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RC_LA_DA_301.3 Loss Mitigation Options
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011050-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Servicers have a number of tools and programs available to help borrowers in distress and to mitigate losses for all parties involved in a loan transaction. Ideally, options may allow borrowers to keep their home, but even in cases where this is not possible, there are solutions to help better manage and contain the loss. Successful solutions mitigate distress and financial burden for borrowers and their communities, as well as investors, lenders, and servicers. This course explores specific loss mitigation options and discusses how individual situations are evaluated to determine the appropriate course of action.

Loss Mitigation Options examines the basic types of retention and disposition loss mitigation options. We begin with an overview of these options and the factors that determine whether a retention or disposition option is the better choice for a particular situation. Next, we examine the various retention options such as reinstatement and repayment, forbearance, claims, loan modification, and refinance strategies. We conclude by presenting options that involve disposition of the property: short sales and deeds-in-lieu of foreclosure.

Topics:

  • Paths of Loss Mitigation
  • Reinstatement and Repayment Plans
  • Forbearance
  • Claims
  • Loan Modification
  • Refinance Strategies
  • Short Sale
  • Deeds-in-Lieu of Foreclosure

    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:
    DL2-011050-WC-W 
     
    Title:
    RC_LA_DA_301.3 Loss Mitigation Options 
     
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