Diehl offers courses for mortgage professionals in FHA, VA, USDA and several specialty courses specific to those loan products. Our courses are updated as soon as new announcements of changes are made. Diehl will help you to understand the guidelines and how changes impact the guidelines.
How to Become an FHA DE Underwriter?
As experts in FHA training, we often get the question, “How Do I Become a DE Underwriter?” Generally, the profession is part skill, part ability, part glutton for punishment and requires support from a sponsoring lender. The best way to get there is with excellent upfront and ongoing training. Diehl is known for offering "Best in Class" training by developing and updating information with the help of our experienced DE trainers.
An FHA Direct Endorsement (DE) Underwriter is responsbile for underwriting guidelines issued by FHA and interpreting investor guidelines in order to make the credit decision.
Tools like the FHA TOTAL Scorecard are important resources but do not replace understanding risk layering, interpreting the guidelines and critical decision making skills.
Steps for DE Underwriter Eligibility from FHA's 4000.1 I.B.3.b.
- 3 or more years full-time experience reviewing credit applications and 1-4 unit property appraisals, within the past 5 years OR
- At least 2 years full-time experience reviewing credit applications and 1-4 unit property appraisals, within the past 3 years combined with an additional 3 years of such full-time employment in the past ten years AND
- Be a full-time employee of a single lender AND be authorized to bind the lender in matters involved in origination or mortgages