National Association of Mortgage Underwriters (NAMU)®

Need Help? Call us today toll-free at 1-800-865-8550 Press 1

COURSE DESCRIPTION: 

The course is ideal for any mortgage professional wishing to enter the Quality Control area of mortgage banking, as it relates to both FHA and VA Government mortgage loans. This 6-hour instructor-led online training course covers the basics and gives an overall understanding of what a Quality Control plan consists of... and more! 

COURSE OUTLINE: 

• General Rules of FHA/VA Quality Control
• Ineligible Participants
• Limited Denial of Participation
• Mortgagee Monitoring
• Helpful Links
• Overall Guidelines and Procedures of FHA Quality Control
• Pre and Post-closing Requirements
• Information Review
• Document Review
• Appraisal Reviews
• Property Field Reviews
• Office Site Reviews
• VA QC Guidelines
• Examples of Fraud
• Red Flags: Application
• Red Flags: Credit
• Red Flags: Income/Employment
• Red Flags: Assets
• Red Flags: Appraisal Report
• Red Flags: Purchase Contract
• Red Flags: Occupancy
• Red Flags: Underwriting Decisions
• Red Flags: Legal & Closing Docs
• Red Flags Misc.
• Enforcement
• Employee Improprieties
• Neighborhood Credit Watch
• Civil Money Penalties
• Agency Notifications
• Sample File and Document Review
• Loan Servicing Review
• Multiple Practice Quizzes

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

COURSE FORMAT:

• Instructor-Led Online Webinar
• Duration: 24/7 Access for 1-Year
• Course Provider: CampusMortgage® (Our Training Division)
  
• All Course Materials are Downloaded as PDF Files
• Source Links Included -- Get Further Clarity & Updates
  
• Certificate of Completion Downloaded as a PDF File
  
• Job Search Resources (Upon Request)
  

WHO SHOULD ATTEND: 

Aspiring mortgage processors & underwriters wishing to learn FHA quality control, from A to Z. Whether you're unemployed and looking to enter the mortgage processing profession, or you're currently working at a bank or lender as an underwriter or processor, this training program will provide the skills you need to succeed as an effective mortgage professional. Also ideal for loan processing & underwriting managers looking to train their existing staff on FHA quality control.


HOW IT WORKS: 

As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.


ABOUT THE INSTRUCTOR: 

Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more. 


SYSTEM REQUIREMENTS: 

You will need the following: 1) a Computer, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly. 


GRADUATION: 

Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.

REFUND POLICY & TERMS OF USE: 

Before purchasing any CampusMortgage® training class from NAMU®, we recommend you thoroughly read our Refund Policy & Terms of Use — which you will be required to have fully read & accepted prior to beginning the training class.

Need Help? Call us today toll-free at 1-800-865-8550 Press 1