Product Description
by Brian L. Criswel (Author)
FHA Loan Origination Manual with Mortgage Fraud Supplement is a training source for new and seasoned mortgage loan officers, mortgage loan originators, mortgage loan processors, and mortgage trainers who need to learn FHA in a snap. The FHA Loan Origination Guide with Mortgage Fraud Supplement is an in-depth training manual loaded with information to guide you through originating FHA-insured mortgages. It's perfect as a textbook for FHA (Federal Housing Administration) training classes. This FHA (Federal Housing Administration) Loan Origination Guide discusses: FHA Loan Terms, FHA Loan Program Types, FHA Loan Amounts, FHA LTVs, FHA Minimum Cash Investments, FHA Property Eligibility, FHA Loan File Submission, FHA Automated Underwriting, FHA Loan Closing Requirements, and much, much more. This FHA Loan Origination resource guide is a must have for new and seasoned Mortgage Professionals, and mortgage loan processors. The FHA Loan Origination Manual includes a 130 page Mortgage Fraud Detection and Deterrence guide. The Mortgage Fraud guide is designed for mortgage brokers, loan officers, and loan processors that wish to stem the rising tide of loan-level mortgage fraud. Lender belt-tightening has left a lot of individuals who previously had access to borrowed funds with a lack of lucrative financing options. Hundreds of mortgage industry professionals have been indicted for criminal conduct and thousands of others have left the industry for other professions--yet even during a down real estate market builders, homeowners, and white collar criminals will explore creative ways to buy, sell, and refinance properties. As a mortgage loan officer in a different lending landscape, you'll have to keep an eye out for borrowers whose sole intent is to commit fraudulent acts for financial gain. This book will explore the various types of mortgage fraud scams that you should be knowledgeable about. The presence of one or more red flags in a mortgage loan file is not an automatic indication of loan fraud-honest mistakes are sometimes made by those party to the loan-but red flags should serve as an alert that the loan documentation may warrant a closer look. The checklists in this book will help to significantly reduce the risk of fraud in your mortgage loan files. Mortgage Brokers, Loan Officers, Loan Originators and Loan Processors should each run their own compliance reviews and not rely solely on Mortgage Loan Underwriters and Mortgage Loan Compliance Officers to ensure loan quality.
