New home builders and buyers need new construction lending experts! In addition, many homes today are handyman specials or just need a little TLC. New construction and renovation loans are highly specialized products that require detailed knowledge of cash flow, contractual obligations, draws and municipality building requirements, inherent risks and ways to protect against unnecessary risks. This program is designed to provide to you with a general overview of the new construction and renovation loan process. We will discuss loan requirements and the loan processing of these loans.

This workshop will cover:

This class is for loan originators who want to advance their career by reaching the new construction market, as well as processors, closers and underwriters who are a part of the team getting these loans to close smoothly.

This class requires that students have at least one year of mortgage originating or processing experience. Students should bring a calculator to class.

Instructor | Alice Alvey