🎯 Course Description:
This training walks you through the complete process of submitting a “To Be Determined” (TBD) loan and obtaining a Verified Approval Letter (VAL) — a fully underwritten pre-approval that gives borrowers strong buying power.
You’ll learn how to set up a TBD file correctly, pull credit, and submit for underwriting to ensure a seamless transition from pre-qualification to verified approval. The course includes both an overview and a live system demo, guiding you from initial setup to the final VAL request.
🧩 Learning Objectives:
By the end of this training, you will be able to:
-
Understand the purpose and benefits of submitting a TBD loan.
-
Correctly register and set up a TBD submission in the system.
-
Identify required borrower documents for a fully underwritten pre-approval.
-
Distinguish between soft and hard credit pulls and know when to use each.
-
Navigate the system to request and obtain a Verified Approval Letter (VAL).
-
Manage TBD files efficiently in your pipeline for smooth transitions to property-specific loans.