USDA 502 Direct Loan Application Packaging Training (Multi-State) 022425-11

USDA 502 Direct Loan Application Packaging Training

Accreditation:

This training does not qualify for CEUs/credits.

Certificate of Completion will be available at the conclusion of the training for those who have full attendance and participation in the 5-day course. 

Date & Time:

The USDA 502 Direct Loan Application Packaging Training will be held on the following dates and times:

February 24 | 11:00 AM - 3:00 PM

February 25 | 11:00 AM - 3:00 PM

February 26 | 11:00 AM - 3:00 PM

February 27 | 11:00 AM - 3:00 PM

February 28 | 11:00 AM - 3:00 PM

This training is being held in Pacific Time.

Description:

The USDA Section 502 Direct Certified Loan Application Packaging course is an advanced course that covers USDA Rural Development's Section 502 Direct (502D) Loan Program and provides critical information on utilization of this homeownership financing resource that can be used to assist potential borrowers.

 

The advanced course will be offered over five days and presented virtually. Through this course, designed for those experienced in processing Section 502 Direct Certified Loan Applications, participants will learn the regulations and practical applications of the loan program.

 

Participants will develop a strong understanding of 502 Direct Certified Loan packaging standards, which will ensure that submitted loan dockets are complete and ready for processing.

 

Participants who attend the training and pass the online exam will be equipped to package 502 Direct Certified Loan Applications on behalf of parties seeking USDA-RD assistance.

 

For more information on the USDA 502 Direct Certified Loan Packaging Process please refer to https://www.rd.usda.gov/programs-services/services/direct-loan-application-packagers. Certified Packagers must be employed (employee or independent contractor) by a qualified employer. Qualified employers are affordable housing nonprofit organization, public agency, tribal housing authority, or State Housing Finance Agency that meets the requirements of § 3550.75 (b)(2). They also need to be involved in the 502 direct program certified loan application packaging process.

·       Attending all five days is a requirement to be able to take the certification exam.

 

·       If this course offering doesn't fit with your schedule, additional course options can be found at https://www.usda502directtraining.org

 

Location:

This training will be hosted on Zoom and Moodle with links and additional course information will be sent out 1 week prior to course start date. It is an interactive class and participants will need a computer with good internet connection. Participants will also need a speaker and microphone, which can either be through the computer or a phone, which would need to be in addition to the computer.

Registration & Early Bird Discount:

The fee to attend this training is $550.

Register before 02/03/2025 to receive an early bird discount fee of $500.

Registration deadline is 02/12/2025 at 11:59 PM or when capacity has been reached.

Cancellation deadline is 02/18/2025 to receive all but the $50.00 process fee. After 02/19/2025 there will be no refunds.

The registration link on this page will register you to attend the complete series.

This course fills quickly, so register early!

Payment will be due at time of registration.

 

For registration questions, contact:

RCAC Events
registration@rcac.org
(916) 447-9832 ext. 1429

 

By registering for an RCAC event, you acknowledge and agree to abide by the code of conduct set forth by RCAC for training participants, which is available here RCAC Training Code of Conduct.  Please read the code of conduct carefully before proceeding with the registration process. 

 

RCAC is an equal opportunity provider, employer and lender.