Explaining Loan Modifications

Course Number: ABA

Course Code: ABA

The role of loan modifications and how they apply to various borrower circumstances is discussed. Learn to identify eligibility requirements and procedures for obtaining a loan modification and identify how to avoid falling victim to loan modification scams along with resources available for reporting.

Produced by Ellie Mae/ AllRegs┬«

What You’ll Learn

After completing this course, students will be able to:

  • Identify the role of loan modifications within the mortgage lending industry
  • Share insight on how loan modifications apply to various borrower circumstances
  • Identify key components mortgage components such as DTI, LTV, and various mortgage terms
  • Define Loan Modification
  • Identify loan modification options
  • Apply loan modification options to homeowners
  • Identify fraudulent loan modification scams

Audience: Loan Originators, Underwriters, Processors

Prerequisites: None

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Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00

Credits: n/a

Length:

ABA Training