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RC_LA_DA_303.1 Conventional Loan Recovery: Essentials
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011167-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Although lenders strive to avoid foreclosure through workout and loss mitigation efforts, there are some circumstances in which foreclosure is the only remaining option for the lender.

Conventional Loan Recovery: Essentials provides an introduction to the steps that servicers take when a conventional mortgage loan goes into default. The course begins with an overview of the different components of the recovery process (foreclosure, claims, and corporate advance) and discusses the cost of recovery. Next, it explores the documents that make up the mortgage agreement: the security instrument and the note. It then reviews the parties that influence the recovery process, including investors, regulators, and insurers. It continues with a review of two documents critical to the recovery process: the selling and servicing agreement and the private mortgage insurance master policy. Finally, the course examines servicing during the recovery process, with an overview of the roles of customer service, investor accounting, and default administration.

Topics:

  • The Recovery Process
  • The Mortgage
  • Influencers on the Recovery Process
  • Servicing and the Recovery Process

    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:
    DL2-011167-WC-W 
     
    Title:
    RC_LA_DA_303.1 Conventional Loan Recovery: Essentials 
     
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