Residential Mortgage Underwriting from a Lender's Perspective (Non-Broker Stream)

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Residential Mortgage Underwriting from a Lender’s Perspective was developed in collaboration with the University of British Columbia, Sauder School of Business: Real Estate Division, a leading provider of industry–driven, online distance education programs.

Mortgage Professionals Canada and the Sauder School of Business have introduced six new courses on a number of key industry-related topics in support of professional development and the AMP National Competency Exam – Non-Broker Stream.

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Underwriters must have an expert understanding of the mortgage underwriting process, including the technical elements of loan qualification as well as the importance of the co-dependent relationship that exists between the mortgage originator and the mortgage lender, and the factors that affect this bond. They must also be highly familiar with the regulatory requirements which govern mortgage lending, as well as their firm’s business goals and underwriting guidelines. Underwriters must fully appreciate the importance of their role in assessing mortgage submissions – i.e. provide critical analysis of information in order to identify and manage risks.

Knowledge of the lender’s process for monitoring its investments once the loan is funded, and the costs associated with mortgage arrears and defaults for borrowers, lenders and brokers, also reinforces the underwriter’s key role in mortgage adjudication.

When you click the Register button, you will be redirected to the UBC Sauder School of Business: Real Estate Division website.

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