Mortgage Daily

Published On: November 5, 2008


Help for Originating FHA LoansRecent FHA service offerings

November 5, 2008


A wholesale lender and a consulting firm are offering help for mortgage companies seeking approval to originate loans insured by the Federal Housing Administration. Online training is now available for originating FHA loans through a popular loan origination system, while another offering provides production support for reverse mortgages.

Prysma Lending Group LLC claims that its in-house funding and document preparation enables it to close FHA loans for its mortgage brokers faster than other wholesale lenders. The company — which says it lends in Connecticut, Florida, Georgia, New Jersey, Texas, Virginia and South Carolina — suggests it may be able to help mortgage brokers that are not FHA approved.

Compliance Consulting Corporation of Florida is promoting its ability to help mortgage companies obtain approval to originate FHA loans. The company claims that 95 percent of applications submitted to HUD are declined. But it promises to improve the likelihood of approval through its application kits that explain the approval process and provide examples.

Calyx Software is now offering online training for originating FHA loans on its Point LOS. The $39.95 program includes a 90-minute live Webinar and a New FHA Regulations video.

Visionet announced yesterday the revival of a refinance service in response to the HUD’s Hope for Homeowners bailout plan for the mortgage industry. VisiRetention, which can be up-and-running within four to six weeks, proactively targets troubled borrowers who qualify for the H4H program.

HUD has approved BankUnited Financial Corp. as an FHA lender, an announcement last week said. The Coral Gables, Fla.-based company highlighted its ability to provide FHA Secure refinances.

Titan Lenders Corp. announced last month a partnership with Bay Docs Inc. that will provide outsourcing and documents for home-equity conversion mortgages. The new service promises to take over the HECM process after the originator completes required counseling.

Services in the Titan-Bay offering include state specific initial disclosures and vendor management. The HUD package, including HECM compliant documents, are suitable for 20 servicers. The funding and forwarding of the case binder to HUD are also part of the package.

next story

back to current headlines

Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator


Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates


Today’s rates starting at


5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at


$200,000 LOAN

Home Equity

Today’s rates starting at


$200,000 LOAN


Today’s rates starting at


$200,000 LOAN