RC_LP_U_308.2 Fannie Mae Construction/Perm Guidelines

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011126-WC-W

Purchase

This is a single-family/residential course.

Fannie Mae Construction/Perm Guidelines examines Fannie Mae's guidelines for underwriting construction-to-permanent loans.

The course begins with a discussion of transaction types, including the criteria for determining whether the transaction is considered by Fannie Mae to be a single-closing or a two-closing transaction and whether the loan purchase should be purchase or refinance. It then reviews underwriting guidelines for Fannie Mae construction-to-permanent loans, including equity requirements, escrow holdbacks, term of loan, transaction type, property type eligibility restrictions, and age of documentation. Finally, the course addresses the proper application of the data into Fannie Mae's automated underwriting system, Desktop Underwriter®(DU®).

Topics:

  • Transaction Types
  • Underwriting Guidelines
  • Data Entry Requirements
  • Case Studies

    Seat time approximately one (1) hour.

    Copyright 2018.

  • 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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