HomeFree-USA, one of the largest homeownership development and HUD intermediaries in the United States, has partnered with AllRegs to develop an education program for homebuyers and homeowners. With the first online courses expected to be launched in October 2012, these training resources will circulate widely within the mortgage industry, churches, counseling agencies, the media and the public at large.
Consumer training for homebuyers and homeowners will focus on financial education, maintaining a home, preventing foreclosure and buying a home. All training will be based on core content developed and used directly with consumers through HomeFree-USA’s counseling services. The program will be delivered through the powerful AllRegs Academy education platform, and includes both online and webinar formats. Courses will be made available directly to consumers through counseling agencies, with an opportunity for banks, credit unions and mortgage lenders to provide the training to their members and clients.
“Financial literacy is an important part of the consumer home buying process, and we are excited to join forces with HomeFree-USA to deliver these training resources,” said Dan Thoms, Executive Vice President of AllRegs. “Using a core foundation of key principles of mortgage lending regulatory practices, housing counselors will learn best practices to helping consumers with the American dream of buying, maintaining and keeping their homes”.
“With 50 community-based affiliated agencies nationwide, this education program will help countless consumers across the country learn the home buying process and what it takes to get into and keep their homes,” said Marcia J. Griffin, president and founder of HomeFree-USA. Consumers will benefit from the combination of our homeownership counseling expertise with AllRegs’ training excellence and delivery.”
To learn more about AllRegs and HomeFree-USA, see the descriptions below.
First introduced in 1989, Mortgage Resource Center, Inc., DBA 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, HUD, VA, RHS, Ginnie Mae and State Banking Regulators, to name a few.
AllRegs is 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 multi-family seller and servicer guidelines as well as Federal and State statutes and regulations, plain language interpretative analysis and contract publishing services for retail and wholesale lenders. The educational division, AllRegs Academy, offers distance learning, classroom training, and a practical guide series.
Located in the Twin Cities, AllRegs is an innovative employer dedicated to providing long term employment to a highly skilled, well trained, professional workforce. Telecommuting, flextime, profit sharing and an employer funded HSA are just a few of the ways we achieve employee career satisfaction.
HomeFree-USA is a 501(c)(3) nonprofit public benefit organization that specializes in homeownership development, foreclosure intervention and financial empowerment. Based in the Washington, DC metro area, HomeFree-USA delivers services across the country through its nationwide network of faith- and community-based nonprofit partners. The HomeFree-USA network represents the interests of 4 million homeowners and homebuyers. HomeFree-USA enjoys a 0% foreclosure rate among families that have participated in its pre-purchase homeownership preparation program.