Fannie Mae says InterNACHI members are qualified to do their loan inspections.

[Nick Gromicko]

This from their newly updated inspection guide:

Minimum Inspection Experience

B: Third-Party Inspector Requirements

Any third party inspector must:

• not have a financial interest in the Property inspected;
• demonstrate experience in multifamily real estate property inspections;
• be experienced in the market in which the Property is located; and
• either:
  • possess a current professional certification from any one of the following:
    • Real Estate Assessment Center (HUD) as a Certified Home Inspector, or
    • American Society of Home Inspectors (ASHI), or
    • International Association of Certified Home Inspectors (InterNACHI), or
  • State certified home inspector; or
  • be a Registered Architect (RA), or
  • be a Civil Engineer,or
  • the inspector must have successfully completed acceptable training courses in lieu of the above. Acceptable training courses include the Property Inspection Risk Management course provided by Fannie Mae or the Fannie Mae approved inspection course provided by the Mortgage Bankers Association (MBA).

The third-party inspector must notify the Servicer of any Property health and life safety issues within 48 hours after completion of the inspection. The third-party inspector cannot reassign responsibilities to another entity without the Servicer’s approval. Fannie Mae reserves the right, in its sole discretion, to notify the Servicer if the work product of any third-party inspection firm is no longer acceptable to Fannie Mae.

[Eric W. Augustin]

More Good News!

[Christopher Currins]

"the inspector must have successfully completed acceptable training courses in lieu of the above. Acceptable training courses include the Property Inspection Risk Management course provided by Fannie Mae or the Fannie Mae approved inspection course provided by the Mortgage Bankers Association (MBA)."

[John McKenna]

Good news.

[Stephen W. Stanczyk]

Originally Posted by ccurrins

"the inspector must have successfully completed acceptable training courses in lieu of the above. Acceptable training courses include the Property Inspection Risk Management course provided by Fannie Mae or the Fannie Mae approved inspection course provided by the Mortgage Bankers Association (MBA)."

One of the options. You must see the line above with the "or" at the end.

[Sean Fogarty]

I have been trying to get onboard with them for some time and every attempt does nothing but have me talk to confused and unwilling people. I would love to know who to talk to to get so called qualified to do their inspections.

[Nick Gromicko]

You don't have to take the course if you are an InterNACHI member.

[Christopher Currins]

Originally Posted by gromicko

You don't have to take the course if you are an InterNACHI member.

I see that now, Stephen pointed it out, I was reading to fast.

What type of Fannie Mae loans does this refer to, is this for foreclosures?

[William C. Chandler]

We need an emblem...Fannie Mae Qualified Multi-Family Inspector

To print on web and business cards, etc.

Please??

[Ron Chorey II]

Where do you find this info on Fannie Mae's web site?

[Nick Gromicko]

The guide isn't published yet, they just gave me a sneak peek.

[Benjamin R. Martin]

Does Anyone have the address or phone to get listed on the Fan Mae inspection site
Benjamin Martin

[Dub Smith]

Would this help at all in trying to get on the Inspectors Roster with HUD and FHA?

[Glenn E. Lowe]

Originally Posted by bmartin1

Does Anyone have the address or phone to get listed on the Fan Mae inspection site
Benjamin Martin

I am new to this business and would like some help or direction to solicit business from forclosures. It has been my experience that law firms do not get involved, trouble finding the correct dept within financial organization, or whomever to aquire business from, any suggestions or help?

[Pelekalo Gun]

Thanks for the good news .....interesting