Mortgage Currentcy.com
Mortgage
Currentcy
Interpreting the rules & Mortgage News
Interpreting Fannie Mae - Freddie Mac
FHA - VA - Compliance - Rules & Guidelines for:
Loan Officers Underwriters
Processors Company Owners & Managers




Mortgage Currentcy Home
Subscriber Login:          

 
 
 
  • Search
 
 
 
 

RD Guaranteed Housing - Comprehensive Loan Origination Manual

Doing the best 100% loan in the country just got MUCH easier. A new training manual for the USDA Rural Development Rural Housing loan program has been created for Loan Officers, Processors and Underwriters who originate (or want to start) RD Guaranteed loans. The 345-page manual contains information (interpreted in plain language), detailed analysis, checklists and all the forms you will ever need.

  • Buyer Eligibility Requirements
  • What types of properties qualify,
  • Property inspection requirements,
  • Credit and credit analysis,
  • Processing & Underwriting,
  • New Construction & Manufactured Homes
  • ...And critical need-to-know information - that you can't find anywhere else!

View Index Here

View Cross Reference Here

$189 - Includes Shipping

Included is a comparison of FHA vs. RD property inspections - what's different and what's the same.

It's the only comprehensive manual on RD Guaranteed Loans you will ever need!

This product is available as a combo pack. Save $100 when you purchase both the RD Guaranteed Housing - Comprehensive Loan Origination Manual and FHA Loan Origination Manual: A Complete Guide by David Hail. Combo Pack is $386.

Testimonials:

Fantastic!! Well written and easy to understand. Excellent flow.
Bob Coordsen, Guaranteed Housing Specialist, Rural Development, USDA, Florida

I absolutely LOVE this new manual. I have referred to something in it every single day since I have had it and was easily able to find what I needed. The flow of the book is great and all the websites and phone numbers provided have been extremely helpful. I just love the fact that when I have a property with something "out of norm" such as private road or an income producing property, I can go right to the answer. Just yesterday, I used the ratio waiver request form and took the comp. factors right out of the book.
Bennett, a Sr. Underwriter for Allied Home Mortgage Capital Corp

I LOVE the new book! You get a big thumbs up from me! Love the loose-leaf binder, the cross-reference index, and it covers EVERYTHING!
Joni Howell, Phoenix Housing Group, Inc.

I personally attended David’s class and was very impressed with the content and detail as well as his knowledge, experience, teaching style and humor. The survey taken of the participants at the end of the class rated this course as “excellent”.
Josh Louik, Washington Association of Mortgage Professionals

I just referenced your new book, RD Guaranteed Housing Loan Origination Advanced, to provide information to a loan officer regarding assets. In this ever-changing environment of rules and regulations, it is most helpful to have one source to go to for information. Your book is logically laid out, easy to read and encompasses all that is needed to originate a RD Guarantee Loan. I recommend it to all loan originators. I’ve heard that they consider your books to be "the bible" for lending information and now I see why. As an underwriter, your book saves me time when researching a particular aspect of RD programs. I look forward to more publications from you.
Nancy Karnowski, Underwriter, Allied Home Mortgage Corporation

David has been teaching with our organization for over a year (the FHA and Rural Development courses). His knowledge and the way he teaches far surpass our expectations. Our members now call in and request to be in the classes he teaches.
Sarah Bryar-Wojcik, Illinois Association of Mortgage Professionals Education Foundation.

I was so impressed with David’s classes, that in my capacity as general manager of a large mortgage company, I sent six of my top originators to his classes. I have witnessed their production increase because of the knowledge gained in those classes.
Tom Estes, The North Carolina Association of Mortgage Professionals.

I purchased David's manual and it is GREAT! Well put together, thorough and in a ring binder so you can easily add pages. I can honestly say that if you do RD this is a MUST!
Margot Hornblower - Branch 2344, Branch Manager, Allied Home Mortgage Capital Corp.

David Hail is, without question, the leading expert of USDA rural Development loans. The mortgage community (and the public) will benefit from his teaching efforts.
Matt Mathosian, Chase

We purchased it and let me tell you it is WELL worth the money!! We are experts now.
Lori Lewis, Allied Home Mortgage Corporation

Price (per item): $189.00

Quantity:

 

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

Quantity:

 

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 yoru 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

Quantity:

 

How to Read Tax Returns and Close More Loans - 2009 Version

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

2009 Tax Return Version

Let's face it - it's a Full Doc World. You can no longer afford to let loans slip thru your fingers - or get rejected - just because your eyes glaze over when you read a 30-page tax return.

This seminar is about interpreting the income correctly and 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:

  • Reasons why you will need to submit tax returns to underwriting.
  • 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.

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:

"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): $99.00

Quantity:

 

FHA/HUD Quality Control Plan - Updated Feb. 2010

Updated February 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

Quantity:

 

Mortgage Credit Certificates: Doubling Your Borrower's Tax Benefits!

With all the creative financing options over the past few years, there is one option called the Mortgage Credit Certificate that has been around since 1984. It's probably the most forgotten tax credit program that many loan officers and real estate agents neglect to mention to their first time buyers.

With over two-thirds of States and hundreds of counties and city Housing Finance Authorities providing the tax credits for first time homebuyers (or by geographic location), it's not only used to offset income tax liability, but can be used in conjunction with the $8,000 Tax Credit - amounting to a DOUBLE TAX benefit!

Best of all, Fannie, Freddie and FHA have more flexible underwriting rules and can use the extra "income" to qualify for higher loan amounts.

Before you purchase this seminar, check with your state or local government to make sure you can offer it in your area. If it IS offered, then you need to get out there and let the world know how it works and how FTHBs can benefit.

Here's what you'll learn:

  • How the Mortgage Credit Certificate works with examples
  • How the agencies use the tax benefit to qualify more clients
  • Why clients need to understand and adjust W-4 Form
  • Where to find leads
  • How to market the MCC program

Downloads Included: IRS Forms & Supporting IRS Publication

Price (per item): $75.00

Quantity:

 

TheNicheReport.com

The Niche Report delivers unique and insider coverage of the mortgage and finance industry that powers our country's economy. Insight, innovation, news and information that you won't find in the mainstream press, including your resource of unique lenders who offer niche-type mortgage loans.

Subscribe FREE now to receive The Niche Report print magazine to your doorstep.

TheNicheReport.com

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

Price (per item): $0.00

Quantity:

 

FHA Loan Origination Manual: A Complete Guide by David Hail

(Current as of April 2010)

No Brag — this is absolutely the best FHA Loan Origination Manual for sale today. It’s 466 pages — but don’t let that scare you. It includes:

  • FHA rule interpretations
  • Detailed analysis
  • Charts
  • Checklists
  • Worksheets

Best of all, this manual is not only easy to understand, but easy to find what you are looking for!

Created for Loan Officers, Processors and Underwriters who originate (or want to start) FHA loans, the manual’s friendly format, index and cross-index bridges the gap between those who just want the basics — and those who are experienced in FHA Lending.

View the Index Here.

View the Cross Index Here.

This product is available as a combo pack. Save $100 when you purchase both the FHA Loan Origination Manual: A Complete Guide by David Hail and RD Guaranteed Housing - Comprehensive Loan Origination Manual. Combo Pack is $386.

Product Testimonials:

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. Thanks,
Mary Malone, Public Service Mortgage, Louisiana

Price (per item): $297.00

Quantity:

 

Combo Pack: Comprehensive FHA Manual & USDA/RD Manual

Save $100 when you purchase this combo pack.
Receive both products (includes shipping) for $386.

FHA Loan Origination Manual: A Complete Guide by David Hail
(Current as of April 2010)

No Brag — this is absolutely the best FHA Loan Origination Manual for sale today. It’s 466 pages — but don’t let that scare you. It includes:

  • FHA rule interpretations
  • Detailed analysis
  • Charts
  • Checklists
  • Worksheets

Best of all, this manual is not only easy to understand, but easy to find what you are looking for!

Created for Loan Officers, Processors and Underwriters who originate (or want to start) FHA loans, the manual’s friendly format, index and cross-index bridges the gap between those who just want the basics — and those who are experienced in FHA Lending.

View the Index Here.

View the Cross Index Here.

Product Testimonials:

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. Thanks,
Mary Malone, Public Service Mortgage, Louisiana

RD Guaranteed Housing - Comprehensive Loan Origination Manual by David Hail

Doing the best 100% loan in the country just got MUCH easier. A new training manual for the USDA Rural Development Rural Housing loan program has been created for Loan Officers, Processors and Underwriters who originate (or want to start) RD Guaranteed loans. The 345-page manual contains information (interpreted in plain language), detailed analysis, checklists and all the forms you will ever need.

  • Buyer Eligibility Requirements
  • What types of properties qualify,
  • Property inspection requirements,
  • Credit and credit analysis,
  • Processing & Underwriting,
  • New Construction & Manufactured Homes
  • ...And critical need-to-know information - that you can't find anywhere else!

View Index Here

View Cross Reference Here

Included is a comparison of FHA vs. RD property inspections - what's different and what's the same.

It's the only comprehensive manual on RD Guaranteed Loans you will ever need!

Testimonials:

Fantastic!! Well written and easy to understand. Excellent flow.
Bob Coordsen, Guaranteed Housing Specialist, Rural Development, USDA, Florida

I absolutely LOVE this new manual. I have referred to something in it every single day since I have had it and was easily able to find what I needed. The flow of the book is great and all the websites and phone numbers provided have been extremely helpful. I just love the fact that when I have a property with something "out of norm" such as private road or an income producing property, I can go right to the answer. Just yesterday, I used the ratio waiver request form and took the comp. factors right out of the book.
Bennett, a Sr. Underwriter for Allied Home Mortgage Capital Corp

I LOVE the new book! You get a big thumbs up from me! Love the loose-leaf binder, the cross-reference index, and it covers EVERYTHING!
Joni Howell, Phoenix Housing Group, Inc.

I personally attended David’s class and was very impressed with the content and detail as well as his knowledge, experience, teaching style and humor. The survey taken of the participants at the end of the class rated this course as “excellent”.
Josh Louik, Washington Association of Mortgage Professionals

I just referenced your new book, RD Guaranteed Housing Loan Origination Advanced, to provide information to a loan officer regarding assets. In this ever-changing environment of rules and regulations, it is most helpful to have one source to go to for information. Your book is logically laid out, easy to read and encompasses all that is needed to originate a RD Guarantee Loan. I recommend it to all loan originators. I’ve heard that they consider your books to be "the bible" for lending information and now I see why. As an underwriter, your book saves me time when researching a particular aspect of RD programs. I look forward to more publications from you.
Nancy Karnowski, Underwriter, Allied Home Mortgage Corporation

David has been teaching with our organization for over a year (the FHA and Rural Development courses). His knowledge and the way he teaches far surpass our expectations. Our members now call in and request to be in the classes he teaches.
Sarah Bryar-Wojcik, Illinois Association of Mortgage Professionals Education Foundation.

I was so impressed with David’s classes, that in my capacity as general manager of a large mortgage company, I sent six of my top originators to his classes. I have witnessed their production increase because of the knowledge gained in those classes.
Tom Estes, The North Carolina Association of Mortgage Professionals.

I purchased David's manual and it is GREAT! Well put together, thorough and in a ring binder so you can easily add pages. I can honestly say that if you do RD this is a MUST!
Margot Hornblower - Branch 2344, Branch Manager, Allied Home Mortgage Capital Corp.

David Hail is, without question, the leading expert of USDA rural Development loans. The mortgage community (and the public) will benefit from his teaching efforts.
Matt Mathosian, Chase

We purchased it and let me tell you it is WELL worth the money!! We are experts now.
Lori Lewis, Allied Home Mortgage Corporation

Price (per item): $386.00

Quantity:

 

 

 

 

 

 

 

 
 
MortgageCurrentcy.com - 2008-2010 all rights reserved.
Any and all trademarks acknowledged.
Advisory Board