| Underwriting Manufactured Housing is designed to assist lenders in effectively analyzing risk associated with manufactured home loans. This course provides explanations and examples of different types of factory built housing, manufactured housing definition for agency consideration, data entry, underwriting requirements, and appraisal documentation.
Course Outline:
Lesson 1 - Introduction to Manufactured Housing
- History of Manufactured Housing
- Manufactured Housing Defined
- Manufactured Housing Features
- How Was It Built?
Lesson 2 - Fannie Mae Underwriting Guidelines for Risk Evaluation
- Property Eligibility
- Equity Requirements
- Underwriting Notes
- Loan Transaction Requirements
- Data Entry Requirements for Desktop Underwriter®
- Collateral Review
- Case Studies
Lesson 3 - Freddie Mac Underwriting Guidelines for Risk Evaluation
- Property Eligibility
- Equity Requirements
- Underwriting Notes
- Loan Transaction Requirements
- Data Entry Requirements for Loan Prospector®
- Collateral Review
- Case Studies
 CampusMBA is
offering the CRU designation through a partnership with Genworth Financial.
Genworth's underwriting courses and content have been implemented into the program
curriculum to enhance CampusMBA's current offerings to the real estate finance industry.
Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Residential Underwriter (CRU Level II) Professional Certificate. |