Certified FHA Manual Underwriter (NAMU®-CFMU)

  

 

** PRE-BLACK FRIDAY SALE **

Get an Alexa Echo when you purchase the Certified FHA Manual Underwriter (NAMU®-CFMU) program. PLUS, enroll today & also get (2) additional $395 classes at NO extra cost.

 

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

 

The Federal Housing Administration (FHA) back in 2014 issued new guidelines for lenders who manually underwrite FHA-backed mortgage loans. The new underwriting requirements are intended to encourage lenders to use what FHA described as a defined set of objective standards and compensating factors to make responsible, risk-based underwriting decisions. The Agency said the new rules should also increase the pool of eligible borrowers. Most FHA-insured loans are approved through automated underwriting systems that score applications using FHA's TOTAL Mortgage Scorecard. However, when a "refer" is issued or when borrowers were not scored because they do not have credit scores, manual underwriting will allow the use of compensating factors to help borrowers qualify for loans outside of automated standards -- placing a greater emphasis on the need to learn how to manual underwrite FHA files.

In response to these new guidelines, NAMU®'s training division, CampusUnderwriter® offers a comprehensive "professional development" training & certification program entitled: Certified FHA Manual Underwriter (NAMU®-CFMU), which includes (21) hours of online FHA manual underwriter training. 

 

NAMU®-CFMU Certification Includes (4) Online Webinars:

  • Due Diligence - "Learn Manual Underwriting" (6-HOUR WEBINAR)
  • Case File Underwriting Review - "FHA/VA Loans" (6-HOUR WEBINAR)
  • FHA/VA Underwriting - "For Underwriters" (6-HOUR WEBINAR)
  • FHA New Rules - "A Complete Review of the Guideline Changes" (3-HOUR WEBINAR)

 

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

  • Completed 21 Hours of Online Training.
  • Passed a 30-Question Online "Proctored" Exam (via Webcam) with 80% or Higher.
  • Passed a Background Check (via a 3rd-party secure online portal).
  • Agree to Maintain the Highest Ethical & Professional Standards.

 

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.

 

WHO SHOULD ATTEND: 

Aspiring mortgage underwriters wishing to learn FHA manual underwriting, 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 manual underwriting certification program will provide the skills you need to succeed as an effective FHA manual underwriter. Also ideal for underwriting managers looking to train their existing staff on proven FHA manual underwriting principles.

 

ABOUT THE INSTRUCTORS:

Each instructor has an average of 15+ years of prior mortgage underwriter experience, and is very experienced in mortgage underwriting loans nationwide: FHA, VA, Conventional, Commercial, USDA Rural Housing Loans and more. 

 

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 80% 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. If you fail the NAMU®-CFMU exam three times, you must wait 1 year before you can re-register for the NAMU®-CFMU certification -- the 1-year waiting period will start from the date of the third 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 updated course materials as well the (21) hours of online training. You’ll also have an additional year to ask questions directly to the instructors. 

 

REFUND POLICY & TERMS OF USE:

Before purchasing any NAMU® certification program, we recommend you thoroughly read our Refund Policy & Terms of Use.

 

PRE-BLACK FRIDAY PROMO:

Get an Alexa Echo when you purchase the Certified FHA Manual Underwriter (NAMU®-CFMU) program. PLUS, enroll today & also get (2) additional $395 classes at NO extra cost. 

 

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

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