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 starting with 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 flags 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 it's about

Our FHA Mortgage Mentor® Guide is your COMPLETE resource to support your FHA lending efforts regardless of area of responsibility.

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 entire Mortgage Mentor® Guide is available online with links to FHA documents, in a searchable online format. Take it from us; researching FHA guidelines has never been easier!

This Mortgage Mentor® Guide includes the following:

  • Introduction to the FHA
    • FHA vs. conventional lending
    • Policy summary
    • Handbook summary
  • FHA Origination
    • Regulatory concerns
    • Originator and lender responsibilities
  • FHA Processing
    • Disclosures and forms
    • Red flags on collateral, assets, employment documentation, etc.
    • Checklists
  • FHA Underwriting
    • Purpose
    • Four C’s
    • 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 QC
    • 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 logically, to mirror the steps in the mortgage process. Users will benefit from the following features, exclusive to AllRegs’ Mortgage Mentor® Guide:

  • Direct links to supporting agency publications, announcements and guidelines in AllRegs
  • User-friendly, "how-to" format covering every requirement a lender must follow, from lender authority through insuring, delivery, and servicing
  • Information is cross-referenced and provides 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 and actions require
  • A liberal site license allows registered users to simultaneously access their own virtual copy, to bookmark and annotate as they please

Target Audience

All operations personnel including origination, processing, underwriting, closing, QC, and servicing staff of the following:

  • Mortgage lenders
  • Mortgage brokers
  • Mortgage bankers
  • Mortgage servicing operations
  • Third-party originators
  • Third-party service providers (QC, audit, pre-funding reviews, etc.)
  • Any entity participating in FHA lending

Subscription Information

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