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FHA training focuses on how to meet FHA guidelines. The case study used is a purchase transaction - Ellen Matsuzaki is a first-time homebuyer.
You'll learn FHA guidelines and then review her information to see if she qualifies. Loan Officer training emphasizes the guidelines; documents; forms the loan officer should review and prepare; how to calculate ratios, LTV, prepaid interest, closing costs, down payment, etc.; locking loans; funding loans; calculating the time required to get a loan approved and funded - critical for FHA loans.
Special attention is given to calculating the loan amount as well as the advantages FHA loans offer. Information on the Nehemiah program is also included. You will find over 300 pages of information you can print. Print pages 2 through 69 for a copy of the borrower documents. The remaining 250+ pages contain: Questions to Ask, Stories, More Info, Test Supplement, Help Information. Customize your own workbook.
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