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RC_LA_DA_303.3 Conventional Loan Recovery: Claims
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011169-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

The best outcome of a foreclosure for a servicer is a third-party purchasing the property at the foreclosure sale. This eliminates or reduces losses by the investor and the servicer. At times, however, the sale of the property does not cover the costs incurred by the investor or servicer involved in the foreclosure. In this case, if the loan is a conventional loan covered by private mortgage insurance, the servicer can file a claim with the PMI provider for reimbursement.

Conventional Loan Recovery: Claims describes the PMI claims process. The course begins by describing how to file a PMI claim. Next, it outlines which expenses are claimable and which are not. The course then describes the claims package and the disposition of claims proceeds. Finally, the course looks briefly at the Fannie Mae and Freddie Mac claims filing processes.

Topics:

  • Initiating the Claims Process
  • Claimable vs. Non-Claimable Items
  • The Claims Package
  • Disposition of Claims Packages
  • Fannie Mae and Freddie Mac Claims Procedures

    Seat time approximately one (1) hour.

    Copyright 2016.

     
  •  
    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:
    DL2-011169-WC-W 
     
    Title:
    RC_LA_DA_303.3 Conventional Loan Recovery: Claims 
     
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