CC_S_204.5 Communicating CMF Surveillance Findings

MBA Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011229-WC-W

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PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.

If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.

This is a commercial/multifamily course.

The servicer is responsible for reporting commercial/multifamily surveillance findings to investors as set forth in the servicing agreement. The servicer may also be responsible for taking steps to minimize loss when a loan goes into default. This may involve either a workout or a liquidation of the property.

Communicating CMF Surveillance Findings looks at ways servicers communicate surveillance findings. It begins with a look at the types of reports that servicers must prepare for investors, focusing on remittance reports, delinquency reports, financial reports, inspection reports, and the Significant Insurance Event Report. Next, it examines the watchlist report, noting differences in watchlist reporting for portfolio and CMBS investors. The course then addresses the servicer's obligations to the rating agencies, who may require information from servicers in certain situations in order to evaluate bond ratings of CMBS pools. Finally, it describes steps the servicer may be required to take to minimize loss when loans default, including workout options such as forbearance and restructuring or liquidation options such as sale of the property, sale of the note, or discounted payoff.

Topics:

  • Reporting
  • Watchlist Reporting
  • Rating Agencies
  • Next Steps

    Seat time approximately one (1) hour.

    Copyright 2019.

  • Notes

    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

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