How to become a de certified underwriter

Mortgage Underwriter Training Classes, Certification, Loan Processor Courses, FHA, VA

  • Home
  • BOOTCAMP
    • The Official NAMU ® Underwriter Boot Camp ™
    • The Official NAMP ® Contract Processor Boot Camp ™
    • The Official NAMP ® Processor Boot Camp ™
  • CERTIFICATION
    • Certified Mortgage Underwriter (NAMU ® -CMU)
    • Certified Master Mortgage Underwriter (NAMU ® -CMMU)
    • Certified Ambassador Mortgage Underwriter (NAMU ® -CAMU)
    • Certified in Mortgage Regulatory Compliance (NAMU ® -CMRC)
    • Certified FHA Manual Underwriter (NAMU ® -CFMU)
    • Certified Mortgage Quality Control Specialist (NAMU ® -CMQCS)
    • Certified in Commercial Underwriting & Processing (NAMU ® -CCUP)
  • COURSES
    • **View All Loan Processor Classes
    • **View All Mortgage Underwriter Classes
    • **View All FHA/VA Classes
    • TRID Explained – “New Rules Defined”
    • Loan Processing 101 – “The Basics”
    • Adv. Processing – “Real World Lessons”
    • FHA/VA Processing – “For Processors”
    • FHA DE Underwriter (PREP PACKAGE)
    • Commercial Processing 101
    • Adv. Commercial Processing
    • Calculating Income, LTV & DTI Workshop
    • Case File Underwriting Review (FHA/VA Loans)
    • Contract Processing Launchpad
    • Underwriter 101 – “The Essentials”
    • Adv. Underwriter – “Real World Lessons”
    • USDA Rural Loans
    • Tax Returns Analysis Workshop
    • Appraisal Review Workshop
  • RECRUIT
    • -Recruiting Services (FOR EMPLOYERS)
    • -Job Search Resources
    • Find Loan Processor Jobs
    • Find Underwriter Jobs
    • Find FHA/VA Jobs
    • Find Misc. Mortgage Jobs
    • Contract Processor Directory
  • LIBRARY
    • **Featured NAMP Articles
    • Forum (For Processors)
    • Forum (For Underwriters)
  • ABOUT
    • WHO WE ARE
    • CONTACT US
    • MEMBER DIRECTORY
    • Membership Benefits
    • JOIN NAMP NOW
    • REFUND POLICY
    • ADVISORY BOARD
    • CODE OF ETHICS
    • PRESS ROOM
    • CERTIFICATION
    • COURSES
    • TRID EXPLAINED
    • Contract Processor List
    • FORUMS
    • LIBRARY
  • Presidential Circle
    4000 Hollywood Blvd.
    Suite 555-South
    Hollywood, FL 33021
  • (800)865-8550
  • 1-800-865-8550
  • (954)323-7518
  • [email protected]
  • Home
  • About Us
  • Shopping Cart
  • Sign In
  • Register
  • Contact Us

Cookies are disabled. In order to shop on this Web store, you must have cookies enabled.

For instructions on how to enable cookies, please see the help section of your browser. Once cookies are enabled please refresh the current page.

FHA DE Underwriter – “Direct Endorsement”

Need Help? Call us today toll-free at 1-800-865-8550 Press 1

COURSE DESCRIPTION:

This instructor-led, 3-hour online training webinar is designed for any mortgage professional seeking formal instruction on the path to earning the Federal Housing Administration’s Direct Endorsement. This introductory course provides vital information regarding how to prepare for DE sponsorship. Learn FHA specific guidelines for credit, income, asset, and appraisal review.

** Important Notice : This class will not provide you with a CHUMS #. You will still need to get sponsored by a lender in order to become a FHA DE Underwriter.

COURSE OUTLINE:

  • Introduction to FHA
  • FHA Programs
  • FHA Direct Endorsement
  • Automated Underwriting
  • Manual Underwriting
  • FHA Forms
  • FHA Calculations
  • Credit Analysis
  • Income Analysis
  • Debt-to-Income Ratios
  • Asset Analysis
  • Appraisal Forms
  • FHA Resources
  • Practice Quiz

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

COURSE FORMAT:

  • Course Length: 3 Hours
  • Instructor-Led Online Webinar
  • Duration: 24/7 Access for 1-Year
  • All Course Materials are Downloaded as PDF Files
  • Certificate of Completion Downloaded as a PDF File

WHO SHOULD ATTEND:

Aspiring mortgage processors & underwriters wishing to learn the FHA Direct Endorsement (DE Underwriter) steps, from A to Z. Whether you’re unemployed and looking to enter the mortgage processing profession, or you’re currently working at a bank or lender as a loan processor, this mortgage underwriter training program will provide the skills you need to succeed as an effective FHA DE Underwriter.

HOW IT WORKS:

As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.

ABOUT THE INSTRUCTOR:

Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.

SYSTEM REQUIREMENTS:

You will need the following: 1) a Computer, 2) Internet (DSL or higher) and 3) Computer Speakers. Please check beforehand to make sure these items are working properly. Note: dial-up internet connection will not work and wireless internet must have a full signal.

GRADUATION:

Upon successful completion of this course, you will be able to download & save your Certificate of Completion as a PDF file.

JOB SEARCH RESOURCES:

Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing a CampusMortgage® training webinar. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Please note: The Job Search Resources are not to be considered job placement assistance as we view that as a conflict of interest.

REFUND POLICY & TERMS OF USE:

Before purchasing any NAMU®/NAMP® certification program or CampusMortgage® training class, we recommend you thoroughly read our Refund Policy & Terms of Use .

Need Help? Call us today toll-free at 1-800-865-8550 Press 1

How to become a de certified underwriter

Among the career paths in insurance, insurance underwriters analyze insurance applications to determine whether they should be accepted or rejected. Insurance underwriters may be employed by insurance companies or by independent insurance brokerage firms. While they normally fill a back-office role in support of insurance sales agents, they sometimes accompany the agents on sales calls to clients or prospective clients.

Job Openings ​​

Available insurance underwriting positions can be found on various job websites such as Glassdoor, Indeed, and CareerBuilder. In addition, insurance companies may post job openings directly on their company website.

Education

To become an insurance underwriter, you must have a bachelor’s degree. Any coursework in business, finance or accounting can be helpful, but is not required. A high degree of computer literacy is important, as the position involves performing data analysis, which is commonly computerized. A Master of Business Administration degree can be a useful credential, depending on the firm.

Certification ​

Entry-level jobs usually require no special training or certification. However, obtaining some formal certification often is important to advance in the field. The Insurance Institute of America (IIA) and the American Institute for Chartered Property Casualty Underwriters (AICPCU) are the leaders in insurance underwriting training and certification.

The most respected credential that they offer is Chartered Property and Casualty Underwriter (CPCU). It requires passing eight out of 11 courses and having at least three years of relevant insurance industry experience. The CPCU is awarded either in commercial or in personal insurance.

Job Responsibilities

Depending on the type of insurance being requested, insurance underwriters may conduct independent investigations of applicants, such as credit or background checks. Also, if property insurance is sought, insurance underwriters may need to enlist the help of professional appraisers.​

Actuaries assess risk at a macro level, determining the proper premiums and policy terms for broad categories of individuals and properties. Insurance underwriters work at a micro level, analyzing specific applications for insurance, and setting the specific policy terms and conditions for each that they accept, within guidelines set by the insurance carriers. Among these terms and conditions is the premium to be paid by the insured.

Typical Schedule

The majority of insurance underwriters work close to a standard 40-hour week, normally from fixed office locations. However, some insurance underwriting jobs require varying degrees of travel, such as those related to the insuring of workplaces, construction sites, and ships. In these cases, the insurance underwriter usually must inspect the venue to assess the risk.

Advantages and Disadvantages

Insurance underwriting will appeal to analytical people. It also can lead to opportunities in general management within the insurance industry. However, in some specialties, such as writing various lines of personal insurance, where you process data in a fixed office location, the job can become mechanical and repetitive.

Salary Range ​​

The median annual compensation for an insurance underwriter is $54,803 according to January 2019 data, with the top 10 percent earning $85,000.

Share

How to become a de certified underwriterAt some point in your career − maybe even during a job interview − many in the mortgage lending industry have been asked: Are you a DE underwriter? Do you have a CHUMS number? What is your DE number? Essentially, these are all variations of the same question.

In 1996, HUD/FHA delegated the responsibility of approving underwriters to process loans under the Direct Endorsement (DE) program to approved lenders. Previously, each of HUD’s 81 Field Offices retained that authority. Later in 1996, HUD began the process of consolidating all of its single family loan origination operations from the 81 Field Offices into the current four Homeownership Centers (Philadelphia, Atlanta, Denver and Santa Ana) – with a Headquarters office in Washington D.C.

The need became apparent to HUD that delegating the responsibility to approved lenders of “Registering” underwriters, who met the established education and experience criteria for such a position, was in everyone’s best interest. As a result, each FHA approved lender must now register their underwriters using the Underwriter Registry function in FHA Connection.

If a qualified individual has never before obtained their “Direct Endorsement” (DE) or CHUMS (HUD’s computerized system) number – an FHA approved lender will now register them and obtain their “DE number” for them.

It is important to note that, once this DE number has been assigned to an individual, their number will remain with them their entire career – even if they terminate employment with the Firm that registered them.

The one big drawback to this current system is that an interested and qualified person cannot obtain their “FHA approval” or “DE number” as an underwriter unless they work for an FHA approved lender.

For example, if someone currently works for a Quality Control Firm or a lender that is not FHA approved and has many years of conventional underwriting experience – they would not be able to obtain their “DE or FHA Approval” unless they resigned their position and went to work for an FHA approved lender who then could register them and obtain their DE number for them. In fact, I know several underwriters who changed jobs for this very reason.

Perhaps HUD will modify this policy in the future to allow prospective DE underwriters to obtain their approval directly from one of the four HUD Homeownership Centers? Just a thought!

Stay tuned for my next Blog Post on what steps FHA-approved lenders must take when hiring underwriters or when current underwriting staff resign or are terminated.

Mortgage Processing Training Classes, Underwriter Education, FHA DE Underwriter Classes

  • Mailing Address:
    Presidential Circle
    4000 Hollywood Blvd.
    Suite 555-South
    Hollywood, FL 33021
  • (800) 423-1510
  • (954)323-7507
  • (fax) (954)323-7512
  • [email protected]
  • Home
  • About Us
  • Contact Us
  • Refund Policy
  • Shopping Cart
  • Help

Cookies are disabled. In order to shop on this Web store, you must have cookies enabled.

For instructions on how to enable cookies, please see the help section of your browser. Once cookies are enabled please refresh the current page.

DE Underwriting (PREP PACKAGE)

Need Help? Call us today toll-free at 1-800-423-1510 Press 1

Start by first learning what’s involved in becoming an FHA DE Underwriter today with our “professional development” DE Underwriting (PREP PACKAGE). With an average of 15+ years of experience, each mortgage underwriter instructor draws upon a deep FHA underwriting knowledge base to provide aspiring FHA DE Underwriters with a hands-on online interactive learning experience.

DE PREP PACKAGE INCLUDES:

Certified FHA Manual Underwriter (NAMU®-CFMU) Certification:

  • Due Diligence – “Learn Manual Underwriting”
  • Case File Underwriting Review – “FHA/VA Loans”
  • FHA/VA Underwriting – “For Underwriters”
  • Multi-Family Underwriting & Processing – “FHA/VA Loans”

Also Includes:

  • Mortgage Underwriter 101 – “The Essentials”
  • Adv. Underwriting – “Real World Lessons”
  • FHA DE Underwriting – “Direct Endorsement” – No CHUMS # Provided
  • Tax Return Analysis Workshop -“Examine Self-Employed Borrowers”

COURSE FORMAT:

  • Instructor-Led Online Webinar
  • All Course Materials are Downloaded as PDF Files
  • Duration: 24/7 Access for 1-Year
  • Certificates of Completion Downloaded as a PDF File
  • Includes the NAMU®-CFMU Certification

Earning a NAMU®-CFMU Certification through NAMU® means you have:

  • Completed (4) training classes through CampusUnderwriter®.
  • Passed a 30-Question Online Proctored Exam (via Webcam) with 80% or Higher.
  • Passed a Background Check (via a secure online portal).
  • Agree to Maintain the Highest Ethical & Professional Standards.

WHO SHOULD ATTEND:

Aspiring mortgage processors & underwriters wishing to learn the steps involved to become a FHA DE underwriter, from A to Z. Whether you’re unemployed and looking to enter the mortgage underwriting profession, or you’re currently working at a bank or lender as an underwriter, this FHA DE underwriter training program will provide the skills you need to succeed as an effective mortgage underwriter. Also ideal for underwriting managers looking to train their existing staff on proven underwriting principles.

HOW IT WORKS:

As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.

ABOUT THE INSTRUCTORS:

Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.

JOB SEARCH RESOURCES:

Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing a CampusMortgage® training webinar. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Please note: The Job Search Resources are not to be considered job placement assistance as we view that as a conflict of interest.

SYSTEM REQUIREMENTS:

You will need the following: 1) a Computer, 2) Internet (DSL or higher), 3) Computer Speakers and 4) Webcam/Microphone. Please check beforehand to make sure these items are working properly. Note: dial-up internet connection will not work and wireless internet must have a full signal.

EXAM FORMAT:

The exam is a timed 1-hour open-book online “proctored” (via WebCam) 30-question exam (multiple choice/true & false). You must get 85% or higher to pass exam. NOTE: You may also re-take the exam up to 3 times with a 2-week “cooling off” period in between each failed exam.

GRADUATION:

Upon successful completion of each online webinar, you will be emailed a Certificate of Completion. In addition, once you’ve passed the background check & exam, you will be issued your NAMU®-CFMU certificate as a PDF File.

YEARLY NAMU®-CFMU RE-CERTIFICATION:

You must re-certify yearly to keep NAMU®-CFMU Certification active. And as such, you will have the option each year to renew your NAMU®-CFMU certification. If you choose to do so, a $299 re-certification charge will apply each year; at which time, you will be required to take a new exam and pass a new criminal/sex offender background check via a third-party provider.The $299 re-certification charge will provide you with an additional year of access to the course materials as well as the online training. You’ll also have an additional year to ask questions directly to the instructors.

IMPORTANT NOTICE:

This DE Prep Package will NOT provide you with a CHUMS #. You will still need to get sponsored by a lender in order to become a FHA DE Underwriter.

REFUND POLICY & TERMS OF USE: Before purchasing any CampusMortgage® training class or NAMP®/NAMU® certification program, we recommend you thoroughly read our Refund Policy & Terms of Use.

Need Help? Call us today toll-free at 1-800-423-1510 Press 1

How To Become A Mortgage Loan Underwriter With Our Mortgage Underwriter Training Courses

What Is A Mortgage Underwriter – And What Do They Do?

An underwriter is a financial professional who reviews the finances of loan applicants to assess how much risk a lender will take on if they decide to give you a loan. In other words, the underwriter’s job is to asses the risk of loan re-payment.

What Is Mortgage Underwriting?

Underwriting is the mortgage lender’s process of assessing the risk of lending money to an applicant. This involves reviewing the applicant’s income and expenses, investments, credit history, and other factors. This process includes a review of the applicant’s:

  • Job / Income / W-2 forms
  • Expenses
  • Credit Report / Credit ScoreHow to become a de certified underwriter
  • Bank statements
  • Tax returns
  • Property Appraisal
  • Maximum loan-to-value (LTV) ratio
  • Maximum debt-to-income (DTI) ratio
  • Genesis of funds
  • Financial reserves
  • If collateral is needed

If the loan is approved, the underwriter then makes sure all the required documents are complete and accurate so the loan can be “closed”.
How to become a de certified underwriter
Things To Tell Potential Clients

Below are a couple of things that can improve an applicant’s chances of getting a loan:

  • Show consistent employment – don’t switch jobs!
  • Don’t do anything that could lower a credit score – such as opening new charge cards or making large purchases
  • Pay off debts – and don’t do anything that will increase debts

Recommended Training Courses For How To Become An Underwriter

Recommended Training Courses:

  • Mortgage Underwriter 101 – The Essentials
  • Underwriter Boot Camp
  • FHA/VA Underwriting For Underwriters
  • LAPP/SAR Underwriter Training
  • Certified Commercial Underwriter
  • Certified Mortgage Underwriter

Recommendations For Taking Your Mortgage Underwriting Courses

  • Option 1: Start With A Basic Mortgage Underwriter Training Course
    Mortgage loan underwriting is a complex process. A mortgage underwriter must analyze a potential borrower’s income, assets, liabilities, and other factors to determine if the potential borrower not only meets the requirements for a mortgage, but has a low risk of re-paying the loan. Our mortgage underwriter training courses will help you learn to access risk and ensure a potential borrower meets all of their requirements for a loan.
  • Option 2: Earn A Mortgage Underwriter Certification!
    You can earn a mortgage underwriter certification by completing the “Certified Mortgage Underwriter” course, passing the affiliated exam, and passing the criminal background check. This course covers:

  • Basic and advanced mortgage underwriting issues
  • Training for Conventional, FHA, and VA underwriting
  • An overview of TILA, RESPA, Red Flag, and other Fair Lending laws
  • Details on due diligence
  • How to analyze appraisals and tax returns
  • Steps for calculating Income, DTI, And LTV

Research what it takes to become a bank underwriter. Learn about job duties, education requirements, licensure and certification requirements to find out if this is the career for you.

What Does a Bank Underwriter Do?

Bank underwriters (including those who work with loans) help banks manage lending risks to remain profitable. As an underwriter, they go over the agreements in a loan to make sure that all federal and state regulations are complied with during the loan process. They will also investigate the credit and income history of an applicant to verify information submitted on an application. Bank underwriters will also go over the various kinds of loans that might be available to a potential applicant and help them decide which is the best option.

Take a look at the following chart for an overview of how to enter this field.

Degree Required Bachelor’s degree, master’s degree to improve job prospects
Education Field of Study Business administration, accounting, economics, finance
Other Requirements Licensure typically required, internship and certification recommended
Key Responsibilities As a loan underwriter you would evaluate clients’ credit worthiness and conduct risk assessments and financial analysis to determine loan eligibility; as an investment banker you may buy and sell stocks to third parties and work with others to determine marketplace demand and pricing
Job Growth (2018-2028) 8% growth (for all loan officers)*
4% growth (for all securities, commodities, and financial services sales agents)*
Median Salary (2018) $64,932 (mortgage loan underwriters)**
$48,669 (consumer loan underwriters)**
$99,143 (investment bankers)**

Sources: *U.S. Bureau of Labor Statistics, **PayScale.com

What is a Bank Underwriter?

A bank underwriter is a financial professional who evaluates clients’ credit worthiness, repayment ability and lending risk to determine if a loan should be granted. Individuals working in investment banking buy company bonds and sell them to third parties for profit. According to the U.S. Bureau of Labor Statistics (BLS), bank underwriters generally have a bachelor’s degree in a business major (www.bls.gov).

Step 1: Learn Bank Underwriter Duties

A bank underwriter may be a type of loan officer whose job is to evaluate the creditworthiness of a client or business. In this position, you may conduct risk assessments and financial analysis by reviewing a borrower’s financial statements, salary and employment history to determine their ability to repay a loan. As an underwriter, you may work for an investment firm that buys and sells stocks or bonds on behalf of other companies. In this role, you may meet with clients, traders and securities sales representative to determine marketplace demand and pricing.

Step 2: Earn Your Degree

According to the BLS, most banking underwriters have at least a bachelor’s degree in a business administration, accounting, economics or finance. You may also seek jobs this field by completing a liberal arts degree program that consists of business administration courses. If you want to improve your career opportunity, you may want to consider a Master of Business Administration Degree with a concentration in corporate finance or investment banking. A graduate degree program will teach you more about underwriting principles such as fixed income and derivatives, risk management and securities analysis.

Step 3: Seek an Internship

According to the BLS, completing an internship program may be helpful in a career involving investment banking and securities dealing. Many interns work in an analyst position, assisting with loan underwriting, analyzing client needs and monitoring loan agreements.

Step 4: Obtain Your License

As a banking underwriter, you may function as a securities dealer who trades investment products such as stocks and bonds. Trading investment products requires you have a federal license as a registered securities agent at your firm.

Some of the licenses that are common include the Series 7 (general securities representative) and Series 66 (investment advisor) licenses. These exams are offered by the Financial Industry Regulatory Authority (FINRA). Typically, you’ll need to complete at least four months of work at your firm to be eligible to take these exams.

Step 5: Gain Certification

There are various certifications offered for bank underwriters. You may want to consider the Certified Risk Professional (CRP) designation offered by the Banking Administration Institute (BAI) and the Certified Residential Underwriter (CRU) credential offered by the Mortgage Bankers Association.

To be eligible for the CRP exam, you must have pertinent work experience and education. Earning the CRU credential requires at least four years of industry experience and completion of the Residential Underwriter Achievement Certificate and Residential Underwriter Professional Certificate prerequisite programs.

What Are Some Related Alternative Careers?

Those with a bachelor’s degree might look into a career as a financial analyst, where they can provide direct advice to people and businesses when deciding where to make investments. Financial examiners are the fact-checkers of the industry, making sure that all laws are followed when transactions are made. There are also financial managers, who develop financial goals and are in charge of the financial well-being of their organization.

Share

How to become a de certified underwriterAt some point in your career − maybe even during a job interview − many in the mortgage lending industry have been asked: Are you a DE underwriter? Do you have a CHUMS number? What is your DE number? Essentially, these are all variations of the same question.

In 1996, HUD/FHA delegated the responsibility of approving underwriters to process loans under the Direct Endorsement (DE) program to approved lenders. Previously, each of HUD’s 81 Field Offices retained that authority. Later in 1996, HUD began the process of consolidating all of its single family loan origination operations from the 81 Field Offices into the current four Homeownership Centers (Philadelphia, Atlanta, Denver and Santa Ana) – with a Headquarters office in Washington D.C.

The need became apparent to HUD that delegating the responsibility to approved lenders of “Registering” underwriters, who met the established education and experience criteria for such a position, was in everyone’s best interest. As a result, each FHA approved lender must now register their underwriters using the Underwriter Registry function in FHA Connection.

If a qualified individual has never before obtained their “Direct Endorsement” (DE) or CHUMS (HUD’s computerized system) number – an FHA approved lender will now register them and obtain their “DE number” for them.

It is important to note that, once this DE number has been assigned to an individual, their number will remain with them their entire career – even if they terminate employment with the Firm that registered them.

The one big drawback to this current system is that an interested and qualified person cannot obtain their “FHA approval” or “DE number” as an underwriter unless they work for an FHA approved lender.

For example, if someone currently works for a Quality Control Firm or a lender that is not FHA approved and has many years of conventional underwriting experience – they would not be able to obtain their “DE or FHA Approval” unless they resigned their position and went to work for an FHA approved lender who then could register them and obtain their DE number for them. In fact, I know several underwriters who changed jobs for this very reason.

Perhaps HUD will modify this policy in the future to allow prospective DE underwriters to obtain their approval directly from one of the four HUD Homeownership Centers? Just a thought!

Stay tuned for my next Blog Post on what steps FHA-approved lenders must take when hiring underwriters or when current underwriting staff resign or are terminated.

Mortgage Processing Training Classes, Underwriter Education, FHA DE Underwriter Classes

  • Mailing Address:
    Presidential Circle
    4000 Hollywood Blvd.
    Suite 555-South
    Hollywood, FL 33021
  • (800) 423-1510
  • (954)323-7507
  • (fax) (954)323-7512
  • [email protected]
  • Home
  • About Us
  • Contact Us
  • Refund Policy
  • Shopping Cart
  • Help

Cookies are disabled. In order to shop on this Web store, you must have cookies enabled.

For instructions on how to enable cookies, please see the help section of your browser. Once cookies are enabled please refresh the current page.

DE Underwriting (PREP PACKAGE)

Need Help? Call us today toll-free at 1-800-423-1510 Press 1

Start by first learning what’s involved in becoming an FHA DE Underwriter today with our “professional development” DE Underwriting (PREP PACKAGE). With an average of 15+ years of experience, each mortgage underwriter instructor draws upon a deep FHA underwriting knowledge base to provide aspiring FHA DE Underwriters with a hands-on online interactive learning experience.

DE PREP PACKAGE INCLUDES:

Certified FHA Manual Underwriter (NAMU®-CFMU) Certification:

  • Due Diligence – “Learn Manual Underwriting”
  • Case File Underwriting Review – “FHA/VA Loans”
  • FHA/VA Underwriting – “For Underwriters”
  • Multi-Family Underwriting & Processing – “FHA/VA Loans”

Also Includes:

  • Mortgage Underwriter 101 – “The Essentials”
  • Adv. Underwriting – “Real World Lessons”
  • FHA DE Underwriting – “Direct Endorsement” – No CHUMS # Provided
  • Tax Return Analysis Workshop -“Examine Self-Employed Borrowers”

COURSE FORMAT:

  • Instructor-Led Online Webinar
  • All Course Materials are Downloaded as PDF Files
  • Duration: 24/7 Access for 1-Year
  • Certificates of Completion Downloaded as a PDF File
  • Includes the NAMU®-CFMU Certification

Earning a NAMU®-CFMU Certification through NAMU® means you have:

  • Completed (4) training classes through CampusUnderwriter®.
  • Passed a 30-Question Online Proctored Exam (via Webcam) with 80% or Higher.
  • Passed a Background Check (via a secure online portal).
  • Agree to Maintain the Highest Ethical & Professional Standards.

WHO SHOULD ATTEND:

Aspiring mortgage processors & underwriters wishing to learn the steps involved to become a FHA DE underwriter, from A to Z. Whether you’re unemployed and looking to enter the mortgage underwriting profession, or you’re currently working at a bank or lender as an underwriter, this FHA DE underwriter training program will provide the skills you need to succeed as an effective mortgage underwriter. Also ideal for underwriting managers looking to train their existing staff on proven underwriting principles.

HOW IT WORKS:

As soon as you enroll, we will e-mail you links and passwords to access the Instructor-Led Online Webinar & Course Materials, so you can start taking the training IMMEDIATELY.

ABOUT THE INSTRUCTORS:

Each CampusMortgage® instructor has an average of 15+ years of prior mortgage related experience. Each instructor also draws from a different knowledge base that may include such areas as: mortgage underwriting, loan processing, FHA, VA, Conventional loans, Commercial lending, USDA Rural Housing Loans and more.

JOB SEARCH RESOURCES:

Upon request, we can provide you with Job Search Resources which are simply considered a value added benefit of purchasing a CampusMortgage® training webinar. The Job Search Resources will be emailed to you as a PDF file, and contain various links to help in your job search process. These links include: mortgage industry networking sites, job posting sites, resume builder sites and more. Please note: The Job Search Resources are not to be considered job placement assistance as we view that as a conflict of interest.

SYSTEM REQUIREMENTS:

You will need the following: 1) a Computer, 2) Internet (DSL or higher), 3) Computer Speakers and 4) Webcam/Microphone. Please check beforehand to make sure these items are working properly. Note: dial-up internet connection will not work and wireless internet must have a full signal.

EXAM FORMAT:

The exam is a timed 1-hour open-book online “proctored” (via WebCam) 30-question exam (multiple choice/true & false). You must get 85% or higher to pass exam. NOTE: You may also re-take the exam up to 3 times with a 2-week “cooling off” period in between each failed exam.

GRADUATION:

Upon successful completion of each online webinar, you will be emailed a Certificate of Completion. In addition, once you’ve passed the background check & exam, you will be issued your NAMU®-CFMU certificate as a PDF File.

YEARLY NAMU®-CFMU RE-CERTIFICATION:

You must re-certify yearly to keep NAMU®-CFMU Certification active. And as such, you will have the option each year to renew your NAMU®-CFMU certification. If you choose to do so, a $299 re-certification charge will apply each year; at which time, you will be required to take a new exam and pass a new criminal/sex offender background check via a third-party provider.The $299 re-certification charge will provide you with an additional year of access to the course materials as well as the online training. You’ll also have an additional year to ask questions directly to the instructors.

IMPORTANT NOTICE:

This DE Prep Package will NOT provide you with a CHUMS #. You will still need to get sponsored by a lender in order to become a FHA DE Underwriter.

REFUND POLICY & TERMS OF USE: Before purchasing any CampusMortgage® training class or NAMP®/NAMU® certification program, we recommend you thoroughly read our Refund Policy & Terms of Use.

Need Help? Call us today toll-free at 1-800-423-1510 Press 1