1 / 9

Best Practices, Underwriting Issues and Policy

Join industry experts in discussing best practices in underwriting, including policy changes, communication strategies, and the importance of quality submission. Learn about upcoming waivers, loan parameters, and the underwriting process for stabilized and un-stabilized deals. Gain insights on mortgage credit, sponsor vetting, and promoting FHA-insured products. Don't miss out on valuable information on environmental considerations, lender metrics, and Green MIP.

gilham
Download Presentation

Best Practices, Underwriting Issues and Policy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Best Practices, Underwriting Issues and Policy Rick Sherman Chief Underwriter PGIM Real Estate Finance Steve Ott Production Division Direction – Multifamily Midwest Region Chicago HUD Chris Nielsen Branch Chief – Underwriter Branch 3 Detroit HUD Mike Bisanz Vice President & Deputy Chief FHA Underwriter Dougherty Mortgage LLC Moderated by: Panelists:

  2. Best Practices • Quality of submission leads to efficiency on timing. Quick submission does not necessarily lead to quality Changes during the process and review • Communication and being partners • Waivers

  3. Upcoming 3 year waiver change • Seasoning • Loan Parameters • Stabilized • Underwriting the un-stabilized deal • FHA vs Agency

  4. Concept Meetings • Sponsor – present at the meeting • Transactions not concepted = more issues later • Brief anatomy of a quality concept meeting

  5. Mortgage Credit • Sponsors/Principals – vet early • Like kind experience – size/scope • Surrounding inexperience Sponsor with other disciplines (doesn’t necessarily meet the requirements) • Management Agent • General Contractor/Architect

  6. 223(f) – Heavy Repairs (where are the repairs going?) How close to a d(4) SR? Value added?

  7. Affordable Aggressive RCS Chapter 15 Renewals

  8. Misc. • Lender Perspective • Promoting the FHA-insured product • Welcome call and Weekly call (pilot through Minneapolis)-successful • Environmental • SHPO • Early Start • Lender Metrics • Green MIP

  9. Questions&Comments

More Related