CC_S_207.2 System Processing in CMF Servicing

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011243-WC-W

Purchase

This is a commercial/multifamily course.

Within every commercial/multifamily servicing organization, there are various operational duties that are essential to the successful management of loan portfolios. Servicing operations utilize servicing systems and other ancillary systems to board loans, issue billing statements, process payments, process modifications and various loan transactions, and service ARM loans. Of particular importance to the servicer is knowledge of the type of information the servicing systems require and the fields within the system where this information resides.

System Processing in CMF Servicing explores the fundamental concepts of system processing in commercial/multifamily mortgage servicing. First, the course describes the features of servicing systems. Next, it discusses the process of loan boarding, focusing on the fields and data that must be transferred, uploaded, and/or input into the servicing system. It then explores how billing statements are generated and payments are processed both manually and through use of a servicing system. From there, the course discusses system modifications and file maintenance, addressing the impact of loan document modifications and various loan transactions on the data in the servicing system. Finally, the course covers specific servicing system requirements of ARM loans.

Topics:

  • Servicing Systems
  • Loan Boarding
  • Billing and Payment Processing
  • System Modifications and File Maintenance
  • ARM Administration

    Seat time approximately one (1) hour.

    Copyright 2016.

  • Notes

    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

    Contact Info