Both FannieMae and FreddieMac offer training courses for those who wish to keep up to date with federal underwriting requirements, with FannieMae using the Housing Finance Institute and FreddieMac using LoanProspector for training. The Institutes features a commercial underwriting certification program, as does the National Association of Mortgage Underwriters.
Underwriting courses typically teach students risk evaluation and specific terminology used in insurance contracts. Most have no prerequisites for entry aside from requiring a GED or high school diploma, and many come in conjunction with classes that focus on the insurance industry or in general business educational paths. Though the typical salary of underwriters as of 2014 ran upwards of $64,000, the industry expects decline in demand due to technological displacement.