Home  ::  Log In  ::  Search :: 
EVENTS
Classroom-Based Programs
Conferences and Workshops
Instructor-Guided Online Courses
Live Webinars

PRODUCTS
Designations and Certificates
Magazine and Newsletter Subscriptions
Market and Research Data
Publications and Guides
Self-Study Web-Based Courses
Webinar Recordings and Packages

CC_S_205.3 Essential CMF Insurance Considerations
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011232-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a commercial/multifamily course.

There are many challenges that servicers face when dealing with commercial/multifamily insurance coverage in mitigating the risk of loss to lenders. In some instances the course of action is clear, but in other instances the insurance professionals may disagree about what is required for adequate protection. Frequent litigation also requires insurance providers to stay abreast of the latest legal decisions and interpretations of coverage requirements or provisions.

Essential CMF Insurance Considerations explores the most pressing insurance issues and offers servicers some potential courses of action, alternatives, methods, or approaches to successful resolution. It begins with a look at force-placed insurance and how it is used in commercial/multifamily lending. Next, the course looks at the strategies that servicers employ to ensure proper insurance coverage is secured on a property, including obtaining proper evidence of coverage and verification of compliance with lender insurance requirements. The course then explores the challenges servicers face with blanket policies, layered policies, and scheduled policies. Next, the course examines the importance of obtaining law and ordinance coverage and some of the potential risks that lenders face if this coverage is not secured. Finally, strategies that servicers employ when handling tenant insurance coverage issues are discussed.

Topics:

  • Force-Placed Insurance
  • Servicer Insurance Requirements
  • Blanket, Layered, and Scheduled Policies
  • Law and Ordinance Endorsement
  • Tenant Insurance Challenges

    Seat time approximately one (1) hour.

    Copyright 2016.

     
  •  
    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:
    DL2-011232-WC-W 
     
    Title:
    CC_S_205.3 Essential CMF Insurance Considerations 
     
    You may also be interested in these products...
    CC_S_205.1 CMF Insurance Compliance Fundamentals
    $49.00/$79.00
    Details
    CC_S_205.2 Types of CMF Insurance
    $49.00/$79.00
    Details
    CC_S_205.4 CMF Insurance Compliance Review
    $49.00/$79.00
    Details


       Terms of Use & Privacy Statement

    Copyright © 2019 Mortgage Bankers Association.  All rights reserved.