Mortgage Servicing: Force-Placed Insurance

$95.00

SKU: 10258 Category: Tag:

Description

Covers specific requirements for when servicers can purchase force-placed insurance, what guidance exists for fees, how servicers seek repayment of advanced premiums, and how servicers handle loans with force-placed insurance in foreclosure and the cancellation of force-placed insurance when it is no longer needed.
What You’ll Learn
After completing this course, students will be able to:

  • Identify to which loans the Servicing Rules force-placed insurance requirements apply and what insurance types constitute forced-placed insurance
  • Describe how the Servicing Rules address FDCPA liability pertaining to debt collection
  • Explain the Servicing Rules’ notice requirements for force-placed insurance
  • Describe the Servicing Rules requirements that pertain to handling force-placed insurance transactions
  • Additional information

    Audience

    Anyone performing duties in consumer mortgage servicing areas devoted to asset securitization.

    Credits

    1.0 CRCM

    Member Price

    95.00

    Non-Member Price

    130.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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