Know it all about VA loan underwriting with AllRegs Academy.
The VA Home Loan Guaranty has been providing our servicemen and women the opportunity to obtain the American Dream of homeownership since World War II. Many veterans look at these programs to find an affordable and reliable means to get their home. These programs can be a challenge to many mortgage professionals. Working with the variety of unique requirements and disclosures can be a daunting task.
AllRegs Academy's Underwriting VA Loans provides clear instruction for those looking to add the VA program to their existing product mix. The course explains guidelines and provide strong advice from industry experts who have worked with the programs personally. The target audience would include processors, underwriters, quality control staff, and anyone who wants to better understand the underwriting process of VA loans.
Participants will be introduced to VA loan programs, VA eligibility and entitlement, applicant and property requirements. By the end of the course, students will be able to distinguish between conventional and VA loan requirements, determine VA loan guaranty based on eligibility and entitlement, calculate VA loan maximum mortgage, and perform a credit analysis of borrower documentation consisting of income, asset, and liability; as well as determining allowable seller contributions and closing costs.
Classes consist of four 90-minute live sessions with instructors delivered through the WebEx conferencing platform.
Choose from the upcoming four-week course sessions:
By the end of this course, participants will be able to:
Michelle Tangen is currently an underwriting manager for a mortgage company in Virginia. Michelle started in the mortgage industry in 1988 as the receptionist and worked her way up to processing mortgage loans and then onto underwriting them.
What do you hope your students learn from this course? In every class I teach, I hope my students leave with a thorough knowledge of the subject I'm teaching in addition to knowing what resources are there for them to find the answers to things they might not know or run into later. For FHA, I want them to be able to go into an FHA file and be able to tell if it meets FHA guidelines. For VA, the same thing, want them to know if the loan meets the VA guidelines which are cumbersome to say the least! If it's a collateral analysis class, I hope that I focus on the main issues on the URAR and show them how to determine if the appraisal is a good one.
Anavid proponent of the goals of the National Association of ProfessionalMortgage Women she served as National President in 2001-2002. Alana’s articles on processing andunderwriting have been featured inMortgage Originator Magazine. Shehas presented speeches, seminars and workshops at the local, state, regionaland national level on processing and underwriting.
Alanais with First Mortgage Company, LLC with corporate offices in Oklahoma City, OKand branches from coast-to-coast in 15 states.
The course is $600 per person. Tuition includes all course materials. Upon successfully completing the course, students will earn an industry-recognized certificate of completion.
By the end of the course students will be able to distinguish between Conventional and VA loan requirements. Determine VA loan guaranty based on eligibility and entitlement; calculate VA loan maximum mortgage and, perform a credit analysis of borrower documentation consisting of income, asset, and liability; as well as determining allowable seller contributions and closing costs.