502.01

MBA Standard Inspection Form

The Mortgage Bankers Association (MBA) Standard Inspection Form must be used for all PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code). inspections, unless a Catastrophic EventCatastrophic EventNatural or man-made hazard resulting in an event of substantial extent causing significant physical damage or destruction, loss of life, or drastic change to the natural environment such as earthquake, flood, terrorist attack and windstorm. has occurred, and the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). must complete the Fannie Mae PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code). inspection rating on the Fannie Mae Assessment Addendum (“Fannie Mae Assmt Addendum”) tab of the MBAMBAMortgage Bankers Association Standard Inspection Form.  For any inspection after a Catastrophic EventCatastrophic EventNatural or man-made hazard resulting in an event of substantial extent causing significant physical damage or destruction, loss of life, or drastic change to the natural environment such as earthquake, flood, terrorist attack and windstorm. , the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). must instead use the Multifamily Catastrophic Loss Inspection form (Form 4261).

The following tabs of the MBAMBAMortgage Bankers Association Standard Inspection Form must be completed for all PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code). inspections:

  • General Information Tab (“General Info”);
  • Physical Condition & Deferred Maintenance Tab (“Physical Condition & DM”);
  • Photos Tab (“Photos”);
  • Rent Roll Tab (“Rent Roll”);
  • Maps Tab (“Maps”);
  • Management Interview Tab (“Mgmt Interview”);
  • Multifamily Tab (“Multifamily”);
  • Fannie Mae Assessment Addendum (“Fannie Mae Assmt Addendum”); and
  • For Seniors HousingSeniors HousingMultifamily residential rental property with any combination of Independent Living, Assisted Living, Alzheimer’s/Dementia Care, or Skilled Nursing units. properties only: Seniors Supplement Tab (“Senior Supplement”).