Online Mortgage Training - Loss Mitigation

Instructor-Led Online Course

Related Products/Topics:  bankruptcy, foreclosure, mortgage education, refinance, short sale

Click here to see class schedule.

Now is the time to determine if you have an effective loss mitigation plan.

In a real-estate market where asset values are unstable, loss mitigation is a critical tactic in managing cash flow expectations. The current trends in loss mitigation are almost too numerous to list, and with President Obama’s Homeowner Affordability and Stability Plan (HASP) coming into the marketplace, we are all learning the new rules together. These new measures will impact how organizations address loan resets, delinquencies and loan modifications, as well as refinance options, defaults and foreclosures. How your organization deals with these issues will certainly impact the bottom line. 

As your source for the latest in industry topics and trends, AllRegs Academy is pleased to offer Loss Mitigation, an instructor-led online course presented in WebEx over a four-week period. In addition to covering the collection, loss mitigation and foreclosure process, this course provides an introductory section on alternatives to foreclosures and investor guidelines. Participants will increase skills used to analyze data about the borrower and the property. These skills will allow participants to more effectively structure workout options and mitigate risks of loss and improve the bottom line in the disposition of delinquent loans. Plus, learn how other companies are handling issues such as short sales.

Learning Goals and Objectives

Upon completion of this course, students will be able to:

• Describe what is happening in loss mitigation today
• Identify ways to be successful implementing loss mitigation strategies
• Identify where loss mitigation fits into the foreclosure process
• Review the collection process
• Recognize the alternatives to foreclosure
• Define how investor guidelines govern loss mitigation
• Correlate insurer guidelines with the loss mitigation process
• Review remedy scenarios using various loan types

Who Should Attend

• Mortgage professionals working in collections, loss mitigation or foreclosure functions
• Compliance auditors and specialists
• QC/QA auditors, staff members and managers
• Mortgage professionals seeking solutions to increase branch or company profitability

Course Topics

Session 1

• Introduction and Overview
• Describe the current environment
  • Identify key regulatory issues – bankruptcy reform
  • Review the latest foreclosure numbers
  • How did we get here 2011 and beyond
• Introduce loss mitigation strategies
  • Define loss mitigation

Session 2

• Homework review
• The impact of foreclosure
• Loss mitigation
  • Counseling
  • Debt Collection Practices Act
• General loss mitigation requirements
  • Special forbearance
  • Partial claim
  • Loan modification
  • HAMP
  • Short sale
  • Deed-in-lieu
  • Foreclosure
• Impact on securitization

Session 3

• Homework review
• The collections process
• General Loss Mitigation processes
  • MI
• General Loss Mitigation requirements
  • Foreclosures

Session 4

• Fannie Mae / Freddie Mac foreclosure alternatives
• FHA foreclosure alternatives
• Non - GSE foreclosure alternatives

Click here to read the Full Agenda »

Course Delivery

The training sessions utilize WebEx technology in conjunction with audio conferencing. Polling capabilities, live chat, and question & answer sessions allow participants to easily interact with subject matter experts. The course consists of four 90-minute sessions over a 4-week period. Pre-reading and exercises are included and accessed through the AllRegs Academy learning management system. Participants are required to complete assignments prior to each session.

Class Schedule

Choose from the upcoming four-week course sessions: 

• Thursdays, August 1, 8, 15 and 22, 2013, 12:00 pm – 1:30 pm ET

Tuition & Registration

The course is $365 per person. Tuition includes all course materials. Upon successfully completing the course, students will earn an industry-recognized certificate of completion.

Additional Resources

Printed Literature (PDF)

Cancellation/Refund Policy (PDF)

For more information, call our sales and customer service department at (800) 848-4904 or email sales@allregs.com.