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Are Your Loans In Compliance? - Checklist

Protect yourself and your company. Use this detailed 14-page checklist to determine whether your loans are in compliance with the various federal laws and regulations that affect mortgage loans.

  • Know what procedures needs to be in place for your company to be in compliance.
  • Use the checklist and follow the loan from the application through closing.
  • Reference Guide included with website links to find detailed information.
Must-have tool for individual loan officers, underwriters, quality control, and especially managers and company owners.

This product will be emailed to you immediately after your purchase.

Price (per item): $127.00

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Designing Easy & Effective Training Systems for Your Office

Featuring: Leslie Petersen

This CD Replay (audio and PowerPoint presentation on a CD) will be shipped to you.

What we really do in the mortgage business is "educate". We educate our customers, our underwriters, our Realtors® and referral partners.

So why don't we educate our employees on a regular basis?

Training your staff is one of the most important things you need to do to build a great team or a fantastic company. However, there never seems to be enough time in the day, does there?

One of the problems we have heard over and over again is "Just where do I start?" or "We had a training meeting scheduled but things got so hectic that day, that we cancelled the meeting."

It doesn't have to be that way. If you are truly committed to provide training on a regular basis for your staff, Leslie Petersen is just the person to help you.

When you view this CD Replay on your computer (audio and Powerpoint presentation), you will learn:

  • How to determine if your staff EVEN needs training.
  • Using outside resources to provide free training.
  • How to develop an easy training manual.
  • How to keep the training going on a regular basis.
  • Developing a "resource" library.
  • Working with your employees as "presenters".
  • Suggested topics that can be taught by your affiliates.

Leslie shares with you, step-by-step, how to create your very own customized training calendar. Your end result is happier employees and customers!

Price (per item): $75.00

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How to Read Tax Returns and Close More Loans - 2010 Version

[CD Replay (audio and PowerPoint presentation on a CD that is shipped to you).
Price includes shipping & handling.]

2010 Tax Return Version

Let's face it - it's a Full Doc World. Tax returns are now a mandatory part of your loan file. The 4506T is generating more (not less) questions from underwriters. You can no longer afford to let loans slip thru your fingers - or get rejected - because you're not able to sufficiently explain your clients' tax returns.

This seminar CD, How to Read Tax Returns and Close More Loans - 2010 Edition, gives you a detailed explanation on exactly how to interpret the income correctly, counting every dollar to make sure your clients qualify regardless if they are self-employed or not. This seminar is about knowing what to ask for "ahead of time" so you're not constantly asking the borrower for more information. Hey, even underwriters have trouble - so you really need to know your stuff.

Learn how to read income tax returns and how to work with underwriters to get more of your loans approved and closed. Here's what you will learn:

  • What triggers require you to ask for full copies of tax returns.
  • How to find more income within your clients' tax returns.
  • Which tax returns you should read" first and which ones you don't need to waste your time on.
  • How to explain your income analysis to an underwriter.
  • Line item explanations of 1040s, 1040A, Corporate Tax Returns, Sub-Chapter S Corporations, Partnership Returns and All Schedules, depreciation and much more.

Bonus: Download and print all tax returns so you can easily follow David as he explains each form and each timeline, what you can add to income and what you have to subtract.

Testimonials about this seminar:

"David, thank you for creating such a great DVD. I have been working my way through it and you have done a great job organizing it and presenting it. Congratulations on that!" - Daniel Williams, San Diego Lending Solutions

"It is the only course I have seen that will prepare you to talk to underwriters on their level. Since I took the course, I find I can do a self-employment income analysis in minutes. I can also find extra income I didn't know I could use before." - Jack Morgan, CMPS

"This is an update to my previous testimonial...By the way, I really have enjoyed your program on how to figure self employed income. I have trained two LOs and a Processor with it. I have also been able to go to bat with 3 underwriters and make my case. Thanks for making it available." - Jack Morgan, CMPS

"I just went through your how to read tax returns and it is amazing. Thank You!" - Joel Silberstein

Price (per item): $89.00

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FHA/HUD Quality Control Plan - Updated Feb. 2010

Updated May 2010

Do you need a Quality Control Plan for your HUD Mini-Eagle? Or you have not updated it in the last couple of years? There is a huge list of exact components required by HUD - so don't let your quality control plan stop you from getting approved or maintaining your ability to originate FHA loans.

The entire plan is individualized with your company name and contact information; and includes the audit process, the reporting process, all reports, and follow up required. Just print and implement.

  • For Mini-Eagle Approval; or
  • Approved FHA Brokers who need to update their QC plan*
  • Compliant with HUD Requirements (Chapter 7 of Handbook HUD 4060.1, REV-2)
  • Allows for audits performed internally or contracted to third party services
  • Individualized with your company name throughout
  • Includes:
    • Comprehensive QC Plan
    • Quality Control Monthly Audit Report
    • Bi-annual Management Review
    • Individual Loan Audit
    • Pre-Underwriting Audit
    • Closing Audit
    • QC Log

You will be contacted to confirm your information. Please allow a few extra days for your plan to be modified with your company information. Q C Plan is delivered to you electronically.

Leslie Petersen is not employed by FHA or HUD. She is an FHA expert who provides quality control plans created to be compliant with HUD requirements, however, there are no warranties regarding the legal consequences resulting from the use of this QC plan or any of the forms included.

Price (per item): $289.00

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TheNicheReport.com

Subscribe to The Niche Report Mortgage monthly magazine. Special Deal $19.99 thru all 2011. (reg $47.95). Use discount code tnr1999 when ordering your subscription.

PS – The first 5,000 subscribers will also receive a Facebook Business page designed by Blitzlocal, plus other incentives. See our subscription page for details.

You must click on the "subscription page" link above, to take advantage of this offer. It will not go through our shopping cart as you aren't being charged by MortgageCurrentcy.com for anything.

Price (per item): $0.00

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FHA Loan Origination Manual: A Complete Guide by David Hail

(Current as of November 10, 2011)

Tired of training manual fluff with no substance? This up-to-date 533 page “detailed” FHA Loan Origination Manual is the solution for those discriminating mortgage professionals who want true FHA knowledge beyond just the basics. This manual’s user friendly format bridges the gap between those needing basic training and those needing advance knowledge as well. It includes:

  • FHA rule interpretations
  • Detailed analysis
  • Cautionary notes…to keep you safe
  • Charts
  • Checklists
  • Worksheets include:
    • Refinance Transactions,
    • Good Neighbor Next Door,
    • Energy Efficient Mortgages (EEM),
    • Build on own land (BOOL),
    • HUD REOs with Repair Escrow,
    • 3 and 4 Unit Property Self-Sufficiency Worksheet,
    • and more
  • Detailed New Construction requirements with easy to use checklists
  • Cross Index; allows you to easily find what you are looking for

Originators, processors and underwriters will find the information, charts, worksheets and checklists provided priceless. This manual provides you with the detailed “heads up” knowledge you need in today's competitive mortgage environment.

View Index Here.

View Cross-Index Here.

The FHA Complete Manual is for everyone — for those who just want to basics to those who are experienced in FHA lending. (You will receive email updates if there are rule changes, within 60 days of purchasing the manual.)

What customers are saying...

"This is the greatest FHA manual I have ever used!!!"
Rick Finkenstaedt, Operations Manager, New America Financial Corp.

"I am excited to be able to get the FHA manual from David Hail. I had the privilege of meeting him at a managers meeting in Houston a little over a year ago. He was teaching on Rural Development. He is very knowledgeable, helpful and just an all around great guy. Very glad to see him on board."
Mary Malone, Public Service Mortgage, Louisiana

"David’s FHA Loan Origination Manual is my tool of choice to answer tough qualifications questions & rebuttal underwriting conditions on the spot. This Manual is the secret weapon of FHA experts because it was created for originators by an originator!"
Robert Davis III, MBA, Branch Manager #2679 - Allied Home Mortgage Capital Corporation (AHMCC)

"My company calls the current version we have “the bible”. I’ll be getting the new one, thanks!"
Jason Zimmer - President, Owner/Broker - Parlay Mortgage & Property, Inc.

"I would recommend these books to all mortgage professionals who need a better understanding of the program requirements."
Mary M Copley, Senior Corporate Underwriter - Allied Home Mortgage Capital Corp.

Price (per item): $159.00

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FHA Refinance Regulations and Worksheets Manual

Updated February 1, 2012

The 77-page FHA Refinance Manual will provide you up-to-date detailed information and worksheets that will help you learn and understand FHA Refinance transactions, including little-known rules that most LOs don't know about.

The manual covers No-Cash Out, Cash-out, Streamline (with and without appraisals) credit qualifying streamlines and more. The Worksheets and Heads-up cautionary flags alone make this an invaluable resource.

NOTE: The FHA Refinance section is INCLUDED in the full version, FHA Origination Manual, which has also been updated - $179.

View FHA Refi Manual Index Here.

Price (per item): $79.00

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