LoanBeam Training

Learn more about how to use LoanBeam’s various technologies.

Training Events

Dashboard File Prep for LoanBeam: Uploads & Downloads

Objectives:

  • Navigate LoanBeam’s Dashboard
  • Upload tax returns to LoanBeam
  • Classify and resolve missing document notifications
  • Navigate LoanBeam’s Help Desk

Recommended Audience:

  • Anyone who assesses a borrower’s general Qualifying Income (e.g., Processor, Jr. UW, UW)

LoanBeam 101: Workbook Fundamentals & Basic Functionality

Objectives:

  • Assess Qualifying Income using the LoanBeam Workbook
  • Demonstrate an ability to adjust Qualifying Income using LoanBeam’s basic functions
  • Understand LoanBeam concepts such as repeated groups, manual overrides, calculation methods, and “X to exclude/include” functionality
  • Recognize the differences between QI templates (1084 vs. 91 vs. SAM)

Recommended Audience:

  • Anyone who assesses a borrower’s general Qualifying Income (e.g., Processor, Jr. UW, UW)

LoanBeam 201: Advanced Workbook Scenarios & Troubleshooting

Prerequisite:

  • Identify issues related to non-borrower income documents
  • Demonstrate an ability to combine split repeated groups
  • Compare the Distribution Method vs. Net Business Income
  • Interpret a business’s liquidity/solvency using Quick Ratio and Current Ratio
  • Reconcile business entity changes (e.g. Sole Proprietorship to LLC)

Recommended Audience:

  • Anyone who finalizes Qualifying Income for a borrower (e.g., Processor, Jr. UW, UW)

Encompass File Prep for LoanBeam: Uploads & Downloads

Prerequisite:

  • Navigate the Encompass Interface
  • Upload tax returns to LoanBeam
  • Classify and resolve missing document notifications
  • Navigate LoanBeam’s Help Desk

Recommended Audience:

  • Anyone who prepares files for underwriting (e.g Loan Officer, LOA, Processor)

Rep & Warranty: Freddie Mac

Objectives:

  • Identify key elements within the Freddie Mac Form 91 Excel Workbook
  • Submit for Rep & Warrant relief via LoanBeam’s web-based dashboard and/or Encompass integration
  • Classify and resolve missing document notifications
  • Access Freddie Mac & LoanBeam Help and Training Resources

Rep & Warranty: Fannie Mae

Objectives:

  • Submitting files to LBI.
  • Using the FNMA SEI 1084 workbook to complete important data attestations for FNMA’s R&W assessment.
  • Uploading the FNMA SEI 1084 workbook to LBI to communicate data to FNMA.
  • Accessing the FNMA PDF R&W report from LBI.

LoanBeam Wage Fundamentals

Objectives:

  • Navigate Wage Dashboard
  • Upload Paystubs and W2s to LoanBeam
  • Classify and resolve missing document notifications
  • Use the Verification Wizard to verify income data
  • Use Income Calculator to determine final QI

Recommended Audience:

  • Anyone who assesses a borrower’s qualifying income (e.g., Processor, Jr. UW, UW)
Downloadable Resources