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Mortgage Spirit hires new VP of information technology

National Mortgage Professional
Apr 05, 2009

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.
Published
Apr 05, 2009
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