FHA/VA Underwriting For Underwriters
Online Course: ID# 1004757
Price: $395.00
Qty:
About This Course:
"FHA/VA Underwriting For Underwriters" is an in-depth, instructor-led online program that will help you develop an FHA/VA niche in order to make you a more profitable FHA mortgage underwriter.
It is designed to teach the fundamentals of the underwriting Government loans to new and seasoned mortgage underwriters alike.
Course OutlineIn this course you'll learn about Required documentation, FHA/VA guidelines and rules, and more, including:
- Origination & Processing
- Credit: Total vs Manual
- Evaluating Liabilities & Debts
- FHA Forms and Disclosures
- Mortgage insurance requirements
- VA Entitlement & Guaranty
- VA Refinance Programs
- FHA/VA Credit, Income, Assets
Upon finishing the course you will receive a Certificate of Completion and skills required to be a successful mortgage underwriter.
Anticipated Time To CompleteThis online course will take approximately three hours to complete. You do not have to complete the course in one sitting - there are bookmarks in this course that allow you to stop and restart as needed.
Access InformationUpon enrollment, you'll receive an email from the course provider (CampusMortgage®) with links and passwords to access the course. You will have full access to the course for one full year.
Top FAQs
Borrowers are required to pay a mortgage insurance premium, are subject to loan maximums, and meet minimum property standards.
An FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development, or HUD. FHA borrowers pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.
FHA home loans have attractive interest rates and less stringent qualifications on things like down payment amounts and credit scores.
FHA loans are not as attractive as conventional loans due to FHA's loan limit restrictions, higher mortgage insurance costs, and stricter appraisal guidelines.
FHA loans are typically easier to qualify for, with lower down payment and credit score requirements, making them a perfect solution for those that can't qualify for a conventional loan.
An FHA Loan Processor is responsible for analyzing the loan applications, assessing creditworthiness, and determining the likelihood of loan repayment.
VA loans help current and past members of the military to purchase homes.
No downpayment, private mortgage insurance not required, low interest rates, and lower closing costs
Little or low money down means less equity and limits to use (can't be used for rental or vacation properties).
A VA Loan Processor is responsible for analyzing the loan applications, assessing creditworthiness, and determining the likelihood of loan repayment.
