When Bad Things Happen to Good Properties is designed to help mortgage professionals address unique and complex property related issues. This course offers an interactive learning experience that will enhance one's ability to properly underwrite loans with special conditions or circumstances.
Course Outline:
Lesson 1 - Two- to Four-Family Appraisals
- Appraisal Methods
- More Appraisal Methods
- Appraisal Case Studies
Lesson 2 - Marketability Concerns
- Easements and Encroachments
- More on Easements and Encroachments
- Excess Acreage
- External Obsolescence
- Functional Obsolescence
- Unique Homes
- Mixed-Use Properties
- White Elephants
Lesson 3 - Structural Issues
- Exterior Insulation and Finishing Systems (EIFS)
- Close Proximity to Detrimental Conditions
- Infestation and Water Related Issues (Pests, Erosion, Flooding)
- Review Questions
- Foundation/ Piers/ Land Subsidence (Foundation Fundamentals Dampness, Piers or Columns, Defining Land Subsidence, Lender Discovery)
Lesson 4 - Environmental Concerns
- Water Supply
- More On Water Supply
- Hidden Dangers (Asbestos, Lead, Mold, Radon)
Lesson 5 - Fraud
- Types of Fraud
- Fraud for Profit
- Equity Skimming
- Flip Sales (The Honest Flip Sale, The Fraudulent Flip Sale)
- Stolen Identity
- Fraud For Housing
- Resources for Mortgage Underwriters
 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 Certified Residential Underwriter (CRU Level III) Specialist Designation. |