This Loan Origination program is comprised of the fundamentals of originating
an FHA loan, discussion and examples of all the recent changes and loan
processing requirements. This program provides both an excellent foundation for
those newer to FHA as well as in depth discussion and analysis for more
experienced Loan Originators.
The LIVE Classroom format course includes the FHA Loan Origination Guide
including new refinance calculations, MIP refund handling and secondary
financing updates.
The seminar covers:
- FHA Mortgage Insurance Programs
- General Eligibility
- Application/Interview
- FHA Disclosures Required at Application
- FHA Specialty and Other Programs
- The Property/Appraisal
- Refinances
- TOTAL Scorecard
Course Outline
- Why Use FHA
- Who Qualifies for an FHA Loan
- The Application Process, Documents required/Checklist
- The Appraisal process
- Refinancing a Property
- Loan Submission Requirements
- Scenarios, Exercises and Calculations
- How to make your processor happy
Course Format
- Live Classroom Environment, Instructor-Led
- Fully Interactive - Ability to Ask Questions to Instructor
- 6 Hours Total
- All Course Material Included
Who Should Attend
Primarily mortgage processors, loan officers, and mortgage bankers who have
not been exposed to formal FHA lending training and lenders who want to broaden
their mortgage lending knowledge will benefit from learning how to process FHA
Government loans. Graduates will be better prepared to serve effectively and
profitably as mortgage loan processor.
How it Works
Traditional Style classroom training. Just plan to arrive on time at
the location listed above.
About the Instructor
Our instructors average over 20 years in mortgage banking expereince
including hands-on DE Underwriting, management, training and quality control.
System Requirements
Because this course is instructed via the classroom, your computer is not
required. Feel free to bring your notebook computer if you wish.
Depending on the training location, we will do our best to provide you a
wireless internet access code.
Registration Capacity
Our classes are considered at maximum capacity once 30 students have
registered.
Our classes typically fill up two to three weeks prior. We recommended
reserving your spot early as early as possible so that you can get the dates and
times you most prefer. For many of our courses, we can (when available)
provide you with the Recorded Self-Study (at no extra cost), so you can begin
your training prior to your course participation.
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