In order to be licensed to continue to originate FHA mortgages (or other residential mortgages), loan officers must now pass the NMLS Exam.
Looking for a QUICK Fix to the NMLS Exam? Here is the answer…
The statistics are in….. almost 1/3 of ALL loan originators are FAILING the NMLS test on the first try! Worse yet – only 44% pass on the second try!
Sorry for the very late notice, but due to overwhelming demand, another ONLINE FHA TRAINING has been scheduled:
ABC’s of FHA Lending
July 1-2, 2010
12:00pm – 3:00pm Eastern (9AM Pacific)
FHATrainingSource.com/go/online
Due to overwhelming demand, another ONLINE FHA TRAINING has been scheduled:
ABC’s of FHA Lending
June 3-4, 2010
12:00pm – 3:00pm Eastern
FHATrainingSource.com/go/online
Originating FHA insured mortgages has long been one of the most effective ways for professional loan officers to make a good living without sacrificing the well being of their customers. Low rates, no prepayment penalties, no rates that jump up 5% after 2 years, no negative amortization. A true opportunity, if you knew what you were doing, to combine helping people who really do need the help with making a good living.
Here’s a chance to pick up some free training directly from HUD. There was a training call scheduled for today (January 28, 2009) but due to inclement weather the call has been rescheduled. The new date and time for the call is February 4, 2009 at 2:00 PM (EST). The call will last 90 minutes and will provide a comprehensive review of the maximum mortgage calculation for all mortgage products, including purchase loans, all types of refinances, and 203(k). The study materials for this call can be found online now at: http://www.hud.gov/offices/hsg/sfh/trn/training.cfm
This is not an FHA specific guideline update, but it is something that involves bringing in more FHA mortgage business which I think loan originators might be interested in.
Chip Cummings kicked off a SERIOUS mortgage marketing experiment last week!
He calls it the “Mortgage House Experiment”, and he will be helping one of his clients, Tim, with the creation and rollout of a marketing campaign – and YOU CAN WATCH!
FHA training for loan officers is more important than it has ever been. Times are tough in the mortgage business. Loan officers are dropping out like flies. Heck, even lenders are dropping like flies! The loan officers disappearing the quickest are those who aren’t experts in originating FHA loans.
As most people who have read this blog for long know, I am a huge fan of the training materials on FHA produced by Chip Cummings. Chip just returned home from the Atlanta HUD Home Ownership Center where he was actually training FHA on how to do FHA!
I use the “ABCs of FHA Lending” manual every day myself. With FHA seeming to change daily lately, keeping up with all the changes in a handy reference is very important.
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