Nationwide: MH-Processing is a network of manufactured home professionals and consultants who can streamline the process of providing nationwide permanent foundation repairs (retrofits) and engineering certifications of foundations for HUD-compliant loans. If a borrower has a manufactured home and owns the land upon which the home sits, a lender will generally require proof that a permanent foundation has been installed. Additionally if the loan is FHA-insured (sometimes VA), an engineer's certification of the foundation specifying that the home meets HUD guidelines will be required. If you are a borrower, we can work directly with your lender to meet the loan guidelines. If you are a realtor or lender, we can move quickly and efficiently to service your transactional needs.
In California we provide a specialized service, tackling troublesome title conversion issues which can usually only be resolved by working with building departments and/or the State Department of Housing and Community Development (HCD). To that end, MH-Processing connects contractor competence with documentary compliance so that errors can be avoided or past mistakes can be corrected. With our working knowledge of titling, relationship with HCD, understanding of HUD insignias, legal procedure and filing requirements, we are happy to work with your escrow, title company, legal or underwriting team to get a 433A recorded in a timely manner.
Unfortunately there have been critical past missteps in the lending, escrow and title arenas, often resulting in different names on home and title or non-existent lenders still showing as the legal owners of the property. This creates burdens on investor portfolios, possible HUD/ FHA insurance denials, and improperly securitized instruments to protect the lender or investor at the time of default.
With MH Processing at the helm, you can usually count on us to fast-track troublesome manufactured home files. Our 25 years of field experience, coupled with our 15 year track record with lenders gives us the know-how to overcome bureaucratic obstacles. We are able to anticipate varying building permit fees and requirements, inconsistent interpretations of the state code among city and county building departments, the tempermental personality traits of building technicians and inspectors, ultimately acquiring the paperwork for the documentary evidence that is the heart of title perfection.
The 433A is a recorded document also known as: "NOTICE OF MANUFACTURED HOME (MOBILEHOME) OR COMMERCIAL MODULAR INSTALLATION ON A FOUNDATION SYSTEM".
California has one of the most complex procedures for the conversion of a manufactured home from personal to real property. Whether you are dealing with a new transaction or a case of a former error in titling, we have a team of professionals experienced in navigating the murky waters of California's manufactured housing title issues.
One of the requirements of all FHA-insured loans and some VA loans is that an engineer certify that the manufactured home's foundation comply with THE PERMANENT FOUNDATION GUIDE FOR MANUFACTURED HOMES (PFGMH), dated September 1996 with a written site-specific letter, stamped with his/her Seal.