Basic Knowledge is a detailed video explaining prerequisite information and basic knowledge by addressing the following:
What does a Consultant Do?, Major differences between what a Home Inspector does vs. a HUD Consultant, The Department (HUD) & Regulation, FHA Single Family Housing Policy Handbook/HUD Guidelines, Consultant Liabilities, Consultant Priorities & Advocacy, Continuing Education Focus Groups, Loan Types, Lender Participants, What is Feasibility?, Definitions, Minimum Property Standards, Software Choices, Consultant Fees, and Additional Services & Skills
6 Educational Module videos Include:
Module 1: (see Basic Knowledge description above)
Module 2: Introductions and Expectations, Your professional Resume and the role of the HUD Consultant; Chronology of events; Buyer and Realtor Expectations, Buyers responsibilities for empowerment; Consultants Responsibilities, Fee Ranges from guidelines, New Contacts Sheet questions with Buyers brief explanation of repairs, Contractor Requirements, Method used for estimating, Your Reporting and activity Status, Scheduling a Site Visit/Timeline to complete, Fees and Services, Confirmation
Module 3: Initial Site Visit, Feasibility through Consultant Inspection, Consultants Preliminary Assessment of Materials & Costs, Recommendations, Performance Standards, Contractor Instructions, Consultant Inspection, Construction Assessment,
What’s Next?
Module 4: The Work Write Up, Knowing the 35 Categories; Separation of Work Items accordingly, Components of a Work Write Up, Additional Inspection requirements, Allowable Fees, Contingency Reserve, Permits and Certifications, Defaults and Work Items, Distribution of Work Items in applicable Categories w/ Descriptions, Locations and specificity of Comments for repairs, Recap of Subtotals, Architectural Exhibits, Contractor Bids, Appraisal/Underwriter Comment & Inclusions, Report Overlays, Line Item Checklist/Sending your Report
Module 5: Draw Inspections, Selecting the Fee Inspector, What is a Draw Inspection?, Providing instructions to the parties, Overlay Adjuncts, Multiple Contractors (3); What’s the process?, Permits, Material Payments, Self-Help, Plan Review, Irregularities; When to contact the lender, Compliance Inspections, Dry Draw Inspection, Exit Draw; Termination or Withdrawal, Pay Down on Principal Balance Inspections, Contingency Reserve Reconciliation, Change Orders; Health & Safety, Desired and Administrative, Additional Services and Fees, Conflict Resolution, Contractor Termination
Module 6: Circumstances, Recusing Yourself or replacement as Consultant, Consultant Termination, Arbitration, Specification Triage; closing out a project
6 Fundamentals videos include:
Also included are downloadable Microsoft Word versions of the Modules & Fundamentals videos.
Reduces your learning curve by 70%! In-depth training on how to build your program for effective estimating.
TRAINING VIDEOS INCLUDE:
Loading Pricing Defaults;
The 35 HUD Categories;
The Method of Estimating;
Using Comments & Defaults;
Estimating Techniques;
Risk Management & Exhibits;
Also Includes the following: