Commercial/Multifamily: Overview of Commercial Insurance Compliance 2021

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  Regular
MBA Member Price $0.00
Non-Member Price $399.00

Description

Series Schedule

CMF Series 2021 Schedule:
Commercial/Multifamily: Commercial Insurance Issues and Problems - January 14, 2021Commercial/Multifamily: Catastrophic Insurance - March 18, 2021 
Commercial/Multifamily: Self-Insurance, Captives and Fronting - May 11, 2021
Commercial/Multifamily: Ordinance or Law Insurance - July 27, 2021
Commercial/Multifamily: General, Umbrella, and Professional Liability Insurance - September 14, 2021Commercial/Multifamily: Overview of Commercial Insurance Compliance 2021 - October 14, 2021Commercial/Multifamily: Commercial Insurer Ratings and Property Claims - November 16, 2021

CMF Series 2022 Schedule:
Commercial/Multifamily: Builder’s Risk Insurance: Analysis & Perspectives - March 9, 2022
Commercial/Multifamily: Essential Overview of Business Income Insurance - July 13, 2022
Commercial/Multifamily: Commercial Insurance Compliance 2022 - October 6, 2022

Series Summary

Commercial insurance is a complex and dynamic component of the real estate finance industry. In recognition of the training needs of our members, MBA Education has developed a comprehensive program covering the various elements of commercial insurance. In collaboration with Insurance Advisors LLC and Fortress Risk Consultants LLC, MBA Education will offer 12 webinars over the course of a two year period covering the following four categories:

1) Introductory and Overview

2) Types of Commercial Insurance

3) Commercial Insurance Industry Processes

4) Commercial Insurance Compliance

Our goal is for MBA members to develop a better understanding of everything from the fundamentals to the complexities of commercial insurance

Summary

There is a complex and detail oriented process that needs to be followed, in order to comply with the insurance requirements of various capital sources in the multifamily lending industry. This webinar will detail the best practices to be followed in order to satisfy the various constituencies in this sector. Each capital source has their own unique set of insurance requirements. And even though each lender (with minor exceptions) requires the same set of insurance policies, each entity has their own perspective as to what is important about each coverage part. This seminar will put a framework around the high-level differences between the various GSE’s insurance requirements.

In order to get insurance compliance done correctly, the insurance review has to be done in a very specific order, while compiling a lengthy set of documents. Each of those documents needs to be analyzed in detail for Limits, terms and conditions that will satisfy the needs of each lender. We will also discuss the differences in the analysis for loans in different stages, such as refinances, acquisitions, assumptions, etc. Each of these loan types drive a difference methodology in the review process.

Finally, some items have to be delivered before closing, and some can be delivered post-closing. This seminar will educate the audience on what these items are, and discuss why some can be deferred.

 

Time

2:00-3:30 PM ET

Experience Level

  • Entry-Level
  • Intermediate

Who Should Attend?

  • Real Estate Owners & Investors
  • Insurance Directors
  • Loan Closers & Underwriters
  • Commercial Servicers
  • Others concerned with insurance matters, such as attorneys and consultants who work within the real estate industry

Speaker(s)

  • Mike McDaniel, President & Owner, Fortress Risk Consultants, LLC