LP Local Release 26-02-03

DEPARTMENT OF VETERANS AFFAIRS
REGIONAL OFFICE
NORRIS COTTON FEDERAL BUILDING
275 CHESTNUT STREET
MANCHESTER, NH 03101

January 18, 2002

					

							In Reply Refer to:373/26
							LOCAL RELEASE 26-02-03

TO: ALL LENDERS AND SALES BROKERS

SUBJ: 2002 VA TELEVISED TRAINING BROADCASTS
FOR LENDERS AND REAL ESTATE SALES PERSONNEL

Our Local Release 26-02-02 recently announced the scheduled satellite broadcast of Jan. 23, 2002,
to introduce the VA Internet-based appraisal assignment and processing system. VA Loan Guaranty
Service has scheduled five additional interactive televised training broadcasts for lenders during 2002, and
one broadcast for real estate sales personnel.

Where can these broadcasts be viewed?

For those who have fast Internet connections and no firewall problems, these broadcasts will
also be available in "streaming video" format over the Internet. We suggest you check the VA
web site at http://www.homeloans.va.gov/broadcast.htm well before the broadcast, since you
will need to download the RealPlayer plug-in beforehand.
In New York and New England these free broadcasts may be viewed at the VA Regional
Offices or Regional Loan Center listed below. Attendees should make reservations (and learn
the room where the broadcast may be viewed) by calling the contact person at the most
convenient regional office. Since these seminars are interactive, all attendees will have the
opportunity to ask questions.

Who should you contact to make a reservation?

    Attendees should make reservations by either sending an e-mail or calling one of the contact
    persons shown below no earlier than two weeks before the broadcast. Reservations will not be
    accepted unless they are within two weeks of the broadcast. As space is limited, we will only allow
    a maximum of two employees from each lender office. Please indicate the names of attendees,
    your company name/address, and who we should contact to confirm the reservation. Reservations
    will be taken on a first come/first serve basis.

VA Office	Manchester NH RLC	New York City RO	Buffalo RO
Address	275 Chestnut St. Manchester, NH 03101	245 W. Houston St. New York, NY 10014	111 W. Huron St. Buffalo, NY 14202
Conact Name	Jim Clark	Bob Rudolph	Joe Finlayson
Contact Phone Number	(800)827-6311 extension 7	(212) 807-7229 x 3003	(716) 551-5291
Fax Number	(603) 666-7549	(212) 807-4054	(716) 4551-3477
E-Mail Address	nh_lp@vba.va.gov	lgyrrudo@vba.va.gov	lgyjfina@vba.va.gov

What do you need to bring?

Student handout materials for each broadcast will be available for download from Loan Guaranty’s
web page one week before each broadcast. Students who plan to attend a broadcast should
download these materials and bring them to the broadcast, as they will not be distributed at the
broadcast site. The web address is www.homeloans.va.gov/train.htm

What are the topics and when are the broadcasts scheduled?

"Appraisals in the VA Home Loan Program" - February 21, 2002 12 Noon to 2 PM Eastern Time.
This broadcast is for anyone interested in how VA Appraisals are ordered, processed, and
underwritten. Topics include:

What's New?
Property Eligibility
Minimum Property Requirements
Proposed Construction
Appraisal Review Guidelines
Common Problems and Concerns

"The VA Home Loan Program for Real Estate Professionals" - March 20, 2002 12 Noon to 2 PM,
Eastern Time. Thousands of real estate professionals are making money participating in VA's
home loan program. Attend this session and find out how you can too. Topics include:

Increase your pool of potential customers
VA loans are fast & easy to process
Help America's veterans obtain the dream of home ownership

"Closing & Shipping VA Home Loans" - May 22, 2002, 12 Noon to 2 PM Eastern Time.
Attend this broadcast and save your company time and money. Topics include:

Obtain accurate Loan Guaranty Certificates,(LGCs) quickly
Eliminate the need for status requests
Take the anxiety out of Post Audits

"Originating VA Home Loans" - June 19, 2002, 12 Noon to 2 PM Eastern Time.
Want to improve your market share? Learn how you can do just that by speeding up your ability
to explain and process VA mortgage loans. Topics include:

Basics of Eligibility - including, Who's Eligible?, What is Eligibility?, What Can a VA home
loan be used for?
Pre-Qualification Basics - including, Credit & Income; Common Scenarios and Frequently
asked questions.
Fees & Charges - What's allowable? & What is not?
Property and the VA Appraisal - What is the purpose of the VA appraisal? What types
of properties can be purchased?

"Underwriting VA Home Loans" - July 17, 2002, 12 Noon to 2 PM Eastern Time.
It's approved! Tips and hints on mastering VA Credit Standards to arrive at well supported
underwriting decisions quickly and efficiently. Topics include:

Problem credit cases
Self employment
Trailing spouses
Grossing up
Many other issues

VA Loans for Newcomers - September 18, 2002, 12 Noon to 2 PM Eastern Time.
This broadcast is intended for those lender employees who are new to the mortgage loan
business and are interested in learning the basics of the VA home loan program.
Topics include:

Program Overview
Property Eligibility
Loan Processing
Related Issues

What if you cannot attend but would like a tape of the broadcast?

    As a service to our private-sector partners in the VA home loan program, Loan Guaranty is making
    available the tapes of our past interactive televised training broadcasts. Tapes are available after
    each broadcast from Multi Video Services at 1-800-800-DUBS (3827).
    Tapes of each 2002 broadcast will be available after the broadcast for $34.95.

Who can you call if there are any questions about VA Loan Processing in New England or
New York?

    Please call our office toll free (800)827-6311, extension 7.

KEITH C. BOERNER
Loan Guaranty Officer

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