Underwriting FHA Loans ~ E3

Course Description

Underwriting is one of the most important steps in the loan manufacturing process, as it is the decision point on determining whether a borrower is credit worthy or not. FHA loans have distinct differences from their conventional loan counterparts that all underwriters should be aware of. In this course, participants will review the key differences to be aware of when underwriting an FHA loan.

What You’ll Learn:

· Identify the important differences between underwriting standards for conventional and FHA loans

· Describe the difference between manual underwriting and automated underwriting

· Explain the basic steps and requirements to manually underwrite a borrower’s FHA loan

35 Minutes

Series: Mortgage 101

Roles: Mortgage Closer, Mortgage Loan Originator, Mortgage Lock Desk, Mortgage Processor, Mortgage Professionals, Mortgage Servicer, Mortgage Underwriter

Course Format: E3

View Related Series

Job Knowledge Series View Series

Mortgage 101

View 57 Courses

Your staff's proficiency has a direct correlation to their overall efficiency. This series of courses are designed to give mortgage professionals the knowledge needed to perform more effectively within their current role, or to upskill and cross train.

View Series

Board of Directors for Credit Unions

View 10 Courses

The Board of Directors Series was designed to assist key individuals with carrying out the responsibilities of their institution’s regulatory compliance and to understand the role they play in serving and overseeing the activities of a banking organization with ease.

View Series

Deposit Compliance for Banks

View 28 Courses

The Deposit Compliance Series will equip your deposit staff and management with the tools to understand and execute their tasks within the organization. This series includes accredited courses*.