Services Offered

Fedral and FHA Policies and Procedures

FHA new enforcement Mortgagee Letter, ML 09-12, is an indication that Policies and Procedures will be required to document how you do your business. We have created Policies and Procedures based upon FHA mortgage guideline requirements for servicing, insuring, underwriting, processing, and Fair Lending issues just to name a few.

 

FHA Quality Control Plan and FHA Branch Audits

We not only review loan files for compliance, but, because of our many years of experience in production and audit, we can instruct and advise you how to produce safer loans while following FHA requirements and making sure you maximize your production.

 

Insuring and Claims

We have a very extensive background in insuring and in filing claims. Bob Emerling wrote a manual titled How to Get Your Claims Paid, which was sold by a national FHA Lending Association. We have literally insured thousands of loans and successfully filed thousands of claims.

 

Branch Networking

There is a way to set up a FHA nationwide branch network while following FHA approval requirements by getting extra territorial approval in 14 or 15 states depending on where your Home Office is located. We can make sure your company is compliant with all the FHA loan requirements relating to branches.

 

Interfacing with FHA Monitoring Reviews

We have been involved in over 100 company audits from both FHA Homeownership Centers and the Inspector General. We have a proven procedure for handling these audits from the moment you are informed of the audit to answering the written audit findings, while all the time making sure your company is protected from additional findings.

 

FHA Appraisal Reviews

Appraisals are the most important part of any FHA loan, especially in the current environment. We can walk you through the appraisal issues that we have encountered while we were helping companies answer their FHA Monitoring Reviews. About 90% of all the issues from FHA audits and "Tech" review will be centered on appraisal issues. We have a very successful appraisal review procedure that has proven to be very compliant with FHA appraisal guidelines.

 

FHA and State Licensing

We have a proven track record for getting approvals for any state in the USA and for getting your initial FHA approval requirements processed timely. In addition, we can assist you in getting FHA branch approvals and FHA Direct Lending approval.