mortgage training: Mortgage Training: Tips from Underwriting Sense..into the mind of an Underwriter - 08/17/09 09:55 AM
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 … (2 comments)
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mortgage training: Alpha Mortgage Training is a NMLS-approved mortgage education provider! - 08/05/09 09:33 PM
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 … (0 comments)
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mortgage training: Mortgage Training: Tips from Underwriting Sense..into the mind of an Underwriter - 08/04/09 08:17 AM
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 … (0 comments)
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mortgage training: Mortgage Training: Tips from Underwriting Sense..into the mind of an Underwriter - 07/28/09 10:14 AM
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 … (0 comments)
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mortgage training: Upcoming Mortgage Training: FHA & Self-Employed Borrower - 07/12/09 10:31 PM
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 … (1 comments)
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mortgage training: 7 Habits of a Productive Mtg Professional - 05/17/09 02:56 PM
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 … (4 comments)
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mortgage training: 7 Habits of a Productive Mortgage Professional - 01/26/09 06:58 PM
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 … (3 comments)
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mortgage training: Freddie Mac Going back to 45% DTI - 10/19/08 07:50 PM
Upcoming Changes to Freddie's Credit Requirements
These credit changes will be published in the November Guide Bulletin and will be will be effective for Freddie Mac settlements on and after February 2, 2009:
Eliminate purchases of all mortgages originated with stated income and/or stated assets, including borrower selected programs, lender-branded and marketed … (9 comments)
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mortgage training: 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 … (1 comments)
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mortgage training: FHA Training: Houston,Tx - 04/27/08 09:32 AM
FHA Mortgage Training: Houston,TX May 14-15th 9am-4pm
We still have slots available! Join Alpha Mortgage Training in Houston,TX for a Live FHA Mortgage Training Course. This course was written by a Mortgage Underwriter to train Mortgage Professionals to work with FHA loans. This course is taught by seasoned D.E. Underwriters. The object of this course … (2 comments)
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mortgage training: Mortgage Training: Underwriting Sense...into the mind of an underwriter! - 03/31/08 11:12 AM
Appalachian Technical College and Alpha Mortgage Training have partnered to offer Mortgage Training Courses. This course is taught by seasoned mortgage underwriters.
The Mortgage industry has shifted.....you need to shift with it! This is the course for you. Underwriting Sense will give you the information you need to get your loans to the CLOSING table.
HOW?..by telling you … (4 comments)
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mortgage training: FHA Mortgage Training in Georgia (Live) - 03/31/08 10:53 AM
Live FHA Mortgage Training in Woodstock,Ga & Jasper,Ga at Appalachian Technical College.
Appalachian Technical College and Alpha Mortgage Training have partnered to offer Live FHA Mortgage Training Courses. This course was written by a Mortgage Underwriter to train Mortgage Professionals to work with FHA loans. This course is taught by seasoned FHA professionals. The … (2 comments)
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mortgage training: Mortgage Training: Ask The Underwriter=Sales Contract - 03/28/08 12:07 PM
Mortgage Training Subject: Sales Contracts (Purchase Agreements)
It's Friday! It's the end of the month! ....and I think I'm going to start a little trouble again! Let's talk about Sales Contracts. Sales Contracts are not considered Fully Executed unless they are signed by all parties, have all the addendums attached and of course … (9 comments)
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mortgage training: Mortgage Training: Ask The Underwriter= More Questions! - 03/27/08 10:05 AM
I've spoken to several loan processors and mortgage brokers regarding the Uniform Residential Loan Application (URLA or 1003). One of the hardest things to convince them is how important it is for them to complete the borrower's birthday and the Declarations section. The issue is most Automated Underwriting Systems (AUS) require the birth-date … (7 comments)
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mortgage training: Mortgage Training: Ask The Underwriter= Questions - 03/26/08 12:17 PM
The Free Mortgage Training Course on my website this month is: Areas Commonly Missed on the 1003. I originally wrote this mini course out of frustration. Mortgage Professionals (Processors and Loan Officers) don't realise that an incomplete application can stall you loan for up to two days!
Once we recieve the loan … (13 comments)
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mortgage training: Mortgage Training: Ask The Underwriter - 03/24/08 01:44 PM
Mortgage Training; Income Calculations
Loan Originators,
I have a few questions for you:
How do you calculate Income? How do you do you document it? What do you ask the borrower when you take your application?
Loan Processors,
When you receive the file from the Loan Originator do you immediately verify the income? Do you … (9 comments)
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mortgage training: Good news for those in need of FHA Training - 03/20/08 02:57 PM
Appalachian Technical College and Alpha Mortgage Training have partnered to offer Live FHA Mortgage Training Courses. This course was written by a Mortgage Underwriter to train Mortgage Professionals to work with FHA loans. This course is taught by seasoned FHA Underwriters. The focus of the training is "learning the FHA mortgage process". These … (4 comments)
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mortgage training: Ask The Underwriter: Question regarding DO - 03/18/08 10:25 AM
I have a DO accept with a back ratio over 43. The underwriter will not approve it without compensating factors. Is this standard industry practice?
First: Thanks for the Question!
This is not "really" standard industry practice. For government loans yes, but not for conventional. Also, for government loans the underwriter usually writes the … (6 comments)
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mortgage training: Ask The Underwriter: Incomplete File Series= Asset Documents - 03/17/08 07:19 AM
Assets come in many forms and fashions (literally). You have the checking/savings, Certificate of Deposits, Retirement Accounts, Stocks, Bonds, etc... It's important to know what you're looking at so that you can submit the correct documentation. The goal is to receive the least amount of conditions as possible!
Here a few items to … (8 comments)
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mortgage training: Ask The Underwriter: Incomplete File Series= Income Documents - 03/13/08 03:32 AM
First let me say this:
Complete Tax Returns Include ALL SCHEDULES!
This is a heated debate between underwriters and mortgage brokers. The 1040 is the summary of all the schedules. We cannot analyze the tax returns if we don't have the information the 1040 is referring to.
Here are a few items to … (8 comments)
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