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Special Reports
FHA Lending
Getting 'Online' for an FHA Course
The class is slated to start in February
Since many lenders expect to see FHA loans become more in demand, mortgage lending
information and technology providers are offering the industry an educational option to gain more expertise.
AllRegs Academy here said that in February it will begin "Fundamentals of
FHA Underwriting," an instructor-led online course for "new and seasoned" lenders that will offer
knowledge essential to originating loans. "For the changing market, we organized an incredibly useful and
comprehensive FHA loan underwriting training course for lenders," said AllRegs senior vice president Dan Thoms.
"After taking this course, originators will not only feel comfortable and confident, but they can immediately
include a new loan product to help them during this difficult market."
The course is designed for those interested in knowing the unique FHA loan underwriting
guidelines and requirements including updated information on the most recent legislation changes passed by Congress,
expected to become law in the near future.
Industry experts will be available once a week for four weeks via conference call
and WebEx presentations to deliver four online sessions.
Graduates will learn how to understand key differences between underwriting conventional
and FHA loans, how to calculate maximum FHA loan limits, qualifying ratios, upfront and monthly MIP, how to identify
"the critical areas on the mortgage credit analysis worksheet," determine if a manufactured home or other
properties are within FHA guidelines, and determine if borrower financial profiles, income and assets meet FHA
requirements.
Detailed information is available at allregs.com.
Since 1989 the academy has worked with the country's top 100 lenders, governmental
agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA and Ginnie Mae.
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