USDA Training Opportunity

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The USDA recently announced that they will be conducting webinars on both credit underwriting topics, property requirements for anyone interested in learning more about current USDA policies, and upcoming Handbook (HB) changes.

In my opinion, this training opportunity is a MUST for all those participating in the USDA loan programs.  It is anticipated that rather substantive policy changes will be implemented soon by the USDA and this is a unique opportunity for lenders to obtain guidance directly from Rural Development staff.  Best of all – this training is FREE to all participants.

The two upcoming Webinars will cover the following topics:

Wednesday, April 13^th (from 1-3pm EST)– Borrower Eligibility (Chapter 4 of the USDA’s Handbook 1-3550) and Underwriting the Loan (Chapter 6 of this Handbook).

Thursday, April 14^th (from 1-3pm EST)– Property Requirements (Chapter 5 of the HB), Special Situations (Chapter 9 of the HB) and Section 504 Loans and Grants (Chapter 12 of the HB).

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Please click here to login to the webinar as a Guest

To access Webinar audio – dial 1-800-981-3173 and enter 1632# when prompted.  There are a limited number of phone lines available.  I would recommend that you call-in earlier than the posted time – the earlier the better!

Take Notes!

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.