AllRegs Delivers FHA Hotline Support Service for Mortgage Lenders

EAGAN, Minn.--(BUSINESS WIRE)--Congress, HUD and FHA continue to make fantastic changes to loan programs and guarantees available to Americans purchasing homes. AllRegs, the leading information provider for the mortgage lending industry, supports these changes and announces its creation of a service to support the increased growth of homeownership through FHA loan programs. Known as the AllRegs FHA Hotline, this service is being made available to support the industry at a time when FHA business is growing exponentially and organizations are looking for resources to get them in the game.

The AllRegs FHA Hotline will provide answers to questions about the FHA program, program changes, how to become an FHA lender, business advice on what to do with borrowers as it applies to the FHA program, interpretation of the regulations and interpretation of the new law signed recently by the President. Advice on operational details with regard to FHA loans, processes, down payments and other matters will be provided.

“Our customers want a person they can ask questions of regarding FHA loans; they need help and our FHA Hotline is here to support them,” said Dan Thoms, senior vice president of AllRegs. “Our FHA Solution Center, which integrates our publishing of the FHA manuals in AllRegs Online, is now responsible for training thousands of folks in their buildings across the country. This new FHA Hotline will provide peace of mind for all those mortgage companies trying to increase their origination volume using the FHA program.“

The AllRegs FHA Hotline features the following benefits:

• Answers to your FHA loan program questions, as provided by industry experts
• Option to submit your questions via email or phone
• Available Monday through Friday, 7:00 a.m. to 5:00 p.m. CT.
• Access to FHA searchable online content in the AllRegs Information Service
• Instructions on how to become an FHA Lender
• Access to recent articles on FHA programs, written by AllRegs contributing authors
• Intended for loan officers, underwriters, processors, branch management, account executives and mortgage brokers

There are two service level options for participants – an individual level and a corporate level. The individual level service option is suggested for the mortgage broker or the company with just one or two questions needing an answer.

The corporate level service is suggested for the branch, region or organization that is moving into FHA and needs assurance that they will have someone to answer questions as they move through this busy year with a new product. It supports unlimited questions and time by the staff members for all of the authorized users identified. Subscriptions will be available in monthly or quarterly options.

To support the AllRegs FHA Hotline and answer your questions, AllRegs has formed an agreement with Mortgage Dynamics, Inc. (MDI), the mortgage banking industry’s premier management consulting firm offering a full line of advisory and outsourcing solutions. Since 1987, MDI has advised over 600 companies and reviewed hundreds of mortgage operations of all sizes. Their clients include large banks, community lenders, mortgage companies, major investors, Wall Street firms, warehouse lenders and government entities. Mortgage Dynamics has offices in Virginia, Maryland, New York and Colorado.

To take advantage of the AllRegs FHA Hotline, visit www.allregs.com and click on FHA Solutions or call (800) 848-4904.

AllRegs is proud to be named a Mortgage Technology Magazine Top 50 Service Provider for 2008. Should you have any questions regarding AllRegs and its other products and services, including AllRegs Academy’s Learning Pass, please contact AllRegs Customer Service at (800) 848-4904 Monday through Friday between the hours of 8:00 a.m. CT and 6:00 p.m. CT. or email help@allregs.com.

About AllRegs

First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2008 and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks’ MPF Program Guidelines, and CalPERS’ Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call (800) 848-4904 or go to www.allregs.com.