Home  ::  Log In  ::  Search :: 
EVENTS
Classroom-Based Programs
Conferences and Workshops
Instructor-Guided Online Courses
Live Webinars

PRODUCTS
Designations and Certificates
Magazine and Newsletter Subscriptions
Market and Research Data
Publications and Guides
Self-Study Web-Based Courses
Webinar Recordings and Packages

RC_LA_DA_200.2 Default Administration Functional Areas
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011044-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Unfortunately, some borrowers will experience difficulty meeting their payment obligations. In extreme instances, this may lead to a foreclosure, which generally results in a loss for all parties: borrower, lender/investor, and servicer. Default and foreclosure losses are one of the leading risk factors in mortgage lending and mortgage servicing. The default administration group is responsible for the mitigation of loss resulting from a borrower default.

Default Administration Functional Areas describes the roles and responsibilities of the default administration group. The course begins with a high-level overview of the functions of default administration. It then describes the different functional areas that make up a typical default administration group (collections, loss mitigation, foreclosure, bankruptcy, real estate owned, property preservation, and default reporting), providing an overview of the objectives and tasks of each area.

Topics:

  • Default Administration Functions
  • Collections
  • Loss Mitigation
  • Foreclosure
  • Bankruptcy
  • Real Estate Owned
  • Property Preservation
  • Default Reporting

    Seat time approximately one (1) hour.

    Copyright 2019.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.  
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011044-WC-W 
     
    Title:
    RC_LA_DA_200.2 Default Administration Functional Areas 
     
    You may also be interested in these products...
    RC_LA_DA_200.1 Working in Default Administration
    $49.00/$79.00
    Details


       Terms of Use & Privacy Statement

    Copyright © 2019 Mortgage Bankers Association.  All rights reserved.