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Advanced FHA Underwriting
Advanced FHA Underwriting

Location: Online Instructor Led

For more information on class dates visit http://elliemae.com/education/courses/advanced-fha-underwriting

During the course, students will utilize and apply their knowledge of manual underwriting, and scenarios which should be addressed by the underwriter during the credit write-up. This course will consist of hands-on manual underwriting, various special underwriting circumstances, and programs, a variety of refinancing scenarios and guidance, as well as digging deeper into the complexity of condominium approval, appraisal reviews on condominiums and 2-4 unit properties. For more information visit elliemae.com.

$600.00

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Appraisal Review: The Framework
Appraisal Review: The Framework

During the course participants will be introduced to commonly used terms and definitions, requirements set by USPAP that effect the responsibility of the appraiser, to underwriting guidelines set by Fannie Mae, Freddie Mac, FHA and VA, which will affect underwriting decisions. In addition, each section and line item of the appraisal forms, used for all loan types and the applicable addendums, will be covered in detail. For more information visit https://elliemae.com/education/courses/appraisal-review-the-framework.

$600.00

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Fundamentals of FHA Underwriting
Fundamentals Of FHA Underwriting

Location: Online Instructor Led

For more information on class dates visit https://elliemae.com/education/courses/fundamentals-of-fha-underwriting.

This course is designed for those new to underwriting FHA loans, but have experience underwriting conventional loans, and can complete an analysis of credit, liability, income and, asset documentation. This course consists of underwriting basics specific to FHA, such as: borrower eligibility, property eligibility, loan limits, mortgage transactions, mortgage insurance premiums, FHA programs and more. The target audience would include processors, underwriters, quality control staff, and anyone who wants to better understand the underwriting process of FHA loans.

By the end of this course students will be able to effectively transition from conventional to FHA underwriting; be able to calculate mortgage insurance premiums (MIP) and maximum mortgage amounts and determine eligibility for the applicant and property.

Classes consist of four 90-minute live sessions with instructors delivered through the WebEx conferencing platform.

For more information visit elliemae.com.

$600.00

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Intermediate FHA Underwriting
Intermediate FHA Underwriting

Location: Online Instructor Led

This course is designed to enhance your fundamental underwriting knowledge and abilities. This course is designed for those who have the fundamental skills of FHA underwriting and who are able to: Explain the most common FHA Programs and requirements, Recognize FHA specific forms and documentation, Calculate loan amounts, qualifying ratios and mortgage insurance premiums, Recognize underwriting forms, Describe FHA technology as it applies to underwriting, Explain borrower benefits when financing with a FHA loan, Identify basic income, assets and related underwriting policies, Identify basic credit history, liabilities and related underwriting policies, Explain situations that impact maximum mortgage, Identify differences between conventional and FHA appraisal requirements. For more information visit elliemae.com.

$600.00

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