UNDERSTANDING PRESIDENT OBAMA'S MAKING HOME AFFORDABLE LOAN MODIFICATION PROGRAM AND HOW TO QUALIFY!!
Friday, June 22, 2012 from 10:00 AM to 1:30 PM (PDT)
Understand HAMP (Home Affordable Program) Underwriting Guidelines and Recent Updates/ Changes. Learn how to prepare Successful Budgets and Profit and Loss Statements that get your Loan Modification APPROVED!! Understanding the Standard Waterfall Process and how the lender will use this process to lower your (or your borrower's) mortgage payment.
Friday, June 22nd, 2012 * 10:00am - 1:30pm
$50-Early Bird * $60-Pre-registation *
Register Online or call 1-800-991-6097 Ext 2
THIS SEMINAR WILL COVER THE FOLLOWING:
The New HAMP Program - HAMP TIER 2, includes the following changes/enhancements:
- Rental properties will now be covered as long as the property is an actual rental - not a vacant second home.
- Borrowers may now be able to get their new monthly payment reduced as low as 25% of his/her gross monthly income (previously 31% was the lowest).
- Loans that were previously denied due to negative NPV or excessive forbearance. These loans can now be revaluated under the HAMP Tier 2 program guidelines.
- Principal Reductions may now be an option for homeowners homes are is underwater by 15% or more.
- Previously, if a homeowner defaulted on a Trial Period Plan payment, he/she would be no longer eligible to re-apply – however, under HAMP Tier 2, these homeowners may re-appl
ARE YOU A REAL ESTATE PROFESSIONAL? YOU MUST ATTEND IF YOU WANT TO HELP YOUR HOMEOWNERS! EARN DRE 4-CLOCK HOURS!!! – SPONSOR ID: 4985 ($25 DRE TESTING FEE IS REQUIRED, HOWEVER TESTING IS OPTIONAL)
REGISTRATION A MUST!!! SEATING IS LIMITED!!!
Millions more foreclosures are expected in 2012. Fight for your home! Fight for your community! With the recent changes, even if you applied for a loan modification before and were denied, you may be able to apply again. COME TO FIND OUT!!!
When & Where
Artricia Woods, Real Estate Broker & NMLS Approved Instructor
Affinity Real Estate & Mortgage Training & Services (A NMLS Approved Course Provider) consists of seasoned professionals that have over 20 years of combined experience working in the real estate & mortgage industry. Our company is based on the belief that our clients’ needs are of the utmost importance. Our entire team is committed to meeting your needs. As a result, a high percentage of our business is from referrals.
We provide training for individuals who are looking to obtain their NMLS Mortgage Loan Officer licensing and need to fulfill their 20 hours of education. In addition, I also teach continuing education each year to Mortgage Loan Officers who need to renew their NMLS licenses. I teach both via the web and classroom settings. In addition, I do private classes for companies that wish to keep the training in-house. Please contact me if you are in need of any NMLS training.
Affinity Real Estate & Mortgage Training Services is both a full-service real estate agency and a training facility for aspiring agents. The founder of the Affinity Real Estate & Mortgage Training, Artricia Woods, with a MBA Degree, has been practicing real estate and mortgage for over fifteen years the Southern California area. She has variety of experience in real estate, mortgage and business management.
The Affinity Real Estate & Mortgage Training School, founded in 2009, focuses on assisting students to obtain a Mortgage Loan Originator (MLO) license. In addition, we offer our students CE (continuing education) courses and other real estate related courses such as ethics 101 and understanding foreclosure prevention services, including loan modifications assistance and training.
Since our inception it has been our goal to provide our students with the most accurate and current knowledge necessary to pass the both the National and State NMLS Exams and obtain your license.
If there are any questions regarding the courses or state licensee examination, please contact us at 562-731-2320 or 800-991-6097 or e-mail us at firstname.lastname@example.org.