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Author Bio


Dave Hershman

Owner at The Hershman Group
Email: info@fha-guideline.com

Dave has written seven books, including two best sellers for the Mortgage Bankers Association of America. One of these books was the first comprehensive book on management published for the industry by the MBA--Managing a Branch Office. He is a columnist for The Mortgage Press, published hundreds of articles and delivered speeches to thousands of loan officers, real estate agents, managers and operations personnel. And he doesn't just theorize. His organizations have closed billions of dollars in transactions, including personally closing over 550 loans in his first 18 months on the street!

 

Dave has also headed the sales force for the top mortgage technology firm in the nation--Ellie Mae and has helped found a Federally-chartered bank and served on its board of directors. During that time, he has been delivering programs that bring more productivity with less stress to managers, sales and operations personnel across the country for twenty years.

 

Dave believes that real success is not rocket science-the formula has been with us for years. Especially with regard to managing in the mortgage industry. The formula involves hard work, vision and great communication. He has developed five rules of management that are easy to understand and follow. And he delivers them with a little humor. Well, perhaps more than just a little.


Recent Articles

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March Letter from The Desk of the FHA Commissioner

FHA has announced a rash of changes which are designed to shore up the finances of this government agency so that a bailout is not necessary. The follow contains excerpts from letter released by the FHA Commissioner, Dave Stevens. 
“Recently FHA...
3/7/2010, 11:16 AM by Dave Hershman
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FHA Expands Access To Loan Programs To Allow For Quick Resale of Foreclosed Properties

In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, FHA has announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties....
2/28/2010, 10:13 AM by Dave Hershman
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Homebuyer Tax Credit: Extended and Expanded

Late in 2009, Congress extended the $8,000 tax credit designed to be an incentive for first-time homebuyers to purchase a home for their principal residence. In addition, the same legislation expanded the credit to include move-up buyers at a maximum...
2/16/2010, 09:51 AM by Dave Hershman
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FHA To Raise Mortgage Insurance Costs

The Federal Housing Administration (FHA) recently issued a letter that outlines an increase in mortgage insurance costs for applicants. Effective with applications submitted after April 5, the up-front premium will increase to 2.25% of the mortgage amount from the present...
2/7/2010, 12:30 PM by Dave Hershman
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FHA To Crack Down on Underperforming Lenders

The Federal Housing Administration (FHA) recently issued a letter that implements a plan to suspend the Direct Endorsement authority for any operation in a geographic area for a minimum of six months if the company's default rate in that area...
2/7/2010, 12:17 PM by Dave Hershman
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Prequalification or Pre-Approval? The Choice is Clear.

The process of purchasing a home takes savvy, time and diligence. It is the most important investment we make in a lifetime and studies have shown that a consumer takes anywhere from six months to two years to contemplate the...
2/7/2010, 12:16 PM by Dave Hershman
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FHA Publishes Major Changes To Their Guidelines

FHA has announced that they are introducing a series of significant changes to their guidelines. These changes include an increase in the cost of FHA mortgage insurance which is required on all FHA mortgages. The upfront mortgage insurance will be...
1/25/2010, 01:30 PM by Dave Hershman
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VA and Fannie Mae React To FHA Revised Condominium Requirements

Late last year, the Federal Housing Administration issued a letter with new condominium lending policies that went into effect in December. The letter limits the number of condo units in one complex that can be financed with FHA-insured loans at...
1/18/2010, 07:38 AM by Dave Hershman
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Increase Your Credit Score Now

Recent changes in lending rules have made your credit score even more important to your long-term economic health. Subprime mortgage program alternatives are disappearing. Fannie Mae and Freddie Mac are now charging a higher rate for lower credit scores. Even...
1/10/2010, 10:34 AM by Dave Hershman
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FHA Delays Appraisal Rules

The Federal Housing Administration (FHA) recently announced that the effective date of proposed appraisal rules will be delayed until February 15, 2010. These rules were issued in 2009 and are intended to shield appraisers from influence by loan officers...
1/10/2010, 10:30 AM by Dave Hershman
 
 
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