RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
Freddie Mac Guidelines for Manufactured Homes reviews Freddie Mac's credit and collateral underwriting guidelines along with Loan Product Advisor (LPA) 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, including eligibility and mortgage insurance requirements. The course goes on to address loan transaction requirements and data entry requirements for LPA. Toward the end of the course, collateral review and appraisal report criteria are presented. Finally, the course ends with two case studies that allow learners to practice with realistic scenarios.
Seat time approximately one (1) hour.