Client
Pre-approved items that can be completed without going to the client.
What is Allowable/Flat Fee
The acceptable per unit cost for each applicable expense item
What is Unit Price
Initial grass cuts for FNMA can be billed once how many times?
What is Once for life of loan
If a HUD allowable is over $5k but the line allowable is still available, we still have an allowable
What is False
Three examples of unacceptable winterization tools
What is (Any of these): Bike pumps, fittings without a vacuum seal, human lungs, non-mechanical air tanks, saran wrap.
Spreadsheets that obtain the SOW (statement of work) and relative information to assist with bids and work orders.
What is Client Reference Guides
The dollar amount within which the Servicer may complete needed work without seeking pre-approval from Freddie Mac via the Reimbursement System.
What is Expense Limit
FNMA prefers carpet removal to be bid as.
What is Debris
Fire, Tornado, Hurricane, Boiler Explosion, Vandalism and Earthquake are considered the "Big 6" of HUD.
What is False. Fire, Tornado, Hurricane, Boiler Explosion, Vandalism and Theft.
Name 3 examples of types of systems that should not be winterized.
What is (any of these): Radiant Floor Systems, High dollar homes (Over $500k), Homes with hardwood flooring in good condition, Geothermal Systems, Freeze damaged hardwood floor, Industrial Boilers, Shared water systems, Fire Sprinkler Systems
When 1 of these 4 items (radiant flooring, shared property, dehumidifier and/or sump pump) is seen at the property, what should be requested?
What is Utilities/electricity
Servicers must comply with unit pricing guidelines when completing preservation work. If work cannot be completed within unit price but within the expense limit, what needs to be attached to bid.
What is Client Priced CE
FNMA's system of record for bid uploads
What is HomeTracker
Turbo Heaters should be used to thaw a property
What is True
2 examples of types of wet systems
What is (any of these): Recirculating boilers, monoflow, steam, radiant floor
The acronym for Real Estate Owned
What is REO
FHLMC's system of record for bid uploads
What is Uploading System
Regardless of fence/lanai/gate being present, below-ground pools must be covered using what type of pool cover?
What is Polypropylene
All discoloration must be bid per room and on separate service lines for FNMA loans.
What is True
The type of antifreeze added to plumbing traps to prevent them from freezing
What is RV or non-toxic antifreeze
Late/inaccurate inspections expose the clients and Xome to
What is Financial loss
The allowable we may use to address vines and saplings.
What is Shrub Trimming
Two bids must be submitted simultaneously for this type of service.
What is Tree removal
The roofing material layer between the roof truss and the underlay is called ice and water shield.
What is False - Decking
Where vendors can download a copy of the winterization posting
What is FAStrack/Vendor Tools/Download Posting Documents