CBCU03: Economic Benefit and Engineer Certification Verification Guide

Two related standards operate here, and conflating them causes real problems in a credit file: economic benefit is the statutory standard under §67.2800, while SIR ≥ 1.0 is the program requirement and the industry’s working expression of that standard. If asked whether Missouri law requires SIR, the accurate answer is no — a distinction that matters when explaining the file to an examiner. The guide then treats the certification as three things at once — an eligibility gate, an independent technical review, and a credit control — lists the eight items it must contain, gives the order a credit officer should read it in, and flags seven red flags. Closes with the sizing point for originators: underwrite the installment, not the assessment.