RC_LP_U_309.2 Fannie Mae Guidelines for Manufactured Homes
Fannie Mae Guidelines for Manufactured Homes reviews Fannie Mae's credit and collateral underwriting guidelines along with Desktop Underwriter (DU) criteria for manufactured home loans.
The course begins with a discussion of property eligibility criteria. Next, it addresses equity requirements for loans secured by manufactured housing. It then presents underwriting considerations. The course goes on to address loan transaction requirements and data entry requirements for DU. Toward the end of the lesson, collateral review and appraisal report criteria are reviewed. The course ends with two case studies that give learners the opportunity to apply Fannie Mae guidelines to realistic scenarios.
This is a single-family/residential course.
Seat time approximately 1 hour.