RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011100-WC-W

Purchase

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.

Topics:

  • Property Eligibility Criteria
  • Equity Requirements
  • Underwriting Considerations
  • Loan Transaction Requirements
  • Data Entry Requirements in Loan Prospector
  • Collateral Considerations
  • Case Studies

    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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