What Originators Need to Know about RESPA,
FHA Broker Approval and Appraisal Reform
Tuesday, December 1,2009
2:00 pm EST
NAMB WEBINAR TOPICS:
RESPA/GFE Reform
Effective January 1, 2010, HUD is requiring loan originators provide borrowers with a Standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a revised HUD-1 Settlement.
- Elimination of FHA cap on origination fees
- RESPA/GFE – From Broker Perspective
- Principles of RESPA reform
- Key final terms and processes
- What brokers must know
- GFE Notice Requirements
- Key GFE Triggers Dates
- Block 1 – What goes into it
- What charges can change
- What charges can not
- The best strategies to navigate this sea of requirements
FHA Appraisal Ordering Policy
- Review of Process
- Expected Impact
- Net Worth Requirements
- Are audited financials still required?
- Will lenders adopt uniform FHA standards?
Click HERE To Register: Dec. 1, NAMB / HUD Guidelines Webinar
Our Panel of Experts:
- Vicki Bott – HUD Deputy Assistant Secretary of Single Family Housing
- Roy DeLoach – NAMB CEO
- Tony Gallegos - Mortgage U – Director of Advisory Services
- Alice Alvey – Mortgage U – President

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