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

Aug. 24, 2009 - PRLog -- 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.

As a solution to sorting through hundreds of pages of regulations, Mortgage Compliance Advisors has launched complete lending manuals for FHA, VA, and HECM loans. These guides, updated quarterly, offer quick, comprehensive references for mortgage lenders and brokers. The manuals cover all outlined requirements and calculations in the current issues of the HUD handbooks, as well as the updates in the HUD Mortgagee Letters. Additionally, the electronic version of the manual hyperlinks all explanations of guidelines back to the original HUD source, to show HUD’s exact wording. Although the number of regulations continues to grow along with the demand for FHA loans, lending manuals can help clarify and simplify the loan production process.

For more information on the FHA, VA, and HECM Lending Manuals, visit http://www.MortgageComplianceAdvisors.com/FHA_Lending_Gui... or call 877-226-3217.

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About Mortgage Compliance Advisors (MCA):
MCA was founded to provide mortgage compliance solutions for lenders and brokers of all sizes. Whether clients need help with FHA quality control, FHA approval services, Red Flag Policies, or any other compliance issues, MCA’s team of experienced auditors can help. For companies just starting out with FHA loans, MCA’s principal Bob Warnock, a former FHA branch chief, can offer helpful advice and explanations of FHA requirements.