Certified Education and Counseling for Homebuyers and Homeowners At Your Fingertips.
eHome America is the nation’s premier online homebuyer education program. It’s designed to be an 8 hour course and exceeds the National Industry Standards for Homebuyer Education and Counseling. The course is broken up into 6 modules: Are you ready to buy a home; Managing your money; Understanding credit; Getting a mortgage loan; Shopping for a home and Keeping your home and managing your finances.
Each module is divided into sections complete with quizzes and tests to validate the learning experience. Videos are included to supplement the learning. Clients can register and pay online in less than 5 minutes. They can log in and out as many times as needed and the system remembers where they were and takes them there. Each module contains quizzes/tests that must be passed at an 80% or higher level. Clients can retake tests they do not pass, but all test results are captured.
Agency partners can offer discounts to clients via coupon codes. The administrative panel provides detailed client tracking and reporting from registration to course completion.
Benefits of Being a Bank Partner
Meet CRA Qualifications. Promoting eHome America to your mortgage loan customers, especially first-time homebuyers, is a CRA-qualified service, and your bank’s connection and support to the eHome America agency network is a CRA-qualified investment.
An educated homebuyer is a happy homeowner. Well-informed mortgage customers help make the mortgage lending process go smoother and more efficiently; reducing processing time, costs, and increasing the bank’s productivity.
Homebuyer education reduces delinquencies. Studies show that homebuyers who receive education that meets the National Industry Standards for Homebuyer Education and Counseling are over 30% less likely to be seriously delinquent or default on their loans.
Get quality referrals and counseling resources. eHome America’s nationwide agency network works with clients in low- and moderate-income ranges, helping to provide both loan referrals and counseling resources to existing customers in this needed area.
How a Bank Works with eHome America
eHome America is pleased to announce the release of its new and condensed homebuyer education course designed specifically for those customers who may not need one-on-one follow counseling, such as customers who have higher credit scores or those who are deemed to be mortgage-ready. The course contains all of the required content for HUD-approval; exceeds the National Industry Standards for Homebuyer Education and Counseling and helps ensure customers’ success as both borrowers and homeowners, but is more condensed and somewhat shorter than eHome America’s flagship education course.
Shorter in length – takes less time to complete (4 -4.5 hours on average) while still exceeding the National Industry Standards
Shorter in length – takes less time to complete (4 to 4.5 hours on average) while still exceeding the National Industry Standards
Does not require 1:1 counseling the end of the course
Provides comprehensive home buyer education that is easily accessible and time-saving for the borrower
Course still covers financial management, budget and credit, the home buying process, and the mortgage financing process
Fully accessible via smartphone or tablet – very user friendly for millennial home buyers
Comprehensive learning experience with multiple teaching techniques, including updated animation, videos, text, and learning checks