Lenders new to the FHA 203k loan program in Santa Cruz
By Mike Young, FHA 203k Consultant 828-469-7462
(203kOnLine.com, covering the USA)
Lenders from anywhere actually can benefit form the FHA 203k loan program by being prepared for the volume if they do some simple things. 1) Build your team wisely. Don't wait until you have some orders before you seek your "203k consultant". Interview them and see what they do for you to make these happen faster. If all they do is provide a bid spec and a draw request, I would keep looking. We have trained a good number of consultants across the nation since 1995 and we always teach them to "provide more than you expect". 2) Be prepared in your "back office" for the underwriting portion before you get your first order. Our consultants nationally will provide you with a more consistent product for your underwriting staff so you "know" that all of the pieces are there when you get the ...
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