VA Underwriting, Processing and Origination Training
It’s essential to understand the ins and outs of your industry. Whether you’re working with Conventional, FHA, USDA, or VA (Department of Veterans Affairs) loans, it’s crucial to have a breadth of knowledge in your toolbelt. One way to become more knowledgeable is to complete our VA Underwriting, Processing and Origination Training.
How the class will help YOU.
The course will provide you with in-depth training on Underwriting, Processing and Originating VA loans. The course is current and up to date and provides you with VA guidelines that many times cannot be found in the handbook and require searching years of Circulars to find current information.
Trainer Information
Diehl utilizes experienced professionals that are experts at the subject matter with deep management and training skills. They have performed the jobs, held senior management positions and served various leadership roles. Diehl is active in the National Mortgage Bankers Association (MBA) and stays connected with the agencies to remain up to date on current and future changes. Lenders clients range from national players both bank and non-bank to community banks and credit unions.
How Long Does it Take to Become a VA Mortgage Underwriter?
Underwriters for Supervised Lenders do not need to be approved by VA. If you work for a Non-Supervised Lender, VA requires at least three years of experience in loan underwriting, pre-underwriting or processing, with at least one of those years spent making underwriting decisions for VA loans. Without the one year of VA underwriting decision experience, you must be certified by the Mortgage Bankers Association (MBA) as a Certified Review Underwriter (CRU) or Accredited Mortgage Professional (AMP).
VA Training Products
The VA Underwriting, Processing and Origination Live Webinar Course is offered on a quarterly basis as an 8-hour live webinar presented in two 4-hour segments. The webinars are hosted by a professional instructor with 35 years of industry experience. A pre-recorded online course is also available for those who wish to train on your own schedule. Private webinars and on-site live trainings are also available for your team.
Topics Discussed:
- Loan Characteristics
- Ginnie Mae Guideline Impacts
- Automatic Authority
- Loans Requiring Prior Approval
- Eligible and Ineligible Loan Purposes
- Eligible and Ineligible Properties
- Income and employment
- Assets
- Credit and Debts
- Entitlement Requirements
- Funding Fees
- Joint Loans
- Down Payment Requirements
- Allowable Discount Points
- Seller Concessions
- Occupancy Requirements
- Energy Efficient Mortgages Loan Assumptions
- New Construction
- Manufactured Homes
- Condominiums and PUDs
- Refinances
- Completing the Loan Analysis
- Loan Conditions
- WebLGY
- Loan Guaranty Certificates
- Post Guaranty Conditions
- And much more
Online
VA Underwriting, Processing and Origination Online is the most flexible way to complete your VA Training and get updated on the most recent updates and changes in the industry. This option is available 24/7, you can complete it at your own pace, and you will receive your certificate immediately upon completion of the course.
Webinar
VA Underwriting, Processing and Origination Webinars are available quarterly, and provide an easy way to underwriters to learn about the most recent industry updates from a live instructor with over 35 years of underwriting experience.
Private Webinar & Private On-Site
Looking for a Private VA Training by an industry expert? Contact us below and learn more about private VA training options for your company!
Diehl's Training on your LMS
Deploy Diehl’s VA Training on your Learning Management System. Diehl provides the online course modules and all of the course materials. Throughout the year, Diehl provides updated modules that can quickly be uploaded to ensure that your training is always current and up-to-date.
VA Underwriting, Processing and Origination FAQs
Automatic Authority is the VA’s designation allowing certain approved lenders to underwrite and close VA loans without prior VA approval on each individual loan. Lenders without this authority must have their VA loans reviewed and approved by the VA before closing. Our course covers what’s required to understand and work within both processes.
It depends on your lender type. Underwriters at Supervised Lenders don’t need individual VA approval. At Non-Supervised Lenders, VA requires at least three years of experience in loan underwriting, pre-underwriting, or processing, with at least one of those years spent making underwriting decisions specifically on VA loans. Without that year of VA-specific decision-making experience, you’ll need to be certified by the Mortgage Bankers Association (MBA) as a Certified Review Underwriter (CRU) or Accredited Mortgage Professional (AMP) instead.
A Supervised Lender is a federally regulated financial institution (such as a bank or credit union) whose VA underwriters don’t require individual VA approval. A Non-Supervised Lender doesn’t have that same regulatory oversight, so its underwriters must meet the VA’s specific experience requirements, or hold MBA certification, before underwriting VA loans independently.
VA guidelines are frequently updated through VA Circulars, and the information isn’t always consolidated in the main handbook, it often requires searching years of individual circulars to find what’s current. Our course does that work for you, providing in-depth, up-to-date training on VA guidelines so you don’t have to track down scattered circulars yourself.
The VA Underwriting, Processing and Origination course is available as a quarterly live webinar (8 hours, presented in two 4-hour segments), a pre-recorded online course you can complete on your own schedule, or as private webinar or on-site training for your team. We can also deploy the course directly on your company’s Learning Management System (LMS).