Description
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 avoidfalling victim to loan modification scams along with resources available forreporting.
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
