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RC_LA_DA_301.4 Math for Loss Mitigation
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011051-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Many of the loan counselor's decisions are based on financial calculations. These calculations answer questions about the borrower's ability to continue making monthly payments, while providing direction as to the most appropriate solution. Although technology is generally used to crunch the numbers, it is important to understand how the various numbers are calculated, what they represent, and why they are important.

Math for Loss Mitigation reviews the important financial calculations in loss mitigation. We begin the course with a look at the monthly mortgage payment and its components. Next, we describe some key indicators of default risk: the loan-to-value ratio and borrower equity, the housing-to-income ratio, and the debt-to-income ratio. Finally, we discuss the budget ratio and residual income, explaining how these are used to assess a borrower's ability to qualify for one of the loss mitigation options available today.

Topics:

  • The Mortgage Payment
  • The Loan-to-Value Ratio and Borrower Equity
  • Housing-to-Income and Debt-to-Income Ratios
  • The Budget Ratio and Residual Income

    Seat time approximately one (1) hour.

    Copyright 2018.

     
  •  
    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:
    DL2-011051-WC-W 
     
    Title:
    RC_LA_DA_301.4 Math for Loss Mitigation 
     
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