AllRegs introduces government loan underwriter certificationMortgagePress.comAllRegs, government loan underwriter certification, AllRegs Academy, Residential Government Underwriter
Underwriting is the key activity in the mortgage decision-making
process. Sound loan decisions not only benefit the homebuyer, they
help reduce the lender's risk of default. AllRegs, an information
provider for the mortgage industry, has introduced a new
certification focused on recognizing underwriters for exhibiting
the core competencies required for underwriting government loans.
Offered through its education division known as AllRegs Academy,
the new Residential Government Underwriter (RGU) certification is
designed to recognize a professional's commitment to increasing
knowledge and professional experience working with government
lending products.
"As the volume of government loan products increases daily,
possessing the knowledge base for underwriting government loans is
not only a professional advantage but a corporate asset," said Dan
Thoms, senior vice president for AllRegs. "Based on feedback from
many industry leaders, we have developed the RGU certification
identifying the core skill sets required to exhibit expertise in
underwriting government loans. The RGU provides the industry with a
set of standards by which it can recognize a higher level of
expertise and competency in this ever-growing role in our industry.
We expect that this certification, its associated course work,
knowledge and assessments will become the key foundational
component for government underwriting delegation in the mortgage
industry."
To earn the certification, professionals must complete the
following:
• Submit an RGU application and an application fee;
• Agree to the Code of Ethics;
• Have at least two years experience in the mortgage
industry, with an emphasis in underwriting, processing, government
lending, risk analysis or quality assurance;
• Successfully complete 12 hours of education through select
AllRegs Academy coursework with a passing score of 75 percent or
above; and
• Complete the RGU Assessment consisting of a comprehensive
examination based on required core competencies for an RGU
graduate.
The certification coursework includes underwriting, appraisal
and compliance programs; FHA and VA underwriting courses; and Rural
Housing courses created in conjunction with the United States
Department of Agriculture (USDA). Certification graduates must
renew the RGU every two years by successful completing approved
continuing education.
For more information, visit www.allregs.com.
