You need products that will close and FHA is front and center. FHA is hot now and will be in the coming boom. Mastering this program is essential because you are competing against it every day.
Only two dates left!
Register Now!
FHA Loan Origination
8 hours
CE credits available for NC, SC, GA, FL, IL, ME, WV & TX
FHA is hot! Come find out why our whole industry is going FHA. This eight-hour course is taught by FHA expert originatorCathryn Overcash.
FHA is all new, updated and reformed. This course will bring you up to speed on all the new FHA changes and the many benefits that will help you close more loans.
FHA is not a fad; it's a critical new tool to help you thrive.
- Cash-out Refi's up to 95% LTV
streamlined to expand your market
Easier to Qualify
lawful permanent resident aliens and non-permanent resident aliens can obtain an FHA loan
Less Than Perfect Credit
many perceived "sub-prime" borrowers can obtain "A" credit interest rates using FHA
Low Down Payment
Learn the new down payment formula
Costs Less
insured by the Federal Government, cash reserves not required, gifted funds allowed to 100%
Help Them Keep Their Home
non-occupying co-borrowers allowed
Assumable
gain market advantages over your competition
What you will learn in this course:
- Origination and processing of FHA loans
- Underwriting and credit guidelines
- Basic loan calculations including down payment and minimum investment requirements
- Calculating UFMIP and annual/monthly MIP
- New rules on FHA closing costs
- FHA required forms and the secret to the new loan transmittal summary
- Marketing ideas for FHA loans to maximize profits
- Current HUD compliance and regulatory issues
- Updates of the current and future outlook on DPA programs
- How to move an FHA loan from a “Refer” to “Accept” utilizing automated underwriting…
knowledge and techniques you need to know that work
- All the FHA updates plus much, much more...
Click on the date to register:
November 12th, Raleigh/Durham, NC
November 17th, Charlotte/Mooresville, NC
Our FHA expert Cathryn Overcash -- she is originating and is up to speed.
Prices:
Live Class:
8-hour class $225
4-hour class $125
Attend both 4-hours classes: $225
Special price for attending 2 Days (16 hours) $300
Prior Student Discount: All prior students receive a $25.00 discount.
To register by fax click here to print the registration form.
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November 12th
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| Raleigh/Durham, NC
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November 17th
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| Charlotte/Mooresville, NC
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November 18th
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| Greensboro, NC
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December 8th
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| Asheville, NC
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December 9th
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| Charlotte, NC
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December 11th
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| Raleigh/Durham, NC
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December 15th
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| Wilmington, NC
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December 17th
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| Greensboro, NC
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December 29th
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| Raleigh/Durham, NC
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December 30th
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| Charlotte, NC
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Registration Hotline:
888-341-7767
Some courses approved for multiple state CE credits
(Call for details.)
Get 8 Hours of CE for $100
Abacus Online CE Courses
"A distance learning experience at your convenience."
We offer two 4-hour online courses parallel to our live offerings.
4-hours: New Laws for a New Era
4-hours: Security and Red Flags Rule
Registration Fee: $50 per course
How does it work?
u Format: Flash presentation, audio, text and images.
u Highly Convenient: Work a little here, a little there, 48 5-minute segments.
u Sequential: Earn credit on page 1, move to page 2, etc. All work must be performed in sequence, but not necessarily for 8 hours straight.
u Interactivity: You will be required to interact (by clicking with mouse) frequently, to demonstrate your attention to the content
u Duration: You must focus on the content on each page for 5 mintues, 48 pages, total over 240 minutes (4 hours for each course)
u Testing: 3 Quizzes will challenge you, but they are for self-assessment only. No "exit exam".
u Completely online: No documents to mail; entire experience online
Level of support
u Toll-free dedicated support line manned by sharp, enthusiastic staff, Mon-Fri 9:00-5:00. We wrote this program, we know it inside out, we answer the phone. Toll-free: 888-341-7767
Control and Convenience
u Pause the class at any time
u Work on your own time table
u Work at home or office
u Pick up where you left off
u Review/Replay any page, anytime, off the timer (no credit minutes.)
u Remembers where you were during last work session
u Easy and quick sign-up
u Automated Certification printing process
u We report your credit hours to the Comissioner next business day
u You control your attendance, with up to 60 days to complete
Course Descriptions:
Presenting: Abacus Online Course 1001 4 Hours
North Carolina Mortgage Lending Laws Update: 2008 and Beyond
This online presentation is fast-paced, interactive and will hold your attention. We can honestly say you won't be bored. You might be scared, but you won't be bored!
Many new laws are now in effect for 2008 (NOW, not later!). You can not put off understanding these laws. You are now liable for knowing and complying with all of them and in addition your ongoing and new responsibilities under the MLA and PLA. It is dangerous to be unaware of the increased authority of the NC Commissioner of Banks and on how they intend to hold you accountable. All offices will be examined by the Commissioner and you might be surprised at what they will look at. This course will help you!
Content, extras, free off-timer review, extended interviews with industry experts plus four hours official NC Continuing Education Credit: $50.
For the Abacus Online Security Course 1002 4 Hours
Security For An Insecure Time: Privacy, Information Security and the Red Flags Rule
Protecting an individual’s private identifying information is one of the most profoundly personal issues of our time. It is the consumer’s new litmus test when choosing a mortgage provider. The latest research links your commitment to privacy and security to your reputation, credibility and trustworthiness.
…However, that is only half the story.
It is now a matter of law. On November 1, 2008 all financial institutions and more than 11 million other service providers must be in compliance with the new Red Flags Rule.
Note: A Red Flag is not some obscure security breach that may not ever happen. There are 26 different Red Flags and they are taking place every day in your business.
Knowing what you are required to do as they occur and having your Program in place will determine if you stay in business or not.
Security for and Insecure Time will teach you what to do and how to get into compliance, fast!
Topics this course will cover:
• Red Flags Rule – Section 114 Develop and Implement an Identity Theft Prevention Program
• Address Discrepancy Rule – Section 315 -- Procedures upon receiving notice of address discrepancy
• The Problem Illuminated -- Staying out front of fraud and identity theft
• FCRA and FACTA -- A quick review of the new amendments
• GLBA – Privacy of Consumer Information Rules -- Knowing your risks, the Privacy and Safeguards Rule
• USA PATRIOT Act (USAPA) -- Tune up your Customer Identification Program (CIP)
• Responsible Information Management (RIM) -- Creating a safer information ecosystem is everyone’s business
Content, extras, free off-timer review, extended interviews with industry experts plus four hours official NC Continuing Education Credit: $50.
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One Day - Two, Four Hour Classes
Security for an Insecure Time:
Information Security, Privacy and the Red Flags Rule
4 hours
4-hrs, Live CE
Protecting an individual’s private identifying information is one of the most profoundly personal issues of our time. It is the consumer’s new litmus test when choosing a mortgage provider. The latest research links your commitment to privacy and security to your reputation, credibility and trustworthiness.
…However, that is only half the story.
It is now a matter of law. On November 1, 2008 all financial institutions and more than 11 million other service providers must be in compliance with the new Red Flags Rule.
Note: A Red Flag is not some obscure security breach that may not ever happen. There are 26 different Red Flags and they are taking place every day in your business.
Knowing what you are required to do as they occur and having your Program in place will determine if you stay in business or not.
Security for and Insecure Time will teach you what to do and how to get into compliance, fast!
Here are the topics this course will cover:
• Red Flags Rule – Section 114
Develop and Implement an Identity Theft Prevention Program
• Address Discrepancy Rule – Section 315
Procedures upon receiving notice of address discrepancy
• The Problem Illuminated
Staying out front of fraud and identity theft
• FCRA and FACTA
A quick review of the new amendments
• GLBA – Privacy of Consumer Information Rules
Knowing your risks, the Privacy and Safeguards Rule
• USA PATRIOT Act (USAPA)
Tune up your Customer Identification Program (CIP)
• Responsible Information Management (RIM)
Creating a safer information ecosystem is everyone’s business
These and other vital issues will be fully explored. You will leave this class knowing what to do to protect your borrowers and yourself in this “Insecure Time.”
…It’s not an option to ignore your duties.
Join us for, Security for an Insecure Time.
These are just some of the questions answered when you attend
Security for an Insecure Time
Click on the date below for details and to register:
November 12th, Raleigh/Durham, NC - 8:30AM - 12:30PM
November 17th, Charlotte/Mooresville, NC - 8:30AM - 12:30PM
November 18th, Greensboro, NC - 8:30AM - 12:30PM
December 8th, Asheville, NC - 8:30AM - 12:30PM
December 9th, Charlotte, NC - 8:30AM - 12:30PM
December 11th, Raleigh/Durham, NC - 8:30AM - 12:30PM
December 15th, Wilmington, NC - 8:30AM - 12:30PM
December 17th, Greensboro, NC - 8:30AM - 12:30PM
December 29th, Raleigh/Durham, NC - 8:30AM - 12:30PM
December 30th, Charlotte, NC - 8:30AM - 12:30PM
Back to top
NC Mortgage Lending 2008 and Beyond:
New Laws for a New Era
4 hours
CE credits available for NC only
You can no longer risk not understanding these laws. You are now liable for knowing the newly ratified laws and your additional responsibilities under the MLA and PLA. It is dangerous to be unaware of the increased authority of the NC Comissioner of Banks and on how they intend to hold you accountable. These are the laws that we cover in detail:
- Senate Bill 1485
- Appraiser Education Amendments
- House Bill 817
- NC Residential Mortgage Fraud Act
- House Bill 313
- The Loan Originator on the Deed of Trust
- House Bill 1374
- Protect Homeowners/Reduce Foreclosure
- House Bill 947
- Notice to Tenants of Sale in Foreclosure
- House Bill 1817
- Defines "Rate Spread Home Loans" and amends the MLA
- Bonus
- Paul and Scott will also update you on the three new laws and many new rules rolled out in the last 60 days.
If you know the answers to these questions, you do not need to take this course:
- Do you know what, other than YSP, is now part of the 5% Points and Fees Test?
- What is "Ability to Repay" and how do you establish your borrower has it?
- Are you aware of the new foreclosure protections for your borrowers?
- Do you know the two triggers that determine a Rate Spread Home Loan?
- True or False: You can still do stated loans in NC. Are you sure?
- Is your name required to be on the Deed of Trust?
- Are you aware of the Commissioner's new authority?
- What new language in the MLA increases your risk when engaging an appraiser?
These are just some of the questions answered when you attend
New Laws for a New Era
Click on the date below for details and to register:
November 12th, Raleigh/Durham, NC - 1:30PM - 5:30PM
November 17th, Charlotte/Mooresville, NC - 1:30PM - 5:30PM
November 18th, Greensboro, NC - 1:30PM - 5:30PM
December 8th, Asheville, NC - 1:30PM - 5:30PM
December 9th, Charlotte, NC - 1:30PM - 5:30PM
December 11th, Raleigh/Durham, NC - 1:30PM - 5:30PM
December 15th, Wilmington, NC - 1:30PM - 5:30PM
December 17th, Greensboro, NC - 1:30PM - 5:30PM
December 29th, Raleigh/Durham, NC - 1:30PM - 5:30PM
December 30th, Charlotte, NC - 1:30PM - 5:30PM
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