CC_S_200.3 Common Commercial/Multifamily Borrower Requests

Commercial / Multifamily Commercial Certified Mortgage Servicer (CCMS) Education Loan Administration & Servicing Self-Study Web-Based Courses
Share to
Option Price
Member $50.00
Non-Member $100.00

One of servicer's primary responsibilities is to handle various requests from the borrower. These requests usually originate from some business need regarding the upkeep or maintenance of the property or are related to various tenant issues. The servicer possesses extensive knowledge of real estate transactions and the marketplace, and typically can immediately assess when a borrower request does or doesn't make sense, even before reviewing the required documentation.

Common CMF Borrower Requests looks at some of the more common or arguably "routine" borrower requests that the servicer may receive. They are considered "routine" not necessarily because they are frequent or easy, but because the handling of these requests is fairly standardized. Although some of the requests may require credit decisions or may be time-consuming, most of the requests in this course are more task-oriented and require less discretion than some of the special requests that servicers receive.

This course begins with a look at some considerations in the general handling of borrower requests. Then it examines various types of borrower requests in turn: reserve draws, lease reviews and subordination requests, defeasance, ground leases, easements, condemnations, property management company changes, and budget approvals. As applicable for each type of request, the course describes the servicer’s role, common issues, additional considerations, required documentation, and more.

This is a commercial/multifamily course.

Topics:
  • Introduction to Borrower Requests
  • Reserve Draws
  • Lease Reviews and Subordination Requests
  • Defeasance
  • Ground Leases
  • Easements
  • Condemnations
  • Property Management Changes
  • Budget Approvals

     

    Seat time approximately 3 hours.

    Copyright 2023.

  • Pardon our Dust!

    MBA is conducting scheduled maintenance on our website beginning on the evening of October 4th through the weekend. During this time, you may experience disruptions as we make updates to our system. The following systems and functions will be impacted:

    • The ability to purchase products, register for meetings, or enroll in webinars or courses
    • The ability to view or make any updates to your account via MyMBA

    Thank you for your patience and for visiting MBA.org. OK