RC_LA_DA_301.3 Loss Mitigation Options
| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
This course examines the tools and programs available to help borrowers in distress and to mitigate losses for all parties involved in a loan transaction. While many options are designed to help borrowers retain homeownership, others provide alternatives when retention is not feasible, helping to manage and contain losses. Effective loss mitigation reduces financial strain on borrowers and their communities, while also supporting the interests of investors, lenders, and servicers.
Loss Mitigation Options presents the primary categories of retention and disposition strategies. The course begins with an overview of these paths and the factors used to determine whether a retention or disposition option is appropriate. It then explores retention options, including reinstatement and repayment plans, forbearance, claims, loan modification, and refinance strategies. The course concludes with disposition options, including short sales and deeds-in-lieu of foreclosure.
This is a single-family/residential course.
Topics:
- Paths of Loss Mitigation
- Reinstatement and Repayment Plans
- Forbearance
- Claims
- Loan Modification
- Refinance Strategies
- Short Sale
- Deeds-in-Lieu of Foreclosure
Seat time approximately 1.5 hours.
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