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RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011100-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

The underwriting requirements addressed in this course have been designed to assist lenders in originating and closing loans to qualified borrowers who are able to repay the mortgage and maintain an acceptable credit rating. Lenders and borrowers benefit from automated risk evaluation in the loan application, approval, and closing process.

Freddie Mac Guidelines for Manufactured Homes reviews Freddie Mac's credit and collateral underwriting guidelines along with Loan Prospector criteria for manufactured home loans. It begins with a discussion of property eligibility criteria. Next, it addresses equity requirements for loan secured by manufactured housing. It then presents underwriting considerations, including required verifications and mortgage insurance requirements. The course goes on to address loan transaction requirements and data entry requirements for LP. Toward the end of the course, collateral review and appraisal report criteria are reviewed. Finally, the course ends with two case studies.

Topics:

  • Property Eligibility Criteria
  • Equity Requirements
  • Underwriting Considerations
  • Loan Transaction Requirements
  • Data Entry Requirements in Loan Prospector
  • Collateral Considerations
  • Case Studies

    Seat time approximately one (1) hour.

    Copyright 2015.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011100-WC-W 
     
    Title:
    RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes 
     
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