April 23rd, 2008 Brent
FHA Training can be the difference between an office struggling to get files approved and making a lot of money by submitting clean files that get approved quickly through underwriting. While FHA is not the overall answer for every broker or loan officer, it is a product that can be used to fit certain borrowers into a loan with a great rate and very good pay for the origination. There are many benefits to having a good FHA training for your office.
If your FHA training is effective, your loan officers, or yourself, can quickly do an evaluation to know whether FHA is a better choice for your client than a conventional mortgage. Although borrowers typically only see the rate difference, the difference in MI (if it is needed on the conventional mortgage) may make the difference in whether the payment makes sense for the borrower. Not everyone is a good candidate for FHA, and going through an FHA training course and material will help in knowing which is better for the client.
This is a great FHA training course for little money. CLICK HERE to get it now!
Posted in Uncategorized | No Comments »
April 23rd, 2008 Brent
FHA presents one of the biggest opportunities for loan officers, mortgage brokers, and borrowers alike. With looser underwriting standards than conventional mortgages, more affordable monthly mortgage insurance, and low interest rates, FHA is quickly becoming a product that loan officers and brokers need in their offerings. Not only does it mean more business, it also has very lucrative pricing to go with it. Having FHA loan officer training for your office will not only improve the quality of file submissions to underwriting but will improve the confidence the clients have in your business.
The first thing that should be taught in the FHA loan officer training in your office is how to quickly spot a file that will not survive underwriting. Typically, one or more mortgage lates (1×30, sometimes 2×30 depending on the lender) will automatically disqualify the file. If the borrower is delinquent on any federally insured debt, a student loan as an example, they must be current if they intend to get the loan. FHA training for your loan officers will help them spot these issues and others very quickly before wasting time and energy on the file.
To get great FHA training for you and your office, CLICK HERE.
Posted in Uncategorized | No Comments »
