Posts Tagged ‘FHA origination’

The HUD RESPA Q&A a Must Read

Have you read the Q&A that HUD published on RESPA? Most people in the mortgage industry seem to have missed this must read document. Seller Paid Items, Denial, Change of Circumstance, Important Dates, Escrow Account Information, Loan Summary, among other topics. The document answers questions like; Can items be listed as POC on the GFE? […]

Big Changes for Mortgage Net Branch Managers in 2010 – Part 2

More about the big changes for mortgage net branch managers in 2010. There is now a new 4 page GFE (Good Faith Estimate) and new disclosure rules to go with it. The new GFE has you disclosing the figures several different way to (in theory) help the borrower better understand the transaction. The initial fees […]

Why join a national mortgage branch company for FHA?

Why join a national mortgage branch company for FHA? Instead of joining a net branch company to originate FHA loan wouldn’t it be better to get your own company approved by HUD to originate FHA loans? In most cases the answer is no. Let’s look at some of the costs associated with any mortgage company […]

Part 2 – FHA Net Branch Opportunities – are they all the same?

In the last post we covered broker vs. lender for FHA loans. Now let’s take a look at the next items on the list of important criteria you should consider if you are considering a net branch opportunity and intend to originate FHA loans. FHA originated using the corporate address or the branches? Corporate processing […]

FHA Net Branch Opportunities – are they all the same? (part 1)

OK you have decided that you are going to focus on FHA and to do that you are going to join a net branch company. Are they all the same? Is FHA the same everywhere? That’s an easy one to answer. No! Here are some of the key differences that you should understand when choosing […]