FHA LIVE Online Series
LIVE Online Workshop
Tuesday, September 7, 2010
2 p.m. - 3:30 p.m. ET

Lesson One of our three-part FHA LIVE Online Series. Attend one lesson separately or all three for maximum benefits.

Lesson One: FHA Underwriting- September 7, 2010
Lesson 2: The Top 10 Operations and Quality Control Issues - September 14, 2010
Lesson 3: FHA Appraisals- September 21, 2010

FHA Underwriting provides an indepth explanation of FHA Risk Analysis, automated and manual underwritings. This webinar provides insight into the best practicies lenders need to be aware of in order to close quality FHA loans. Utilizing a LIVE Online Workshop format, you will learn the basics of FHA underwriting in a comfortable and convenient method... your own desk. Quick, Relevant, and Applicable, learn how these programs can help you create and sustain your customer base. Completion of each workshop will earn you one-half point towards your CMB designation.

Learning Objectives

At the end of this program, you will be able to:

• Understand underwriting criteria unique to FHA loans
• Describe important differences between automated and manual underwriting
• Recognize acceptable risk for:
• Credit
• Income stability
• Qualifying ratios
• Source of funds and reserves
• Understand what constitutes a high risk FHA loan
• Discuss FHA's proposed underwriting guideline changes
• Apply FHA underwriting requirements in day to day operations

Learn important underwriting requirements of the program that has become a product every lender must offer and have the opportunity to ask the experts about what it takes to make FHA a profitable product for you.

Learn about your Instructor

Alice Alvey, Master CMB is President and Founder of Mortgage U, a full service training company partnered with Wetzel & Associates. Mortgage U is dedicated to provide training from application through shipping and insuring, FHA, VA, Fair Lending, Regulatory Compliance and procedure analysis. She has trained extensively throughout the country and has been a frequent speaker for Fannie Mae, Freddie Mac, Mortgage Bankers Association, and Federal Home Loan Bank. Since 1982, she has been responsible for underwriting, closing, post closing, insuring, special programs, regulatory compliance, quality control, loan delivery and loan administration. She also served as the corporate compliance officer, working with HUD, FDIC, FRB, Fannie Mae and Freddie Mac on all audits. Alice’s extensive background from origination through loan delivery provides a well-defined framework to create innovative, “street-wise” and informative training sessions. She is an effective, professional and dynamic educator, consistently redesigning and upgrading her training materials to keep up with an ever changing industry.