![](media/image1.emf){width="1.0368055555555555in"
height="1.0305555555555554in"}**[DEPARTMENT OF VETERANS
AFFAIRS]{.smallcaps}**

**Regional Office**

**Norris Cotton Federal Building**

**275 Chestnut Street**

**Manchester NH 03101**

February 23, 2001 In Reply Refer To: 373/26

> Local Release 26-01-05

TO: LENDERS AND REALTORS

SUBJ: 2001 VA TELEVISED TRAINING BROADCASTS

FOR LENDERS AND REAL ESTATE SALES PERSONNEL

VA Loan Guaranty Service has scheduled five interactive televised
training broadcasts for employees of lenders during 2001, and one
broadcast for real estate sales personnel. 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 that [two
> weeks]{.underline} 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      | **Manchester NH | * |                   | **Buffalo RO**   |
| Office**  | RLC**           | * |                   |                  |
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|           |                 | O |                   |                  |
|           |                 | * |                   |                  |
|           |                 | * |                   |                  |
+-----------+-----------------+---+-------------------+------------------+
| Address   | 275 Chestnut    |   | 245 W. Houston    | 111 W. Huron St. |
|           | St. Manchester  |   | St. New York, NY  |                  |
|           | , NH 03101      |   | 10014             | Buffalo, NY      |
|           |                 |   |                   | 14202            |
+-----------+-----------------+---+-------------------+------------------+
| Contact   | Jim Clark       |   | Bob Rudolph       | Pat Troupe       |
| Name      |                 |   |                   |                  |
+-----------+-----------------+---+-------------------+------------------+
| Contact   | \(800\)         |   | \(212\) 807-7229  | (716)551-5291    |
| Phone     | 827-6311        |   | x 3003            |                  |
| Number    | extension 7     |   |                   |                  |
+-----------+-----------------+---+-------------------+------------------+
| Fax       | \(603\)         |   | \(212\) 807-4054  | \(716\) 551-3477 |
| Number    | 666-7549        |   |                   |                  |
+-----------+-----------------+---+-------------------+------------------+
| E-Mail    | n               |   | lg                | lgy              |
| Address   | h_lp@vba.va.gov |   | yrrudo@vba.va.gov | cburr@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
> [http://homeloans.va.gov/train.htm]{.underline}.

**What are the topics and when are the broadcasts scheduled?**

> **March 7, 2001 (12:00 noon to 2:00 p.m. Eastern Time) Refinancing VA
> Home Loans Easily And Correctly.** This broadcast will be of interest
> to all lender employees involved in refinancing VA home loans. Types
> of refinances will be explained, and VA procedures and requirements
> will be discussed. Subject areas will include:

-   Interest Rate Reduction Refinancing Loans (IRRRLs)

-   Cash Out Refinancing Loans

> **April 4, 2001 (12:00 noon to 2:00 p.m. Eastern Time) What Real
> Estate Sales Professionals Should Know About VA Home Loans.** Attend
> this broadcast and find out how to increase your income while
> providing a valuable service to your clients by taking advantage of
> VA's home loan program. Participants will receive information on the
> following topics:

-   Advantages of the VA home loan program for veteran homebuyers

-   How to offer the program to clients

-   Clarification of many myths that surround VA home loans

> **May 2, 2001 (12:00 noon to 2:00 p.m. Eastern Time) What's New In The
> VA Lender Appraisal Processing Program (LAPP).** This broadcast will
> be of interest to all LAPP Staff Appraisal Reviewers (SARs) and others
> involved in the process of appraising for VA home loans. (It will not
> substitute for the required LAPP certification training). Subject
> areas will include:

-   Administrative issues

-   Property eligibility

-   Appraisal underwriting

-   Reconsiderations of value

-   Waivers

-   Oversight

-   Most common deficiencies

> **June 6, 2001 (12:00 noon to 2:00 p.m. Eastern Time) Originating VA
> Home Loans.** This broadcast will be for mortgage brokers, loan
> originators, and loan officers who are involved in the origination of
> VA home loans. Topics will include the following:

-   Lender/broker relationship

-   Veteran's eligibility

-   The loan application process

-   Appraisals

-   Underwriting issues (such as income and credit)

> **August 8, 2001 (12:00 noon to 2:00 p.m. Eastern Time) VA Home Loans
> For Underwriters.** This broadcast is intended for those who
> underwrite VA home loans for mortgage companies, banks, etc. The
> program will review the VA credit standards and underwriting
> requirements for VA home loans. Topics will include:

-   What's new

-   Loan types

-   Automated underwriting

-   Underwriting issues

-   Frequently Asked Questions

> **September 12, 2001 (12:00 noon to 2:00 p.m. Eastern Time) Closing
> and Shipping VA Home Loans.** This broadcast will provide information
> on how to close a VA guaranteed loan and ensure prompt issuance by VA
> of the Loan Guaranty Certificate. Attend this session and get accurate
> Loan Guaranty Certificates - fast!
>
> The presentation will include (but is not limited to) the following:

-   Closing documents required and how to complete them

-   Allowable and unallowable fees

-   Calculation and submission of the VA Funding Fee

-   Requesting the Loan Guaranty Certificate under VA's simple "Modified
    Guaranty Submission Procedure"

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

> Videotapes will be available for purchase following each broadcast.
> Please go to the VA website at
> [http://homeloans.va.gov/broadcast.htm]{.underline} for information on
> how to purchase these tapes.

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

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

Keith Boerner

Loan Guaranty Officer