Description

Covers the conditions for a loss mitigation application receipt and obligations of forbearance and repayment plans, and the requirements for providing a notice of complete application and denial circumstances. Identifies how a determination notice is used for a loss mitigation offer, conditions for acceptance or rejection, and conditional non-home options.
What You’ll Learn
After completing this course, students will be able to:

Identify when loss mitigation rules apply

Describe how a loss mitigation application is reviewed

Explain requirements when evaluating loss mitigation applications and loss mitigation offers

Describe the timing and content of a determination notice for loss mitigation applications and loss mitigation offers

Explain the servicers obligation for loan modifications and appeals

Additional information

Audience	Anyone performing duties in consumer mortgage servicing areas who have live contact with borrowers.
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