FHA Property Inspections
The course begins with a review of procedures for bidding and payment of claims under the Claims Without Conveyance of Title program. Next, we review a mortgagee鈥檚 responsibility for taking reasonable actions to protect the value of the collateral property until title can be conveyed to HUD.
Whenever the President declares a major disaster, the mortgagee may be required to implement servicing related procedures for the eligible designated area. This course describes the process for servicing impacted loans.
What will I learn?
By the end of this course, you should be able to:
- Review claims without conveyance of title (CWCOT)
-
Discuss property inspection, preservation, and protection requirements
-
Describe the process for servicing loans in Presidentially Declared Major Disaster Areas
Course Length
40 mins
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.
*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.