FHA LIVE Online Series - Lesson 3
LIVE Online Workshop
Tuesday, September 21, 2010
2 p.m. - 3:30 p.m. ET

Lesson three of our three-part FHA LIVE Online Series. Register for this workshop at $175 per member site/ $225 per nonmember site.

Lesson One: FHA Underwrting - Tuesday, September 7, 2010
Lesson Two: The Top 10 Operations and Quality Control Issues
- Tuesday, September 14, 2010
Part 3: FHA Appraisals - Tuesday, September 21, 2010

The FHA appraisal underwriting requirements are unique. FHA Appraisals will cover FHA minimum property standard requirements for exisiting property and an overview of new construction requirements. The course takes you beyond just the rules and helps you apply FHA guidelines in the analysis of the appraisal report. Utilizing an innovative Live Online Workshop format, this program will also clear up common misconceptions about shortcuts, net branch arrangements, and what’s required to maintain your FHA approval. Completion of this workshop earns you one-half towards your CMB (Certified Mortgage Banker) designation.

Learning Objectives

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

• Identify Basic FHA Appraisal requirements that differ from conventional loans
• Recognize what constitutes acceptable comparable for a FHA appraisal
• Define the minimum property standards that all properties must adhere to
• Recognize property conditions that are acceptable and unacceptable to FHA
• Understand inspection requirements
• Explain new construction documentation requirements
• Apply FHA appraisal requirements in day to day operations

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.