NAMB Webinar: January 2010 Updates RESPA, FHA Broker Approval and Appraisal Reform

1. January 1, 2010
is on the Horizon
Is Your Mortgage Company Ready?
Sponsor: www.CreditTechnologies.com

2. There are big changes that
will impact your origination
and closing process.
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
Sponsor: www.CreditTechnologies.com

3. RESPA / GFE Changes
To name a few...
Elimination of FHA cap on
origination fees
Principles of RESPA reform
Key final terms and processes
What brokers must know
GFE Notice Requirements Important Dates
GFE Triggers Settlement Charges
Block 1 – What goes into it
All other settlement services
What charges can change
What charges can not
Requirements under the rule
HUD’s interpretation of the rule
Sponsor: www.CreditTechnologies.com

4. FHA Appraisal Ordering Policy
What's the process and
expected impact?
Sponsor: www.CreditTechnologies.com

5. FHA Mini-Eagle/Broker Approval Process
Important Questions To Consider:
Net Worth Requirements?
Are audited financials still required?
Will lenders adopt uniform FHA standards?
Sponsor: www.CreditTechnologies.com

6. Do you need a
Your better understanding of
the new changes that
Time Is are coming in January?
Running Out... 1. GFE / RESPA
2. FHA Appraisal
3. FHA Broker Approval
NAMB
wants to
help...
Sponsor: www.CreditTechnologies.com

7. NAMB Webinar: Tuesday Dec. 1 @ 2pm EST
January 2010 Updates RESPA, FHA Broker Approval
and Appraisal Reform
Register Online: www.MortgageRevolution.info/hud
Our Panel Of Experts:
Vicki Bott – HUD Deputy Assistant Secretary of Single Family Housing
Roy DeLoach – NAMB CEO
Tony Gallegos - Mortgage U, Director of Training
Alice Alvey – Mortgage U, President
A National Association of Mortgage Brokers Event
Sponsor: www.CreditTechnologies.com