FHA Manual Credit Underwriting Online

FHA offers flexibility in many ways, including the ability to manually underwrite certain mortgage loan files. Manual underwriting applies to loans that HUD requires to be manually underwritten, loans that receive a Refer in TOTAL Scorecard, and loans that receive an Approve/Accept and must be downgraded to a Refer and manual underwritten. 

Diehl’s FHA Manual Credit Underwriting Online Course is a five-module course that covers the credit underwriting guidelines that apply to manually underwritten loans. The course itself takes an average of three hours to complete and a completion certificate is provided upon successful completion of the course.

Topics covered:

• Loans That Require Manual Underwriting
• Credit and Debts, including Non-Traditional Credit
• Income and Employment
• Assets and Funds to Close
• Maximum Debt to Income Ratios and Compensating Factors
• Reserve Requirements

Please note that the guidelines for manually underwritten loans are also included as part of the full 12-hour FHA Underwriting, Processing and Origination Course.