With the changes announced in our Single-Family Seller/Servicer Guide (Guide) Bulletin 2012-4 we are renaming Guide Chapter K33, Construction Conversion and Renovation Mortgages, which now provides only the requirements for a transaction where interim construction financing was obtained. This offering still enables you to originate more loans to borrowers preparing for construction conversion and those in need of home renovation funds. Attend this 90-minute interactive webinar to get the details you need to get started now to originate and document these mortgages.
Prerequisites:
A basic understanding of Loan Prospector functionality is recommended
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to attendees prior to the start of the session
Objectives:
Gain a thorough understanding of the features and requirements of Construction Conversion and Renovation Mortgages.
Topics:
Define Construction Conversion and Renovation
Understand how to structure the Permanent Financing
Construction Conversion and Renovation Mortgages