages: –Non-vested stock options and non-vested restricted stock are not acceptable sources of funds for the transaction Desktop Underwriter 83
Slide 84: Assets and Reserves
Assets and Reserves Fannie Mae Borrower Contribution Policy – Allows for personal gifts, and in some cases gifts or grants from an entity, employer assistance, and Community Seconds as minimum borrower contribution for certain transactions – Gift funds are never allowed on Investment – Gift letters
Slide 85: Assets and Reserves
Assets and Reserves High Balance Loans DO NOT Require Minimum Borrower Contribution For One Unit Properties Desktop Underwriter 85
Slide 86: Assets and Reserves
Assets and Reserves Retirement accounts (401k or IRA) – Accounts that allow for withdrawals only in connection with the borrower’s employment termination, retirement, or death, or the account does not allow for any type of withdrawal should not be entered Desktop Underwriter 86
Slide 87: Selling Guide SEL 2014-06
Selling Guide SEL 2014-06 Desktop Underwriter 87
Slide 88: IPC Updates in DU
IPC Updates in DU Updates – Sales Concessions Field or IPC is being removed from DU and lenders must make the adjustment to the purchase price manually or the purchase contract must be amended to restrict maximum IPC paid Desktop Underwriter 88
Slide 89: Borrowers with Multiple Financed Properties
Borrowers with Multiple Financed Properties DU uses the number of financed properties to apply the following eligibility guidelines: – A minimum credit score of 720 is required for borrowers with 7-10 financed properties – Borrowers are limited to a maximum of 10 financed properties Desktop Unde
Slide 90: Borrowers with Multiple Financed Properties
Borrowers with Multiple Financed Properties DU Version 10.0 reflects a simplified policy that applies to loans for borrowers with multiple financed properties. The policy requires fewer eligibility overlays and updated reserve requirements, which are automated by DU. – A new field “Number of Fin
Slide 91: Borrowers with Multiple Financed Properties – Reserve Requirements
Borrowers with Multiple Financed Properties – Reserve Requirements DU determines the reserves required for the other residential financed properties (excluding the borrower’s principal residence and the subject property). The reserve amount is determined by applying a specific percentage to the aggr
Slide 92: Borrowers with Multiple Financed Properties
Borrowers with Multiple Financed Properties If The Loan Casefile Does Not Meet The Reserve Requirements, DU Will Issue An Ineligible Recommendation And A Message Will Be Issued. Desktop Underwriter 92
Slide 93: Property and Appraisal
Property and Appraisal 2016-09 A Full Appraisal Is Always Required, Regardless Of The DU Appraisal Option, When The Last Sale Was An REO Or Foreclosure Sale Desktop Underwriter 93
Slide 94: FAQs
FAQs Appraisal Waivers Appraisal and Property-Related Desktop Underwriter 94
Slide 95: Appraisal Updates
Appraisal Updates 2018-09 Modular Home Updates – On-frame modular homes that comply with local building codes, attached to a permanent foundation, and are built using the same materials as comparable stick-built homes are now an eligible property type. – These homes will follow the same eligibil
Slide 96: DU 10.3 Updates Appraisal Waivers
DU 10.3 Updates Appraisal Waivers Effective December 8, Rural High-Needs Appraisal Waiver Available Desktop Underwriter 96
Slide 97: Appraisal Waiver Updates
Appraisal Waiver Updates Available for Certain Purchase and Refinance DU Casefiles – When a casefile is eligible for an appraisal waiver, Fannie Mae accepts the “submitted” value estimate as the market value. – Fannie Mae provides relief of reps and warranties on the value, condition and marketa
Slide 98: Appraisal Waivers-Ineligible Transactions
Appraisal Waivers-Ineligible Transactions Desktop Underwriter 98
Slide 99: Property Value Enforcement Relief
Property Value Enforcement Relief Fannie offers enforcement relief on reps/warranties related to property value on certain loan casefiles when: – Appraisal received a CU Risk Score of 2.5 or below, and – Property type is a one-unit detached, attached or condominium property The following fields
Slide 100: Property and Appraisal-Condos
Property and Appraisal-Condos If Property Type Condominium, Project Review Type Message Will Appear: 2018-01 detached condos no longer require project approval (excluded manufactured homes) Desktop Underwriter 10 0
Slide 101: Condo Project Manager 8.2 Release Notes
Condo Project Manager 8.2 Release Notes On Aug. 18th Condo Project Manager™ (CPM™) was updated to align with the changes related to condo policies communicated in Selling Guide Announcement SEL- 2018-05. Desktop Underwriter 10 1
Slide 102: Observations
Observations FYI information Desktop Underwriter 10 2
Slide 103: Underwriting Analysis
Underwriting Analysis Page #1 Validate the details Desktop Underwriter 10 3
Slide 104: Underwriting Analysis
Underwriting Analysis Page #2 Validate the details Desktop Underwriter 10 4
Slide 105: Reminders
Reminders • Lenders are responsible for integrity of the data submitted to DU – Do you have all pages to the bank statement and are all large deposits addressed and sourced? – Retirement accounts? Access verified if required? Fully vested? Did you subtract any outstanding loans and is applicant full
Slide 106: Reminders & Updates From Fannie Mae
Reminders & Updates From Fannie Mae • Lenders are responsible for integrity of the data submitted to DU – Deferred loans must always be included in the debt ratio; Use amount on credit report, 1% of unpaid balance or actual verified payment – Student loans in repayment use actual payment per credit
Slide 107: Reminders & Updates From Fannie Mae
Reminders & Updates From Fannie Mae • Lenders are responsible for integrity of the data submitted to DU – Loans in process where an appraisal as been ordered and submitted and the property is in a designated disaster area, property will become eligible for a PIW on a future transaction if it meets r
Slide 108: Reminders & Updates From Fannie Mae
Reminders & Updates From Fannie Mae • Lenders are responsible for integrity of the data submitted to DU – DU casefile or the Doc File ID may not be used more than once and a new error message will appear if a lender attempts to do so – DU loan casefile archival policy is extended from 270 days (9 mo
Slide 109: Reminders & Updates From Fannie Mae
Reminders & Updates From Fannie Mae • Lenders are responsible for integrity of the data submitted to DU – An appraisal waiver is not eligible for investment properties if you are using rental income from the subject property – Appraisal waiver is not eligible if an appraisal has been uploaded throug
Slide 110: www.FannieMae.com
www.FannieMae.com Desktop Underwriter 11 0
Slide 111: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines Desktop Underwriter 11 1
Slide 112: Genworth Rate Express
Genworth Rate Express® Desktop Underwriter 11 2
Slide 113: LOS Connections
LOS Connections Desktop Underwriter 113
Slide 114: Training Tools and Information
Training Tools and Information Desktop Underwriter 114
Slide 115: Training Tools and Information
Training Tools and Information Desktop Underwriter 115
Slide 116: Additional MI Site Information
Additional MI Site Information Desktop Underwriter 11 6
Slide 117: Your Genworth Resources
Your Genworth Resources ActionCenter®: 800 444.5664 Your Local Genworth Regional Underwriter Your Genworth Sales Representative Desktop Underwriter 117
Slide 118: Legal Disclaimer
Legal Disclaimer Genworth Mortgage Insurance is happy to provide you with these training materials. While we strive for accuracy, we also know that any discussion of laws and their application to particular facts is subject to individual interpretation, change, and other uncertainties. Our train
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