Multi-Family Underwriting & Processing - "FHA/VA Loans"

 

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COURSE DESCRIPTION: 

In our fluctuating economy, Multi-Family (2-4 Unit) Properties have become an ideal source for additional turnkey streams of income. In the Multi-Family Underwriting & Processing - "FHA/VA Loans" course you will learn the fundamental and essential roles of both the Processor and Underwriter in rendering a Credit Decision for FHA and VA Loans, secured by Multi-Family (2-4 Unit) Properties. This course will encompass an examination of the relevant documentation and procedures required for both FHA/VA Loans, while determining the Borrower’s Eligibility and the Collateral Evaluation and Acceptability of the Multi-Family Property. Students will learn current and up to date industry standards, strengthening your skills to become a well-rounded, effective and viable Mortgage Professional.


COURSE OUTLINE:

  • Multi-Family (2-4 Unit) Properties defined
  • Processing Multi-Family (2-4 Unit) Properties
  • VA Eligibility
  • VA Maximum Entitlement and Guaranty
  • FHA Loan Requirements
  • Maximum Loan Terms FHA/VA
  • Understanding FHA/VA Automated Underwriting (AUS)
  • Manual Underwriting Review & Determination
  • FHA MIP and VA Funding Fee
  • Calculating Rental Income/Loss
  • Reserves/Asset Requirements
  • FHA/VA Allowable and Unallowable Fee
  • Eligible/Ineligible Property Types and Occupancy
  • Collateral Analysis Review and Requirements
  • Glossary and Reference Guides
  • 10-Question Practice Quiz

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.


COURSE FORMAT:

  • Course Length: 1 Hour
  • Instructor-Led Online Webinar
  • Duration: 24/7 Access for 1-Year
  • All Course Materials are Downloaded as PDF Files
  • Certificate of Completion Downloaded as a PDF File


HOW IT WORKS: 

As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.

ABOUT THE INSTRUCTOR: 

Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more. 

SYSTEM REQUIREMENTS: 

You will need the following: 1) a Computer, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly. Note: dial-up internet connection will not work and wireless internet must have a full signal. 

GRADUATION: 

Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.

REFUND POLICY & TERMS OF USEBefore purchasing any NAMU®/NAMP® certification program or CampusMortgage® training class, we recommend you thoroughly read our Refund Policy & Terms of Use.


Need Help? Call us today toll-free at 1-800-865-8550 Press 1

Multi-Family Underwriting & Processing - "FHA/VA Loans"
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Price $495.00
Sale Price $395.00