USDA Rural Development 502 Direct Certified Packaging Training 022221-9

RCAC is presenting the USDA Rural Development (RD) Section 502 Direct Certification course live (via Zoom)! This course is offered at 9:00 AM - 1:00 PM for 5 days. This is the same course typically offered at in-person trainings, however unprecedented times call for unprecedented solutions.

This five-day online, interactive presentation is an advanced course that covers RD’s Section 502 direct loan program and provides invaluable insight into how this homeownership financing resource can be used in your communities. Learn how your organization can assist potential borrowers and work in partnership with RD staff in your state to deliver successful Section 502 loan packages. Through this course, designed for those experienced in using Section 502, participants will learn the regulations and practical applications of the loan program. Participants will develop a strong understanding of 502 direct underwriting and packaging standards, which will ensure that submitted loan dockets are complete and ready for processing.

This course and the on-line exam are two of the criteria required to becoming a 502 Direct Certified Loan Packager. For more information on the 502 Direct Certified Packaging Process and associated packaging fees, go to https://www.rd.usda.gov/sites/default/files/RD-SFH-BecomingAPackager.pdf, with additional resources at https://www.rd.usda.gov/programs-services/services/direct-loan-application-packagers. But most importantly participants who attend this five-day training and pass the on-line exam will be better equipped to package 502 loan applications on behalf of parties seeking USDA-RD assistance. The course is also excellent for Mutual Self-Help Housing grantees who want to build their skills in packaging loans for participating households.

The course will be held Monday, February 22, 2021 through Friday, February 26, 2021 from 9:00 AM to 1:00 PM Pacific time daily. Attending all of the days is a requirement to be able to take the certification exam. If this course offering doesn't fit with your schedule, there will be additional course offerings later this Spring by one of the approved training agencies.

For questions please contact us at rcac502training@rcac.org