Course Description
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.
This 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
- On Demand, Instructor-Led, Assessments Included
- Approximately 8 hours on content
- All course material included *Certificate of Completion provided
- Qualifies for 8 Hour NMLS CE For Mortgage Loan Originators
Who Should View
This course is for both the beginner and the seasoned loan originator as it
includes all updates and serves as a good refresher. Learn how to obtain loan
approval the first time, plus provide answers to your questions on FHA
Mortgages. The focus is on all new changes plus application and HUD addendum,
required origination forms, signatures and dates, programs, loan amounts,
cash-on-hand and other assets, credit scoring ratios, credit problems and more!
About the Instructor
Our instructor is Chuck Pollard. Chuck has instructed hundreds of courses for
Mortgage Loan Originations at such as Wells Fargo, GMAC, private mortgage
bankers and community banks across the US. He combines humor and interesting
facts about the subject matter to simplify engagement and learning.
How it Works
You will need your computer capable of audio playback with a strong internet
connection (DSL, Cable, or faster).
This course is a recording of a previously held course. Once purchased,
Diehl and Associates will email you the course link along with a user name and
password within one business day. If you can't wait to get started, call
us at 888-342-5844 during business hours (8:30 AM till 5:00 PM EST) and we can
email out your access link and password immediately.
System Requirements
- A functional computer or Ipad with audio playback capability
- A strong, speedy wired or wireless Internet signal (DSL or higher -
dial-up connections not recommended)
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