FHA Total Scorecard

FHA has developed Technology Open To Approved Lenders (TOTAL) Scorecard to assist lenders in evaluating loans. In this course, we take a look at the factors that influence TOTAL Scorecard decisions and resubmission requirements.

At the end of the course you will be able to:

> Describe how to qualify a customer for FHA financing using TOTAL Scorecard

> Recognize resubmission requirements and manual downgrades as required when using TOTAL Scorecard

> List the basic FHA underwriting requirements for credit, assets, employment, and income when a loan receives an Aprove/Accept from TOTAL Scorecard

> Explain the documentation requirements for various types of employment, assets, and gifts when a loan recieves an Approve/Accept from TOTAL Scorecard


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