So you want to be a DE underwriter?
Professor’s Answer:For information on becoming a DE Underwriter, the FHA website www.fha.gov has the information. The professor found this link to help you start. Go to the following link to receive the handbook 4000.4 which outlines the DE program. http://portal.hud.gov/portal/page?_pageid=33,716773&_dad=portal&_schema=PORTALNow scroll down the page to the area regarding different Single Family Handbooks (which means guidelines) with their reference numbers to the left. Choose 4000.4 DE Program, and open the manual. Then page down to chapter three which discusses the requirements for an underwriter. The entire manual describes the whole DE program for the lender. This should be the current information as to what is expected, although if you get involved with the program, you’ll need to make sure you get any updates to the manual from FHA.
Your local HOC (Home Ownership Center) office can give you more detail information and would be the best source for information. You can find out your HOC office at www.fha.gov, or in the left margin of the above link. Remember you will need a Mortgage Banker to sponcor your application to FHA.
Thanks for ‘asking the professor’, and we enjoy helping you wade through the mortgage information madness to find your answer!
Explore posts in the same categories: Ask the Professor, Federal Laws Both comments and pings are currently closed.
LMS Online Course Blog 