I’ve been fielding many calls this summer asking for ideas on how to train staff on originating FHA loans.  Here’s my advice:

If you’re newly approved by FHA, your very best option is to take the class taught by HUD called “FHA Lender Training.” These classes are typically three full days: Day 1 Processing, Day 2 Underwriting and Day 3 Appraisals.  When I attended the HUD training in June put on by the Wash Mortgage Lenders Assoc, the cost was $315 and included lunch. High value for the price.  The FHA trainers were very good. I HIGHLY recommend this option.  The next FHA training in the Northwest is scheduled for Portland this coming week.  Go here for more info:
http://www.hud.gov/offices/hsg/sfh/events/events.cfm

Wholesale lenders have been offering free FHA classes all around town and even inside your office.  When scheduling these classes, look for a trainer with many years of experience in underwriting FHA loans.  If the classis taught by the Account Exec, I would query as to their number of years of experience with the FHA insurance program.

For Online FHA training, I recommend one of my competitors, Susan Williams.  I get no referral fee for sending you here. I just highly admire the quality of her distance learning products.  Here’s her website. Look for the course titled 151, FHA Lending Guidelines. Bonus: Her class is approved for continuing ed credits in many states.
http://www.schoolofmortgagelending.com

For live classroom FHA training here locally, you can choose from three courses.  This month we are offering the FHA Originating Basics course on August 13th in Tukwila.  This course works well for new-to-FHA originators, processors, and underwriters and are taught in four hour blocks, typically from 9AM to 1PM, perfect for LOs who can’t sit in a classroom for more than half a day 🙂  These classes are all approved for WA state continuing ed credits.
Read more here:
https://mortgagefiduciaries.com/mortgage-continuing-education-topics/fha-loans/

Finally, I have been working with Bellevue Community College to put together a series of classes on FHA lending. Your staff can earn college credits toward an AA degree, the classes are in the evenings, and we will use the HUD manual, taking the student from processing through origination, underwriting, and appraisals during an 8 week session.  This will be great for your processing staff.