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It is rare these days to have one of the Federal Government’s Housing Agencies (HUD, VA and USDA) offer in-depth technical training geared towards underwriters and loan processors that will result in a better understanding of the rules and regulations in effect for the programs that they administer.
One such opportunity is now available to anyone interested in USDA’s Single Family Housing Guaranteed Loan Program. The best part is that this training Webinar is available 24/7 and is FREE to all participants.
Also, training materials that are associated with this training can be accessed at this link. Origination Training Handout
The main focus of the USDA’s training Webinar is to cover the major policy & procedural changes that will be implemented by USDA on March 9, 2016 when the final rule for 7 CFR Part 3555 becomes effective for all conditional commitments issued on and after that date.
In addition, the changes being made to the USDA’s Handbook (HB-1-3555) as a result of the final rule will be covered and there will be a scenario based questions/answers segment.
If your firm is currently originating USDA loans or contemplating becoming active in USDA loans in the future – this training opportunity is highly recommended. At LoanLogics, we have made it mandatory for our pre and post-closing audit staff to access this Webinar and obtain the handout materials.
Loading ...The training Webinar is 1 hour and 23 minutes long and I found it to be beneficial. In fact, here is a recent quote from one of our staff Auditors after she completed this training Webinar: “I so enjoyed the USDA Webinar. The commentator was clear and concise in her presentation and brought more insight to the program. This training will certainly help me in my job as an auditor.”
In my opinion, now is the best time for loan origination staff to avail themselves of this rare training opportunity since the new USDA underwriting policies have just become effective.
As an added bonus, you will be able to save the links to this Webinar and Handout materials to reference them in the future as you encounter various underwriting scenarios on USDA loan transactions.
Although this Webinar is Free and some folks may believe that it will not be time well-spent since “you get what you pay for,” I think that you will find it well worth the hour and a half you spend listening to this pre-recorded training seminar.
The game is changing – you need to be aware of the changes and play different!
