Fundamentals of Loss Mitigation for Residential Servicers

Join MBA Education and industry experts for a look at the essential elements and strategies for effective mortgage loss mitigation. Ensuring that everyone in a servicing company has the correct information can result in reduced default rates, financial losses, and regulatory risk while fostering higher borrower satisfaction. Leveraging the best-in-class content from MBA Education’s School of Mortgage Servicing, this complimentary webinar is applicable to those new to servicing and loss mitigation, those who may be considering retaining or bringing some servicing back in house or learning about what it would take to do proper oversight while using a sub servicer or for those who are simply looking for a refresher and where to find the latest loss mitigation information.

Date/Time

• Tuesday, June 25 (2:00 PM - 3:30 PM ET)

Objectives

• Understanding of the role and importance of loss mitigation within the context of residential mortgage servicing
• Learn effective strategies for identifying, communicating with, and assisting delinquent borrowers in navigating their options
• Explore various loss mitigation alternatives including technology support available to borrowers, including loan modifications, repayment plans, forbearance, deferrals, short sales, and deed-in-lieu of foreclosure
• Stay informed about the latest regulatory requirements and guidelines governing loss mitigation practices, including those set forth by the Agencies, the GSEs, the OCC and the CFPB
• Discover techniques for enhancing borrower engagement, providing compassionate assistance, and fostering positive outcomes throughout the loss mitigation process

Experience Level

• Entry-Level
• Intermediate

Target Audience

• Servicers
• Subservicers
• Risk Managers
• Compliance Officers
• Financial Analysts

Speaker(s)

• Pat Taylor, Managing Director, New Directions Consulting Services
• Mignonne Davis, Director, Risk & Compliance, Richey May Advisory, LLC