FHA Direct Endorsement - DE Underwriting
Online Course: ID# 1004758
Price: $395.00
Qty:
About This Course:
"FHA Direct Endorsement - DE Underwriting" is an in-depth, instructor-led online program that gives formal instruction on the path to earning the Federal Housing Administration's Direct Endorsement.
It is designed to teach the fundamentals of DE underwriting to new and seasoned mortgage underwriters alike.
Course OutlineIn this course you'll receive an introduction to FHA learn about FHA programs, and more, including:
- Automated inderwriting
- Manual underwriting
- FHA forms
- FHA calculations
- Credit analysis
- Income analysis
- Asset analysis
- Appraisal analysis
- Debt-to-income ratios
Upon finishing the course you will receive a Certificate of Completion and skills required to be a successful mortgage underwriter.
Anticipated Time To CompleteThis online course will take approximately three hours to complete. You do not have to complete the course in one sitting - there are bookmarks in this course that allow you to stop and restart as needed.
Access InformationUpon enrollment, you'll receive an email from the course provider (CampusMortgage®) with links and passwords to access the course. You will have full access to the course for one full year.
Top FAQs
The Direct Endorsement program helps lenders meet the demand for FHA-insured mortgages. Underwriter reviewed the appraisal (if applicable) and further certifies that this mortgage is eligible for HUD mortgage insurance under the. Direct Endorsement program.
Direct endorsement authority is an additional approval that allows the lender to underwrite loans for one- to four-unit single-family homes and close it without prior review by HUD.
The process determines whether a loan qualifies for FHA insurance via analysis of borrower credit, income, assets, and the value of the property. The underwriter reviews the appraisal to ensure the home meets HUD's minimum standards for constructions, health, safety, and marketability.
