OnTheLevel is a one stop shop for lenders and homeowners that are involved in a manufactured home loan or real estate transaction. Whether you need an engineer's certification on a foundation or a foundation repair, we have a national network of service providers and licensed contractors to provide turn-key solutions.
For the loan officer, processor or underwriter we can provide support with your manufactured home transactions by facilitating the engineer's certifications of the foundation. The engineer's certification specifies that the foundation complies with the HUD Permanent Foundation Guide for Manufactured Homes (PFGMH - HUD 7584), a requirement for all FHA-insured loans which include Home Equity Conversion Loans (Reverse Mortgage) Loans. If the foundation does not comply for any reason, we can also expedite the requisite repair to meet the engineer's repair or retrofit specifications. Generally all costs associated with certifications or repairs can be paid out of loan closing.
For the homeowner interested in selling his/her home or the borrower looking for a loan, the engineer's certification is frequently the final sales or loan condition.