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RC_LP_U_309.3 Freddie Mac Guidelines for Manufactured Homes

1-5 CMB Points Advanced Education Loan Production (Origination, Underwriting, Processing) Residential Self-Study Web-Based Courses
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Option Price
Member $50.00
Non-Member $100.00

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 and then addresses equity requirements for loans secured by manufactured housing. From there the course presents underwriting considerations, including eligibility and mortgage insurance requirements. It then goes on to address loan transaction 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.

This is a single-family/residential course.

Topics:
  • Property Eligibility Criteria
  • Equity Requirements
  • Underwriting Considerations
  • Loan Transaction Requirements
  • Data Entry Requirements in Loan Product Advisor
  • Collateral Considerations
  • CHOICEHome Mortgages
  • Case Studies

     

    Seat time approximately 1.5 hours.

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