FHA Practical Guide

Product Code: AO-FHAPG, Practical Guide

Can’t make heads or tails of FHA requirements? The FHA Practical Guide is for you.

The FHA Practical Guide provides you with the nuts and bolts of the FHA loan product, including updates to the downpayment assistance program and gift funds.

The ultimate source for FHA requirements exclusively provided by AllRegs, this online step-by-step guide is plainly written with easy to follow decision-trees, charts and worksheets. You’ll get the right answer the first time, every time, with the most current program updates at your fingertips. With links to actual FHA documents, researching guidelines has never been easier.

What's Inside

What if you could have all the information spread across HUD Handbooks concentrated, updated and automated? What if it was no longer an impassible narrative, but a step-by-step guide? With the FHA Practical Guide, you get just that - an online how-to guide for FHA loans, from DE authority through insuring. The FHA Practical Guide is revised as FHA guideline changes and updates are made to the HUD Handbooks. The newest features of the FHA Practical Guide include:

• Changes to the downpayment assistance program
• Property requirements
• Property flipping checklist
• Closing cost matrix
• Insuring stacking order checklists

An intuitive, comprehensive and extensively researched practical guide to FHA lending, 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 the FHA Practical Guide:

• Direct links to supporting HUD Handbooks and Mortgagee Letters in AllRegs
• User-friendly, "how-to" format covering every requirement a lender must follow, from lender authority through insuring
• Information is cross-referenced and also provides single points of reference 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
• Homeownership Center information and FHA Connection screenshots
• Continually updated as Mortgagee Letters and Notices require
• A liberal site license allows for registered users to simultaneously access their own virtual copy, to bookmark and annotate as they please

Target Audience

The FHA Practical Guide is a perfect resource for mortgage lenders, loan originators, loan processors, underwriters, closers, post-closers, insurers and compliance officers who need to search the specific details of FHA loan products.

Authors

The FHA Practical Guide is based upon The Practical Guide to FHA Lending, written by Alice Alvey, John Gehrke and Jan Wetzel ©2005 Mortgage U, Inc.

Benefits

Want to know how the FHA Practical Guide specifically benefits industry players? Read below:

For Originators

Did you know that there are ten compensating factors that will turn your Refers into Approvals? Can't get an underwriter on the phone to discuss your borrower's delinquent contingent liabilities? A couple of mouse clicks will give you a clear unambiguous answer.

For Processors and Underwriters

What specific items are required when a veteran needs a FHA loan? Your borrower owns their property and wants to build...is it a refi or a purchase? Did you know that vacancy factor rates to calculate rental income vary for each HOC? Of course you did...nobody expects you to remember it all...yeah, right.

For Closers, Post-Closers, and Insurers

A pre-closing checklist that identifies every document that needs to be signed. A post-closing checklist keys in on the most frequent reasons for an NOR. And if that isn't enough, there's a blueprint on how to resolve the most common deficiencies to help you get your rejects insured.

For Compliance Officers

Seventy-five combined years of industry experience enables the authors to identify best practices for you. They provide tried and true remedies that will help you eliminate regulatory pitfalls. Their recommended policies and procedures will help eradicate the word indemnification from your vocabulary.

Subscription Information

Subscriptions are based on site-wide licensing. All users at one company site have access to the FHA Practical Guide. The annual subscription rate for one location is $495.

For more information, call our sales and customer service department at (800) 848-4904 or email sales@allregs.com.