FHA Mortgage Mentor® Guide

AllRegs is pleased to present our comprehensive guide to all things FHA! Our FHA Mortgage Mentor® Guide provides industry practitioners with a clear map of the FHA mortgage process, from origination all the way through servicing and loan payoff. The FHA Mortgage Mentor® Guide includes topics like loan servicing and loss mitigation. We thought of everything – various calculations associated with FHA lending; red flag checklists on topics like collateral review, credit reports, closing, and title review; job aids; an extensive glossary; live links and reliable citations to the applicable FHA handbooks, just to name a few. In addition, there are QC job aids, case binder submission guides, quick references to regulatory concerns, and much more!

WHAT'S INSIDE

What if you had a complete companion resource to the FHA Handbooks?

Imagine a tool that takes the concepts and direction in the FHA handbooks and translates them into a plain language interpretation of the requirements associated with the FHA mortgage process.

AllRegs has taken each facet of the loan process and created an online step-by-step guide to each stage of an FHA loan complete with supplemental resources, charts, worksheets, checklists, calculation exercises, all at your fingertips. The FHA Mortgage Mentor® Guide is available online with links to FHA documents, in a searchable online format. Researching FHA guidelines has never been easier!

This Mortgage Mentor® Guide includes the following:

  • Policy summary checklist
  • Handbook summary chart
  • Advisories
  • Introduction to the FHA
    • FHA versus conventional lending
  • FHA Origination
    • Regulatory compliance
    • Originator and lender responsibilities
    • Application forms and disclosures
    • Lending parameters and calculations
    • Mortgage insurance
    • Settlement costs
    • Borrower qualification
    • Credit, income, and ratios
    • Collateral property requirements
  • FHA Processing
    • Disclosures and forms
    • Red flags on collateral, assets, employment documentation, etc.
    • Lending parameters and calculations
    • Mortgage insurance
    • Settlement costs
    • Borrower eligibility
    • Credit requirements
    • Assets and funds to close
    • Collateral property requirements
    • Processing checklist
  • FHA Underwriting
    • Purpose
    • Four Cs
    • General credit policy
    • Loan amount calculations
    • Ratios
    • Income/assets/funds to close
    • Property types
    • Collateral analysis
    • Credit decisions
    • AUS/TOTAL
  • FHA Closing
    • Pre-endorsement checklist
    • FHA Connection endorsement guidance
    • Case binder submission worksheet
    • Closing red flags
    • Title red flags
  • FHA Quality Control
    • QC regulatory compliance
    • Origination QC topics and checklist
    • Servicing QC topics and checklist
  • FHA Loan Servicing
    • Escrow accounts
    • Assumptions
    • HECM loans
    • Loss mitigation
    • Claims
    • Bankruptcy

Benefits

An intuitive, comprehensive, and extensively researched practical guide to FHA mortgages, this online guide is available exclusively through AllRegs. The information is organized to mirror the steps in the mortgage process. Users will benefit from the following features, exclusive to AllRegs’ Mortgage Mentor® Guide:

  • Links to supporting agency publications, announcements, and guidelines in AllRegs
  • User-friendly, "how-to" format covering FHA requirements, from lender authority through insuring, delivery, and servicing
  • Cross-referenced information with reference points throughout
  • Exclusive worksheets and checklists designed with the novice user in mind
  • "Best practices" for lenders to use as guidance for common procedures and widely accepted standards in the industry
  • Supporting job aids and reference materials
  • Continually updated as agency changes require
  • A liberal site license allows registered users to simultaneously access their own virtual copy, to bookmark and annotate as they please

SUBSCRIPTION INFORMATION

Contact our sales and customer service department at (800) 848-4904 or email sales@allregs.com.


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