Combining drastic increases in market share (3% to over 30%), numerous changes
(averaging over 40 announcements a year) and the most flexible lending option
available; FHA has become an important slice of the lending pie. That being said
it is often misunderstood by originators, referral sources and even
underwriters. Increasing your knowledge of FHA can improve the ability to spot
opportunities and persuasively communicate with underwriting and the bottom
line----get more business closed.
This course is designed to provide an inside view of FHA with key parts of the
Diehl DE Underwriting program that apply to increasing originations. It covers
the myths, misconceptions and rumors, key lending scenarios and the situations
that make them do-able, downgrades to manual underwrites, niche programs to
drive more business.
Make time you spend on CE count. Sign up today.
Course Outline
Federal Law (3 Hours)
- What is FHA
- Mortgage Insurance Premiums
- FHA General Eligibility
- 1003 Uniform Residential Loan Requirements
- FHA Disclosures Required at or Before Closing
Ethics (2 Hours)
- FHA and Consumer Protection
- Rules Governing FHA Loan Fees
- Appraisal Requirements
- DE Program Monitoring
- Lender/Underwriter Requirements
- Mortgagee Review Board
- Business Ethics
- A refresher on Ethics
- A game plan for dealing with ethical issues
- Case Study
- Ethics Group Discussion
Non-Traditional and Government Lending (3 Hours)
- FHA Specialty / Other Programs
- The Property
- FHA Refinances
- TOTAL Scorecard
- FHA Case Studies on FHA scenarios
Course Format
- Live, Instructor-Led
- Fully Interactive
- 8 Hours Total
- All Course Material Included * Certificate of Completion provided
- Registration with the NMLS
Who Should Attend
This training is useful for ALL mortgage professionals including loan
officers, brokers, mortgage processors, and underwriters.
How it Works
Traditional Style classroom training. Just plan to arrive on time at
the location listed above.
About the Instructor
Chuck Pollard has trained over 300 mortgage lending programs and combines,
humor, interactivity and involvement to make the program and interesting and
informative as possible.
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.
Return to Course Schedule
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