School of Multifamily Property Inspections

MBA has established property inspection "best practices" which require adequate training and experience for all individuals (primarily underwriters and servicers) inspecting multifamily real estate financed by Fannie Mae and Freddie Mac. Property inspection training is a key component of the best practices and is a requirement of both government sponsored enterprises (GSEs). MBA, working together with Fannie Mae and Freddie Mac, have created the School of Multifamily Property Inspection training course, which is accepted training by both GSEs.

During this course, students will gain a sound understanding of the following topics:

• Fannie Mae and Freddie Mac requirements as well as basic laws and regulations affecting a property.
• Important points and steps in conducting an effective multifamily property inspection.
• Tips for conducting an informative property management interview.
• The importance of evaluating observable market conditions.
• Overview of major building components and building materials used in construction.
• Potential problem areas and how deficiencies can be repaired.

The Details

The course is currently being presented in person in a classroom setting or virtually, using a blend of self-study and instructor-guided online learning. The course includes a series of live webinars, presented via Zoom, allowing the participants to interact with the instructors and each other. Course materials and the final exam are available through MBA Education's learning management system.

Course Delivery Method: Classroom or Online Course
Duration of Classroom Course: Two consecutive days
Duration of Online Course: Two consecutive weeks
Elements: Live virtual sessions/calls, live polling, practice questions, and final exam

Who Should Attend

• Originators
• Underwriters
• Servicers/Asset Managers
• Individuals required to inspect multifamily financed by Fannie Mae and Freddie Mac
• Individuals who work for other lending platforms or in other areas of commercial real estate (marketing, law, appraisal, accounting) and want to learn more about the physical components of a multifamily property.