FHA/VA Quality Control - "Everything From A to Z”
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
