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Founded in 1996, Mortgage U is a full service training company dedicated to the unique needs of the mortgage industry. Our commitment is to providing the highest quality training to ensure that your staff is operating at its most efficient and productive level.
Our training team consists of dynamic educators who have extensive mortgage industry experience as well as unique talent in designing and facilitating effective educational programs.
As an active member of the Michigan Mortgage Lenders Association, Mortgage Banker's Association of America and the National Association of Mortgage Brokers, Mortgage U keeps in close touch with industry news, growth and changes. All of our programs are packed with practical application to the mortgage business as it is today.
Mortgage U is the answer to your productivity and quality concerns.
OUR TEAM
 As President of Mortgage U, Alice Alvey, Master CMB, is a much sought after educator, consultant and mortgage information resource. She brings more than 20 years of mortgage industry experience to the company, with an extensive background from origination through servicing, in both wholesale and retail markets. Her knowledge of the business and experience as an instructor provide a well-defined framework to create innovative, candid and informative education sessions.
Alice Alvey is a Master Certified Mortgage Banker (CMB), designated by the Mortgage Bankers Association of America. The pinnacle achievement for real estate finance professionals, its designees have proven through written and verbal testing, their commitment to industry professionalism, high ethical standards, and industry service. Alice brings these exceptional qualities, along with over 20 years of mortgage lending experience, to all of the informational products, training workshops and consulting services offered by Mortgage U.
Alice began processing loans in 1982 and worked her way up through origination and underwriting. In 1989, as senior underwriter, she was one of the four individuals who started the wholesale division of Republic Bancorp Mortgage. By 1993, she had helped to build it to a 3 billion dollar business, covering 17 states. She most recently held the position of Senior Vice President of operations in wholesale and retail lending, as well as servicing and quality control. With a staff of over 80 people, she was responsible for underwriting, closing, post closing, insuring, special programs, regulatory compliance, quality control, loan delivery and loan administration. She also served as the corporate compliance officer, working with HUD, FDIC, FRB, Fannie Mae and Freddie Mac on all audits.
In January 1996, Alice partnered with Jan Wetzel of Wetzel Trott (formerly Wetzel & Associates, a nationally acclaimed quality control firm) to start Mortgage U, Inc. Mortgage U is a full service training company dedicated to the unique needs of the mortgage industry. Committed to providing the highest quality training, Alice has customized programs for lenders all over the country on topics for new loan officers and processors, from application through shipping and insuring, FHA/VA, Fair Lending, Regulatory Compliance and procedure analysis.
Alice has been speaker for Fannie Mae’s Housing Finance Institute, The Mortgage Bankers Association of America’s Loan Origination University; Mortgage Bankers Association of America, National State & Local Workshop on Board Development; Michigan Mortgage Lenders Association on FHA and Fraud; Ohio Mortgage Bankers Association on VA; Northeast Indiana Mortgage Bankers Association on FHA; Fannie Mae Chicago Regional Office on FHA’s; Allied Mortgage National Convention, on FHA; Federal Home Loan Bank of Indianapolis on Secondary Market Underwriting Requirements.
Alice has consulted for countless mortgage brokers, bankers and credit unions to help improve their operations in regulatory compliance, originations, processing, underwriting, closing, post closing and shipping, implementation of FHA loans, transitioning into secondary market product offerings, including ABN AMRO in processing.
Alice is proud to serve as a certified Freddie Mac trainer for Loan Prospector on the Internet. She was also a contract trainer for Fannie Mae’s Housing Finance Institute from 1997-1998 and served on Fannie Mae’s Risk Management Advisory Council in 1994 and 1995. She is a member of NAMB, MMLA, MBA. Alice is the recipient of the Vic Miller, Outstanding Mortgage Banker Award, presented by the Michigan Mortgage Lenders Association in 2000.
Alice’s extensive background from origination through loan delivery provides a well-defined framework to create innovative, “street-wise” and informative training sessions. She is an effective, professional and dynamic educator, consistently redesigning and upgrading her training materials to keep up with an ever changing industry.
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 Kevin J. Butts, President of ER Credit Education Solutions, is one of the leading experts in consumer credit education and financial literacy. Kevin has been asked to speak at a number of companies, schools, and seminars, including Michigan State Housing Development Authority, Detroit Job Corp., Youth Financial Literacy Program, Eastern Michigan University, Oakland University, Wayne Community College, Predatory Lending Coalition of Detroit, Michigan State Representative Tupac Hunter’s Predatory Lending Seminar, International Detroit Black Expo, Rainbow Push Credit Smart, Wall Street Project/New York NY, Strather and Associates Real Estate Academy-Marygrove College, and many, many more.
A graduate of the University of Alabama at Birmingham, where he earned his degree in Finance, Kevin’s education, formal training, and speaking background gives him the competitive advantage to offer sound financial principles. He has held the titles of Credit Analyst, Credit Manager, Branch Manger, Special Finance Manager, 3rd Party Debt Collector and Senior Loan Officer.
EMAIL KEVIN
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 Teresa began her career in the mortgage industry in 1984 as a loan officer in a market which predominately employed auto workers. In a time when lenders did not have the luxury of the creative financing offered by many investors today, Teresa found her niche in government financing. Twenty years later, she has gained experience in everything from underwriting to closing. She also spent time in management and opened new branch offices for several large mortgage lenders. Teresa is eager to share the knowledge, the stories and the best practices that she learned along the way, all of which helped her to become a successful loan consultant.
John began his mortgage lending career in 1970 as a loan originator for First Federal of Detroit [now Charter One]. His career took him to the James T. Barnes Company, the largest privately held mortgage company in the country. At Barnes he was head of residential lending in Atlanta, GA and then moved to New York to run the secondary marketing operations for the Barnes Companies.
In 1984 he started Gehrke Mortgage Corporation; an FHA/VA, FNMA, FHMLC approved mortgage banking company. Until its sale in late 2001, the company built a FNMA servicing portfolio of over $100,000,000.00 - twice- of conventional loans and was a leader lender of FHA/VA loans.
During his 33 years in the residential lending business he was twice on the board of governors of the Michigan Mortgage Bankers Association [now the Michigan Mortgage Lenders Association] and its president in 1993. In 2000, he was awarded the James T Barnes Memorial Award given annually to the person whose career reflects high ethical standards with a deep commitment to mortgage banking.
John will be instrumental in the growth of consulting services offered by Mortgage U.
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 JAN WETZEL's extensive underwriting and management background started in 1978 and put her on course to start one of the country's leading Quality Control firms. Wetzel Trott has specialized in Quality Control Reviews for residential lenders since 1985. As President, Jan has helped hundreds of banks, mortgage companies and credit unions develop and implement comprehensive quality control plans in accordance with Fannie Mae, Freddie Mac, The Department of HUD and VA requirements. Jan's focus on quality allowed her to build a team with combined mortgage experience of over 125 years to handle more than one hundred fifty customers in twenty-two states. Her team handles monthly reviews of closed loans, re-verification tracking, agency approved reporting formats, fraud detection and appraisal field reviews.
In 1998 she designed and wrote the "QuiC" software program to manage the entire closed loan review process from document tracking through management reporting. Jan has molded the information from over 200,000 loan reviews into QuiC to create an extensive fraud database that provides trend analysis reporting and unparalleled protection for her clients. Jan also created a Servicing Quality Control division within Wetzel Trott. Her specialized services cover audits on everything from investor accounting, escrow analysis, loss mitigation, foreclosure, FHA and VA requirements. Jan's team covers over five states for some of the countries largest servicers.
Jan is a graduate of Bowling Green State University, and received her Bachelors Degree in Communication in 1978. She has served on the board of directors and development committee for COTS (The Coalition for Temporary Shelter)in Detroit. Jan is currently the President of the Southeast Chapter of the Michigan Mortgage Lenders; participates in the FNMA Risk Management Advisory Council and is the 1997 recipient of the MMLA James T. Barnes Award for her exemplary contributions to the mortgage industry.
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