Multifamily Property Inspection Workshop

Multifamily Property Inspection Workshop
Public Course Delivery Method: Classroom Course
Duration of Course: 2 days

About this Course

MBA has established property inspection “best practices” which requires adequate training and experience for all individuals (primarily underwriters and servicers) inspecting multifamily real estate financed by Fannie Mae and Freddie Mac. Proper inspection training is a key component of the best practices and is a requirement of both Government Sponsored Entities (GSEs). MBA, working together with Fannie Mae and Freddie Mac, have created the Multifamily Property Inspection (MFPI) training course which is accepted training by both agencies.

The training is a comprehensive two-day classroom course which reviews the important points in conducting a multifamily property inspection. The training provides important steps to ensuring an effective property inspection, tips for conducting an informative property management interview and the importance of evaluating observable market conditions. The course also reviews the major building components and building materials used in construction, discusses problem areas and provides examples of how deficiencies can be repaired. Interwoven throughout the training, is a discussion of Fannie Mae and Freddie Mac requirements as well as basic laws and regulations affecting a property.

Students have the opportunity to interact with the instructors who are experts in property inspection and environmental concerns, the lender perspective, as well as representatives from Fannie Mae and Freddie Mac throughout the two day training. The course concludes with a final online assessment to earn the MBA’s Certificate of Completion.

Why Should I Attend? 

  • Understand how to perform effective, efficient inspections
  • Understand the physical and environmental concerns and accessibility requirements that impact multifamily real estate
  • Produce action plans that can be implemented immediately
  • Learn inspection best practices from property assessors and environmental experts
  • Learn how to complete the MBA standard inspection form required by Fannie Mae and Freddie Mac
  • Network with industry participants and experts
  • Become MBA certified to perform inspections in just two days (subject to successful completion of the final exam and related experience requirements)

Objectives: 

  • Develop detailed property inspection plan
  • Recognize key building components of a multifamily property’s physical condition • Identify common environmental hazards
  • Interpret accessibility regulations that impact certain properties
  • Define property inspection and building component terminology
  • Produce accurate and complete property inspection reports meeting Fannie Mae and Freddie Mac requirements

Who Should Attend?

  • Originators
  • Underwriters
  • Servicers/Asset Managers
  • Individuals required to inspect multifamily financed by Fannie Mae and Freddie Mac
  • Individuals who work for other lending platforms or in other areas of commercial real estate (marketing, law, appraisal, accounting) and want to learn more about the physical components of a multifamily property.

Instructors: Course instructor(s) are experienced property assessors, environmental experts, lender representatives, and Fannie Mae and Freddie Mac representatives.

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