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

gromicko · July 21, 2011, 10:44pm

This from their newly updated inspection guide:

Minimum Inspection Experience

B: Third-Party Inspector Requirements

Any third party inspector must:

[ul]
[li]not have a financial interest in the Property inspected;[/li][li]demonstrate experience in multifamily real estate property inspections;[/li][li]be experienced in the market in which the Property is located; and[/li][li]either:[/li][LIST]
[li]possess a current professional certification from any one of the following:[/li][LIST]
[li]Real Estate Assessment Center (HUD) as a Certified Home Inspector, or[/li][li]American Society of Home Inspectors (ASHI), or[/li][li]International Association of Certified Home Inspectors (InterNACHI), or[/li][/ul]

[li]State certified home inspector; or[/li][li]be a Registered Architect (RA), or[/li][li]be a Civil Engineer,or[/li][li]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).[/li][/LIST]

[/LIST]
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.

eaugustin · July 21, 2011, 11:55pm

More Good News! :mrgreen:

ccurrins · July 22, 2011, 12:10am

“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).”

jmckenna1 · July 22, 2011, 1:06am

Good news.

sstanczyk · July 22, 2011, 1:11am

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

sfogarty · July 22, 2011, 1:17am

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.

gromicko · July 22, 2011, 2:52am

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

ccurrins · July 22, 2011, 3:07am

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?

wchandler · July 23, 2011, 2:10pm

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

To print on web and business cards, etc.

Please??

rchorey · July 23, 2011, 10:18pm

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

gromicko · July 23, 2011, 10:27pm

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

bmartin1 · July 24, 2011, 12:09pm

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

dsmith21 · September 18, 2011, 11:23pm

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

glowe · September 20, 2011, 4:45pm

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 · September 23, 2011, 3:31pm

Thanks for the good news …interesting

jkeilson · September 24, 2011, 1:27pm

Same here Sean. Maybe NICK can get us a personal NACHI rep we can contact to get on their approved list?

NICK ???

Jim

mwilliams3 · August 6, 2012, 3:56pm

have you got anywhere with fannie mae loan inspection
if so who did you contact
Marty

cadams2 · August 18, 2012, 3:15am

Excellent.

Home inspector credentials are in the news up here in Canada today.

Here is an excerpt from my blog:

http://mapletrustinspections.com/home-inspection-credentials/#more-914

WHAT IS THE NEWS ABOUT? WHAT ARE THE PROPOSED CHANGES TO HOME INSPECTION CREDENTIAL REQUIREMENTS?

The news is that the Canadian Standards Association is partnering with the National Home Inspector Certification Council to add a new home inspector designation to the pile. The NHI or National Home Inspector is another in the long list of possible routes to become a home inspector. At the moment there is only 500 inspectors with this designation across Canada. The theory is that NHI will become the designation of choice, but that remains to be seen, as it would require “processing” all the home inspectors in Canada who aren’t currently deemed NHI, most of whom already meet Provincial, National and even International home inspection qualification standards layed out by their respective organizing bodies.

What is the short story? What should I look for when it comes to home inspection credentials?

InterNachi is the largest and most reputable association of certified home inspectors in North America. They turn down more than 60% of the inspectors who want to join because they can’t pass the entrance exam. Then InterNACHI turns down 90% of those left because they can’t fulfill the strict membership requirements. Check out http://www.nachi.org/blind.htm for more.

jrufo2 · April 26, 2017, 1:34pm

Is this still the correct info for inspecting Fannie Mae foreclosures

ksmith66 · January 12, 2022, 12:45am

Is anyone still following this item?
And have you found how to get ahold of these servicers?