Doing FHA business? Rare Live Training

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Underwriters & Appraisers Doing FHA Business Take Note – Rare Live Training Opportunity in Detroit This Week.

HUD’s Office of Single Family Housing and the City of Detroit, Michigan Land Bank are conducting a live Training Forum for Thursday, May 7, 2015 at HUD’s Detroit Field Office – McNamara Federal Building, 477 Michigan Avenue, 17^th Floor.

This all day, FREE event will be a rare opportunity to meet with key HUD senior Management staff from both the Philadelphia Homeownership Center, as well as, HUD Headquarters.  Topics to be discussed include the following:

• Appraising in distressed markets & minimum property standards
• New SH Handbook policy changes being proposed
• Processing repair escrows
• Neighborhood Characteristics
• Access to credit
• Overview of Sec. 203(k) rehab loan program

More importantly, those in attendance will be able to ask underwriting & appraisal questions directly from the decision-makers currently at HUD.

The main objective of this unique Training Forum is to discuss ways that HUD programs can assist in revitalizing & renovating the housing supply in urban areas.  The complex underwriting and collateral review challenges that confront lenders in trying to expand credit in such areas will be discussed with advice provided as to how to properly process such loan transactions.

The Registration Link for this Training Forum is: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=2416&update=N

For additional information, you may contact Elizabeth Cahall at (215) 861-7236 or via email at Elizabeth.M.Cahall@hud.gov.

About the Author

Gerry Glavey

Gerard (Gerry) Glavey is Senior Vice President / Chief Credit Officer for LoanLogics. Gerry has decades of experience working in residential mortgage credit and compliance and brings insights that few in the industry can match. In his role, he develops new services and provides support for all post close quality control and quality assurance, pre-close quality control, due diligence services, and document processing services. He spent 37 years with the US Department of Housing and Urban Development, where most recently he was the Director, Processing and Underwriting Division for the Home Ownership Center (HOC) in Philadelphia. In this capacity, Mr. Glavey was responsible for the administration of all HUD/FHA Single Family Loan Origination activities, including underwriting, appraisal and endorsement for the 16 state jurisdiction of this HOC.