SAFE Act Course on November 16th

We are currently an approved provider of SAFE Act Courses. We are currently offering an early bird discount of $279 for early registration in anticipation of approval for our 20 hour SAFE Act course. 

 This course is scheduled for November 16 and will be $395 after October 31st

FHA Jumpstart: Here's a FHA Mortgage Training Course that fits in everyone's budget! Jump into FHA with the information you need to get your loan approved.  This course was designed for you to hit the ground running. This course goes over the information you need to get your FHA loan approved!  Classes are small and fill up quickly.  Reserve your spot now.

Self-Employed Borrower: How many times have you received your conditions back from the underwriter asking for schedules you've never even heard off!!!  This course teaches you how to calculate income from your borrower tax returns, identify when your missing a schedule and complete a worksheet so the underwriter knows how you arrived at your income.

Alpha Mortgage Training offers instructor led on-line courses on a monthly basis. Live training available in some states.  If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a underwriter with conventional and government experience. Our courses will help you increase your closing ratio

FHA Mortgage Training...by Wholesale FHA Mortgage Underwriter

September 22-23

Here's a FHA Mortgage Training Course that fits in everyone's budget!

This course is taught by a Wholesale FHA Underwriter!

                                               CLICK HERE TO REGISTER NOW

Spring into FHA with the information you need to get your loan approved.  This course was designed for you to hit the ground running. This course goes over the information you need to get your FHA loan approved!  These sessions fill up quickly.  Reserve your spot now.

~ Learn why your FHA loans are sitting or denied 

~ Put a submission action plan together for future loans 

~ Learn the calculations you need to pre-qualify your borrower

 Who should take this course?

~ Loan Processors 

~ Loan Originators 

~ Real Estate Agents 

~ Jr. Underwriters 

~ DE Underwriter in need of quick refresher

 The FHA Jump Start Program covers: 

~ Most commonly used FHA Programs

~ Borrower eligibility

~ Disclosures

~ Calculations

~ Credit, Income, Asset Requirements

~ Packaging Tips

September 22nd-23rd/ Wed  7:30pm-9:30pm EST

Trainer:  M. Morrison

Online LiveTraining FHA Mortgage Training

E-Book will be availalbe to participant after registration

We also offer 2 other training options:
1. Live Training

2. Online Training (can be taken at your leisure)

Alpha Mortgage Training has a training program to fit your schedule!

*All Training dates & fess are subject to change without notice Regular Price for course is $395.00

Tips from the course: Underwriting Sense....into the mind of an Underwriter

WHAT'S wrong with MY Internet printout!!!!

The Internet is slowly but surely eliminating the need for paper.  While this is a good thing for the environment it is a....difficult transition for organizations that have to verify documents!   Internet printout are okay if they:  

• Identify the borrower as the employee or owner of the account
• Identify the credit reporting agency, employer or financial institution
• Show the headers, footers and the banner portion of the printout from the web page (and included all pages printed
• Include the URL (Uniform Resource Locator) address and the date and time printed

Check with your lender for any additional requirements...

D. Bass

Mortgage Underwriter & Trainer 

FHA Jumpstart: Here's a FHA Mortgage Training Course that fits in everyone's budget! Jump into FHA with the information you need to get your loan approved.  This course was designed for you to hit the ground running. This course goes over the information you need to get your FHA loan approved!  Classes are small and fill up quickly.  Reserve your spot now.

Self-Employed Borrower: How many times have you received your conditions back from the underwriter asking for schedules you've never even heard off!!!  This course teaches you how to calculate income from your borrower tax returns, identify when your missing a schedule and complete a worksheet so the underwriter knows how you arrived at your income.

Alpha Mortgage Training offers instructor led on-line courses on a monthly basis. Live training available in some states.  If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a underwriter with conventional and government experience. Our courses will help you increase your closing ratio

Alpha Mortgage Training is a NMLS-approved mortgage education provider!

Atlanta, Ga , August 6, 2009: Alpha Mortgage Training (Provider ID:1400100) is officially approved as a mortgage education provider through the Nationwide Mortgage Licensing System (NMLS). We will keep you updated with upcoming course approval announcements!

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires that state-licensed mortgage loan originators (MLOs) complete pre-licensure and annual continuing education.  Click here for more information regarding the requirements for CE & PE.

Alpha Mortgage Training offers instructor led on-line courses on a monthly basis. Live training available in some states.  If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a underwriter with conventional and government experience. Our courses will help you increase your closing ratio.

Upcoming Training Events:

FHA Jumpstart: Here's a FHA Mortgage Training Course that fits in everyone's budget! Jump into FHA with the information you need to get your loan approved.  This course was designed for you to hit the ground running. This course goes over the information you need to get your FHA loan approved!  These sessions fill up quickly.  Reserve your spot now.

Self-Employed Borrower: How many times have you received your conditions back from the underwriter asking for schedules you've never even heard off!!!  This course teaches you how to calculate income from your borrower tax returns, identify when your missing a schedule and complete a worksheet so the underwriter knows how you arrived at your income.

Mortgage Training: Tips from the course: Underwriting Sense....into the mind of an Underwriter

WHY do you NEED the tax bill and hazard insurance dec page? Here's a question we get often!

I have had to go to bat with Brokers, Processors and Account Executives regarding this condition!  We don't ask for these documents to give you a hard time or to make you go back to your borrower!  There is actually a legitimate reason we ask for it.  When a schedule of Real Estate Owned is submitted with "free & clear" properties listed we have to have accurate verified taxes and insurance to calculate the accurate debt ratio.  Just as the credit report or mortgage statement verifies the mortgage we need to verify the taxes and hazard insurance.  I can't begin to tell you how many properties are listed as having $150 for taxes and insurance and when the tax bill and dec page comes back it like $400-$500 a month!  Save time provide tax bills and dec pages for free and clear properties.

Alpha Mortgage Training offers instructor led on-line courses on a monthly basis. Live training available in some states.  If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a underwriter with conventional and government experience. Our courses will help you increase your closing ratio.

Upcoming Training Events:

FHA Jumpstart: Here's a FHA Mortgage Training Course that fits in everyone's budget! Jump into FHA with the information you need to get your loan approved.  This course was designed for you to hit the ground running. This course goes over the information you need to get your FHA loan approved!  These sessions fill up quickly.  Reserve your spot now.

Self-Employed Borrower: How many times have you received your conditions back from the underwriter asking for schedules you've never even heard off!!!  This course teaches you how to calculate income from your borrower tax returns, identify when your missing a schedule and complete a worksheet so the underwriter knows how you arrived at your income.

Mortgage Training: Tips from the course: Underwriting Sense....into the mind of an Underwriter

One 1003 Please!!! 

I'm going to be completely honest with you: 

Ask The Underwriter: D. Bass has actually denied a loan due to multiple 1003s.  Before you click unsubscribe...hear me out!  The loan had four (4) 1003s in it and every on every single 1003 the borrowers worked at different jobs and made a different amount of income!   

And.....No.... this was not during the stated income era...it was actually quite recent.   

One thing you have to understand is all the underwriter has to go by is in the file.  If the borrower signs a 1003 with 4 (four) different employment and income sections: What would you think??? 

Before your processor (or YOU!) submit your loan, make sure there is just one 1003 (i.e. handwritten and typed...etc.) in the file.  Make sure they match!

So there you have it.  Ask The Underwriter does not claim to be perfect or claim to approve every loan!  .......and by the way...I really would love to hear what you think......

Alpha Mortgage Training offers instructor led on-line courses on a monthly basis. Live training available in some states.  If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a underwriter with conventional and government experience. Our courses will help you increase your closing ratio.

Mortgage Training from Alpha Mortgage Training

Here are the upcoming Live On-line Training Events for August:

FHA JUMP START August 18th-19th (Taught by a FHA Underwriter)

When just one mistake in your FHA loan file could cost you weeks in underwriting and thousands of lost dollars a month, you can't afford to miss this course

SELF EMPLOYED BORROWER  August 20th

Stated Income is GONE and TAX RETURNS are BACK!
 
How many times have you received your conditions back from the underwriter asking for schedules you've never even heard off!!!  This course teaches you how to calculate income from your borrower tax returns.

We offer instructor led on-line courses on a monthly basis. Live training available in some states.  If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written a underwriter conventional and government experience. Our courses will not only help you produce more effective loans, but they will also help you increase your closing ratio.

HABIT TWO: Be Courteous                          

Have you ever done business with someone that was rude?  Have you ever asked a sales associate at a store a question and you felt like you were bothering them? Do you have a co-worker that's rude to their fellow co-workers and clients?

People work with people they like.  The nicer you are to your borrowers the fewer phone calls you will get. They will feel confident that you have their best interest in mind.  

Live FHA Training available in various states.  We also offer instructor led on-line courses. If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a team of mortgage underwriters with a combined 58 years of conventional and government experience. Our courses will not only help you produce more

7 Habits of a Productive Mortgage Professional

HABIT ONE: Knowledgeable                        

As a Mortgage Professional we must be knowledgeable about the mortgage process, answer the borrower's questions (honestly and without them asking: EXPLAIN THE NEXT STEPS.

I'm not just writing this because I sell mortgage courses!  I am a wholesale Mortgage Underwriter and I talk to brokers all the time who are probably great sales people, but they do not understand what they are doing.

Live FHA Training available in various states.  We also offer instructor led on-line courses. If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a team of mortgage underwriters with a combined 58 years of conventional and government experience. Our courses will not only help you produce more effective loans, but they will also help you increase your closing ratio.

Continuing Education in Maine

The following courses have been approved for Continuing Education by the Bureau of Consumer Credit Protection (Maine):

• FHA Jump Start     (7 hours)
• Sub-Prime Make Over(8 hours)
• Mortgage Fraud 101   (1 hour)

We will be posting 2009 First Quarter Schedule on the website (www.alphamortgagetraining.net) and on Activerain within the next month.

Several more state are pending, we will keep you guys up to date! We're looking forward to a great 2009!

Live FHA Training available in various states.  We also offer instructor led on-line courses. If you are looking to learn technique and theory than contact Alpha Mortgage Training.  Our Courses were written by a team of mortgage underwriters with a combined 58 years of conventional and government experience. Our courses will not only help you produce more effective loans, but they will also help you increase your closing ratio.