New Lending Manuals a Good Reference for FHA, VA and HECM

As the number of FHA insured loans rapidly increases, mortgage lenders need to offer FHA loans to stay competitive. Once lenders and brokers have become FHA approved, they face a variety of tasks, which can sometimes appear overwhelming. For example, lenders must have proper training to originate, process, underwrite, and close FHA loans. Additionally, because FHA loans are government insured, they can be more regulated and complex than conventional loans. Finally, FHA approved lenders need to keep up with the frequent HUD policy changes and updates.

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