Description
Course Learning Objectives
Unit 1:
After completing this unit of the course, you will be able to:
- Broad Understanding of what VA is
- Help borrowers undertstand the importance of VA
- Know the difference between FHA & Conventional
- Portfolio Performance
- Lender Protection Default
- Judgement and how they effect VA
Common VA Myths
Unit 2:
After completing this unit of the course, you will be able to:
- Understand the need for VA
- Explain to your Buyers the affects of VA
- Know the difference between Eligible and Qualification
- What is Certificate of Eligibility (COE)
2 sets of entitlement
Unit 3:
After completing this unit of the course, you will be able to:
- Two Process To Increase Value
- Understand what Minimum Property Requirement is (MPR)
- Examples of MPR
- Have a clearer understanding of what Cosmetic Repair is
- Understand what is MPV waiver
- Know what is Escrow Repairs
- Understand why should a seller accept a VA offer
VA Seller Concession rile
Timed Course Outline
0.0 Course Introduction
0.1 Course Description
0.2 Course Description (cont.)
0.3 Introducing Your Instructor
0.4 Course Outline
0.5 Course Learning Objectives
10 minutes
1.0 Overview of VA
1.1 Unit Introduction
1.2 Unit Learning Objectives
1.3 Key Terms
1.4 Opportunity
1.5 Common VA Myths
1.6 Truths about Underwriter
1.7 Difference between FHA, VA & Conventional
1.8 Myth: VA loan takes longer to close
1.9 Truth about veterans fee
60 minutes
2.0 The beginning of a VA
2.1 Unit Introduction
2.2 Unit Learning Objectives
2.3 Key Terms
2.4 Certificate of Eligibility
2.5 Entitlement Misconception
2.6 Two sets of Entitlement
2.7 Entitlement after foreclosure
2.8 VA Max Loan Amount
2.9 VA Appraisal
2.10 Two Process To Increase Value
3.0 We are information purveyors
3.1 Unit Introduction
3.2 Unit Learning Objectives
3.3 Surveys
3.4 Minimum Property Requirements
3.5 Example of MPR
3.6 Cosmetic Repairs
3.7 MPR Waivers
3.8 Escrow Repairs
3.9 Who is Eligible
3.10 Documents needed to Obtain COE
3.11 why should a seller accept a VA offer?
3.12 Restoration of Entitlement
3.13 NAR “MRP Certification”
3.14 VA Seller Consession Rule
3.15 Items Limited By VA Seller Concession Rule
3.16 Sellers Contribution Towards Closing Costs
3.13 Unit Conclusion
3.14 Quiz Instructions
60 minutes
Q& A
30 minutes
Total: 225 minutes (3.75 Hour CE class)
