Freddie Mac's recently announced 'Mortgages for Newly Constructed Homes' could enable you to originate more loans to borrowers with newly built homes, preparing for construction conversion, and those in need of home renovation funds. Attend this 90-minute interactive web conference to get the details you need to get started now. Learn how to originate and document these mortgages, during discussions about:
18-month period to originate, document and deliver mortgages to Freddie Mac
Purchase and Refinance transactions+
Calculation of value {LTV/TLTV/HTLTV}
Documentation requirements
LP Submission/resubmission requirements
Seasoned Mortgages
Prerequisites:
A basic understanding of Loan Prospector functionality is recommended.
Participants need simultaneous access to the Internet (to receive the visual portion of the presentation) and a telephone (to receive the audio portion of the presentation).
Minimum required connection speed for a dial-up modem is 28.8 kbps.
Please print the following course materials to participate in this web session:
Mortgages for Newly Constructed Homes