Online Mortgage Training - Servicing FHA Loans

Instructor-Led Online Course

Related Products/Topics: foreclosure, mortgage education,  FHA Underwriting

Click here to see class schedule.

Over the past two years, FHA loans have become an attractive option among borrowers seeking mortgage financing. In fact, FHA loans account for over 30% of all mortgages originated today. Lenders not only face the challenge of keeping up with ever-changing market conditions, regulatory updates and legislative changes, but many lenders are now faced with the challenge of meeting the servicing requirements associated with FHA loans. FHA’s unique guidelines and requirements can be intimidating even for seasoned mortgage professionals. Changes in the servicing arena have significant impact on how organizations operate on a day-to-day basis. Servicing FHA loans requires a solid understanding of the Federal Housing Administration and their objectives and requirements to implement policies and procedures that satisfy loan conditions.

AllRegs Academy’s Servicing FHA Loans instructor-led online course presents the entire scope of servicing FHA-insured loans, including basic terms and various structures of FHA-insured loans, the administration of FHA loans, general and specific loss mitigation issues and the future of FHA loans. This course has been developed by industry experts using proven instructional methodologies. The format offers instructor interaction via WebEx presentation combined with engaging hands-on activities designed to reach all learning styles.

With this instructor-led online course, you get a low-cost training solution with the benefit of expert instructors and peer interaction…with no travel costs or time out of the office. Class meets via audio conference and WebEx for 90 minutes once a week for 4 consecutive weeks, with online activities, readings and assessments accessed on your own time.

Learning Goals and Objectives:

Upon completion of the course, students will be able to:

• Design an FHA servicing strategy
• Discuss FHA requirements, systems and terms involved in servicing FHA loans
• Ensure all servicing processes and procedures are in compliance with FHA requirements
• Recognize the trends in loan administration and loss mitigation
• Analyze the five (5) approved loss mitigation options

Who Should Attend

• Servicers
• Collection staff
• Loss mitigation staff
• Foreclosure department staff
• QC/QA auditors, staff members and managers
• Risk management auditors and specialists

Course Topics

Session 1

Introduction to FHA Lending

• FHA Basics
• FHA Mortgage Facts
• FHA Programs
• Objectives of Servicing
• Mortgagee’s Responsibility
• Servicer’s Responsibility

Session 2

• Debrief John Doe case study
• Ginnie Mae Specific Requirements
• Homeownership Counseling
• Administration of Mortgage Loans
• Delinquency and Default
  • Types of relief
  • Loss mitigation issues
  • Specific loss mitigation issues
• Loan Modification
• Partial Claim
• Pre-Foreclosure Sale
  • Single Family Default Monitoring System (SFDMS)
• Special Forbearance
• Foreclosure
  • Types
  • REO Processes

Session 3

• Debrief Jane Doe case study
• Special Forbearance
• Partial Claim
• FHA HAMP (Home Affordable Modification Program)
• Pre-Foreclosure Sale

Session 4

• Debrief Carol Carr case study
• Escrow Analysis
• Tier Ranking System
• Servicing Adjustable-Rate Mortgages
• The Future of FHA Loans
  • Where we are now
  • Moratorium
  • Hope for Homeowners
  • Current Trends

Click here to read the Full Agenda »

Course Delivery

The training sessions utilize WebEx technology in conjunction with audio conferencing. Polling capabilities, live chat, and question & answer sessions allow participants to easily interact with subject matter experts. The course consists of four 90-minute sessions over a 4-week period. Pre-reading and exercises are included and accessed through the AllRegs Academy learning management system. Participants are required to complete assignments prior to each session.

Class Schedule

Choose from the upcoming four-week course sessions:

• Thursdays, July 11, 18, 25, August 1, 2013, 2:00 p.m. – 3:30 p.m. ET

Tuition & Registration

The course is $365 per person. Tuition includes all course materials. Upon successfully completing the course, students will earn an industry-recognized certificate of completion.  

Additional Resources

Printed Literature (PDF)

Cancellation/Refund Policy (PDF)

For more information, call our sales and customer service department at (800) 848-4904 or email sales@allregs.com.