RC_LA_DA_303.4 Corporate Advance Essentials

1-5 Advanced Education Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS) Self-Study Web-Based Courses
Share to
Option Price
Member $50.00
Non-Member $100.00

Servicers incur significant expenses during the course of handling a foreclosure, including legal fees, appraisal fees, taxes, maintenance costs, and even advertising costs. These expenses add up quickly. In most instances, a portion of these foreclosure expenses can be recovered from the borrower, a private investor, Fannie Mae, Freddie Mac, or an insurance provider. These expenses are paid from an account known as a corporate advance account

Corporate Advance Essentials defines corporate advance accounts and explains their use in the recovery process. It begins with a basic overview of corporate advance accounts. Next, it identifies which expenses can be paid using corporate advance funds. The course then describes how servicers recover corporate advance funds. Finally, it reviews Fannie Mae and Freddie Mac expense reimbursement eligibility.

This is a single-family/residential course.


  • Corporate Advance Accounts
  • Valid Expenses Using Corporate Advance Funds
  • Recovering Corporate Advance Funds
  • Fannie Mae and Freddie Mac Expense Reimbursement Eligibility

Seat time approximately 1 hour.

Copyright 2023.

Pardon our Dust!

MBA is conducting scheduled maintenance on Monday, May 29th. During this time, you may experience brief disruptions as we make updates to our system. The following systems and functions will be impacted:

  • The ability to purchase products, register for meetings, or enroll in webinars or courses
  • The ability to view or make any updates to your account via MyMBA
  • The ability to participate in our Online Communities Platform, MBA Connect
  • The ability to access courses through MBA Education’s Top Class platform
  • Thank you for your patience and for visiting MBA.org.