Description

Provides an understanding of payment posting requirements, rules related to handling partial and conforming payments, and payoff statement requirements. Describes information the periodic statement must contain related to payments, fees, transactions, contact information for the servicer and housing counselors, and statement timing, form, and content requirements.
What You’ll Learn
After completing this course, students will be able to:

Explain the requirements for prompt crediting of payments, partial payments, and payoff requests

Describe periodic statement requirements for special circumstances

Describe the content of a periodic statement

Explain when periodic statements are required and the coupon book exemption

Additional information

Audience	Anyone performing duties in consumer mortgage servicing areas who generate periodic statements and coupon books, and those responsible for payment processing.
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