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CampusMBA Launches New FHA and VA Training Service
By James Comtois
Many mortgage originators turned away from the Federal Housing Administration mortgage insurance program because subprime products were easier to do and more profitable. Because the secondary market for subprime has collapsed, the FHA program is seeing a spurt in interest.
But many recent entrants to the mortgage business have no experience with these loans, while veterans have not done any FHA loans in years. In order to educate real estate professionals on how FHA and VA loans can be leveraged, the education division of the Mortgage Bankers Association, CampusMBA, has launched FHA Central, a complete FHA and VA training service.
FHA Central offers custom classes are designed to give users insight into this expanding segment of the market. The classes provide users with both tactical and strategic skills that can be practically applied to their current businesses.
FHA Central includes a series of live online workshops, instructor-led web course, print-based courses and publications. Seminars include, "How to Become FHA Approved" and "Top Ten Advantages of Selling VA Products." Instructor-led courses will begin in early 2008 with "FHA Fundamentals" and "VA Fundamentals."
"As FHA's influence and market share are now growing again, this is the time for industry professionals to learn or re-learn the basics of the FHA program and how it can be utilized," said John Golden, MBA's vice president of education.
"It's critical that they understand how these recent changes will affect their businesses and by leveraging CampusMBA's FHA Central, they will have the opportunity to see the broader role that FHA and VA loans can play in helping more borrowers achieve…homeownership," he added.
CampusMBA also offers the option for custom company-specific FHA and VA training through its Enterprise Learning Solutions Group.
Registration is open to MBA members and nonmembers. Real estate professionals interested in enrolling can visit http://www.campusmba.org.
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