This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Genworth U.S. Mortgage Insurance Redesigns MBA's Certified Residential Underwriter Training Courses To Reflect Market, Regulatory Changes

RICHMOND, Va., Sept. 10, 2013 /PRNewswire/ -- Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial, Inc. (NYSE: GNW), and the Mortgage Bankers Association (MBA) today announced that a redesigned training curriculum for CampusMBA's Certified Residential Underwriter (CRU) Specialist Designation will be available on September 17, 2013, to meet the growing demand for underwriters proficient in evaluating borrowers in today's rebounding home purchase market.

The CRU is the only specialized mortgage industry designation that signifies mastery of the specific skills needed to underwrite residential mortgages. Participants who complete the courses learn tangible skills to increase accuracy in underwriting, which contributes to reduced error rates, improved risk management, greater productivity and better loan quality for the mortgage industry. In addition, participants who successfully complete the course learn about the latest laws, regulations and issues regarding fraud and regulatory compliance.

The redesigned CRU courses were previewed at the Mortgage Bankers Association Risk Management and Quality Assurance Forum in Phoenix, AZ. All courses for the Certified Residential Underwriter designation are self-study and web-based, and offered through CampusMBA, the education division of the MBA. Course descriptions, registration and pricing information are available at:

Each level of the CRU curriculum – Basic, Intermediate and Advanced – represents at least 50 hours of coursework, with each level requiring successful completion of a comprehensive exam. Participants must complete a total of 15 required courses to achieve the CRU Specialist Designation. Every Genworth USMI underwriter has completed the three levels of the CampusMBA training course and attained the CRU designation.

"Genworth USMI has been the exclusive partner with CampusMBA in developing and updating these courses since their introduction in 2006," said Joanne Rehm, director of training at Genworth USMI. "We're pleased to offer our innovative, award-winning training expertise to support efforts to improve the skills of industry professionals and help lenders respond to evolving mortgage market needs."

"Completion of each level of the CRU course denotes a high standard of learning that helps organizations and the mortgage industry reach a higher level of effectiveness, efficiency and competence," said Jeff Schummer, vice president, research and education at MBA.

New and substantially redesigned course content includes information on: the foundations for thorough underwriting; best practices in understanding and analyzing personal and business tax returns; regulatory compliance in loan origination; and detecting mortgage loan fraud, including a focus on current fraud trends, new legislation, and recent court cases.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.17 -1.80%
FB $116.56 -0.15%
GOOG $689.89 -0.16%
TSLA $238.22 -3.80%
YHOO $36.29 -0.82%


Chart of I:DJI
DOW 17,691.26 -139.50 -0.78%
S&P 500 2,055.14 -20.67 -1.00%
NASDAQ 4,752.6650 -52.6260 -1.10%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs