LoanAce FREE LOS (Loan Origination Software)! - 06/10/08 10:40 PM
LoanAce is free mortgage loan origination software that can automate your loan origination process and encompass all your LOS needs in one mortgage loan system.  LoanAce® debuted on August 1, 2006 as the Mortgage Industry's first Loan Origination Software available at no charge, and has quickly catapulted to the third largest LOS within the first year.  LoanAce®, went beyond providing a fully functioning LOS and introduced industry-leading features such as EZorderTM, TEAM and a user-friendly format.  Everyone asks how can a professional LOS be available for FREE?  LoanAce generates revenue through EZorderTM by connecting users with the third-party services they already … (15 comments)

Are lenders turning down your FHA Alternative Credit Files? - 06/04/08 08:38 AM
I'm not going to say who the lenders are, but I've received several emails from brokers asking about FHA Alternative credit.  FHA does accept Alternative Credit.....what I'm hearing is that the LENDERS ARE NOT ACCEPTING ALTERNATIVE CREDIT!!
Okay, now........That's not cool!  FHA goal is "a home for everyone" (okay maybe not for everyone! but you know what I mean l.o.l.)  I understand the lenders are a little paranoid, but come on! 
I am including the link to Mortgagee Letter 2008-11:  Nontraditional Credit Verification and Evaluation 
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/08-11ml.doc
I've sent out a few emails to a couple of lenders I know, I'll follow up … (3 comments)

Ask The Underwriter: Can the underwriter deny my loan if I rent out a room? - 06/03/08 02:33 PM
Question from Borrower:
..........we will be living in our house No. 2. The house is close to university and accessible to public transportation. It has 4BR. We will have the 2Br to ourselves and the other 2 rooms to be rented out to students.
The loan consultant called me yesterday that the house would be treated as an investment property by the UW because I should not state that the purpose of our home loan is have 2 rooms to be rented out even though we will be occupying the property and that I would be committing fraud if I don't … (4 comments)

FHA Mortgage Training: Jump Start 3 Hour Workshop $99 - 06/02/08 02:19 PM
FHA Mortgage Training that fits in everyone's budget!
Spring into FHA with the information you need to get your loan approved.  This course was designed for you to hit the ground running.  A 3 hour course that goes over the information you need to get your FHA loan approved!  June 10th's course filled up quick!  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~ … (1 comments)

 
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D. Bass ~ Blog: Ask The Underwriter

Atlanta, GA

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Alpha Mortgage Training

Address: 4302 Crossing Drive, Atlanta, Ga, 30305

Office Phone: (678) 324-8783

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