FHA Direct Endorsement Underwriting ( Updated November 2018)
Capstone Institute is the only school who has always offered a 100% satisfaction guaranty on its training courses.
If you’re looking for the best and most respected FHA underwriting program in the United States, you’re at the right place.
Your instructor for this underwriter training is Kathy Lewis, the President and Founder of Capstone Institute since 1986.
For those of you who are relatively new to FHA Direct Endorsement training, Kathy was actually the first person that offered FHA DE underwriting training outside of the FHA homeownership centers.
Since 1986 Kathy has personally trained over 23 ,821 FHA Underwriters, not to mention thousands of conventional underwriters, processors and loan originators.
As her expertise and reputation grew, the Dept. of HUD requested Kathy to travel nationally to their four homeownership centers and assist in refresher and on boarding training of their staff members.
View a short and condensed history of Capstone Institute
About Capstone FHA Direct Endorsement Training
The course is offered in a video format that is a recording of a live FHA DE webinar. There are 6 lessons, with each lesson covering about 2 hours of training, for a total of 12 hours, plus an hour for your 85 question final competency test.
Upon registering for the training you’ll be asked to submit your user name and password to access your training. You’ll have full access to your training for 90 days. This course includes your hard bound, printed FHA DE training manual, with your 6 case studies.
Please allow 3 to 5 days for your books and case studies to be shipped to you by FedEx.
Private training webinars are available to groups of 10 or more. Call Us!
Video Training Versus Live Webinars & Support During And After Training
Do you remember in school during a scheduled 2 hour seminar how much you really remembered after it was over?
Nothing has changed since you were at school! Most people are lucky if they retain 20% of what was covered in that class. But with our video training format, you have the ability to review everything you need during your training period.
What About Asking Questions?
It’s true that you can’t ask Kathy questions while you are watching her online. But you do have 2 options.
1st: You can write her an email and send her your questions. Every morning Kathy answers question from students, and questions from past students from years ago. That’s right; if you ever attended a class at Capstone Institute, Kathy will always help you with those weird loan files that has everyone in your office scratching their heads.
2nd: Pick up the phone and call us here at Capstone Institute.
Testing and Certification of Completions.
At the conclusion of your training, you’ll have the opportunity to take your final 85 question competency test, which requires a passing score of 90% to receive your certificate of completion. Yes we do allow you to retake your test if you don’t pass the first time.
What’s the difference between a Certified Underwriter and just having a certification of completion?
We have been asked by numerous people over the years why we only offer a completion certificate instead of a certification.
That’s because there’s NO SUCH THING AS A CERTIFIED UNDERWRITER.
To the best of our 33 years of training expertise, we know of no government agency, Fannie, Freddie or by the NAMB the National Association of Mortgage Bankers that acknowledges any certification for underwriters. We know there are companies out there whose name says they are an association of this or of that, and your get a certification with their name on it.
The designation of ” Certified FHA Direct Endorsement Underwriter“designation, is a marketing sales tool and is meaningless within our industry
THERE’S NO SUCH THING AS A CERTIFIED UNDERWRITER RECOGNIZED BY
ANY GOVERNMENT AGENCY, FANNIE, FREDDIE OR LENDER
Taking our training is almost like being in the classroom with Kathy Lewis
View the beginning of this training as Kathy describes the requirements, duties and responsibilities of a Direct Endorsement Underwriter
So what’s covered in our FHA DE underwriting training?
Other schools offer you bullet points that skim over the high points of their training. But Kathy wants you to see everything you’ll be exposed to. All changes in the the new HUD Handbook 4000.1 are included.
Kathy doesn’t miss anything!
About Your Practice Exercises And Case Studies
During your training Kathy is going to walk you through page by page of each case study and exercises, and don’t forget about the Forms & Checklists. They’re going to be invaluable to you when reviewing the loans for your approval , and super for staying compliant with current guidelines and rules.
#1 Underwriting The FHA Appraisal
#2 Underwriting The Credit
#3 Completing A Schedule Of Real Estate Owned
#4 Performing A Technical Review
#5 Underwriting A FHA Streaming Line Refinance
#6 Forms Pack & Submission Check Lists
Who should take this training?
This Training Is Designed For:
*FHA Underwriters returning to Lending
*Experienced FHA Processors
*Experienced FHA Loan Closer
*Regional Sales Managers & Branch Managers:
FHA Underwriters returning to Lending:
You are in demand if you have your CHUMS number. but you’ll need to get current on all the guideline changes and rule changes, especially since the publishing of the new HUD 4000.1 Handbook.
There’s lots of changes, and Kathy has already gone through them for issues that concern single family lending.
EXPERIENCED CONVENTIONAL UNDERWRITERS:
If you’re an experienced conventional underwriter and expanding your skills to include FHA, you’re going to love this course. Kathy has held both positions of Conventional and DE underwriter and understands what new skills you’ll need to expand to become a competent DE underwriter.
EXPERIENCED FHA PROCESSORS:
If you’re an experienced FHA processor (3 to 5 yrs) then you’re also ready for this training. Capstone has hundreds of testimonial letters since 1986 from new FHA underwriters or their managers thanking Kathy for helping them submit their first 15 test cases and receiving approval on all of them first time.
CONVENTIONAL LOAN PROCESSORS:
Are you a strong conventional loan processor but have limited or no FHA processing experience Not to worry! If this is the case, we recommend you take our FHA origination & processing training prior to taking the FHA DE training.
We’ll also help by offering you a $95.00 discount when taking them together within 90 days. You’ll save money and time by doing it this way.
Our FHA origination and processing training is 8 hrs. Our FHA DE training is 12 hours. That’s 20 hours of training at your disposal for 90 days each.
As a Branch manager, your time spent monitoring the quality of your loan applications is directly correlated to how many loans you’ll close the next month. Sure, it’s great to have a big pipeline, but only if the loans don’t get kicked back and do eventually close. And how about those loans that were denied? How many other loans could your processor have submitted and closed if you had foreseen the problems in the beginning?