Training
Provided by Lorman Education Services
BenefitsIn this economic downturn with the mortgage loan default rate at unprecedented highs, lenders, investors and servicers are in a quandary as to how best to deal with their loan portfolios. Facing workouts or foreclosures, the mortgage industry must weigh its options to determine how to maximize its return. With likely foreclosure moratoriums, decreasing home values and governmental pressure, loan modifications are becoming a necessity.
This teleconference will address the latest loan modification programs available, the advantages and disadvantages of each, as well as servicing issues that may affect a servicer's ability to modify its portfolios, given investor servicing agreements and restrictions. A tutorial on the fundamentals of processing a loan modification, including documentation, disclosure and closing issues, will also be provided. This teleconference is critical for those tasked with addressing nonperforming loan portfolios.
Attorneys, branch managers, bankers, presidents and vice presidents, loan officers, loan department personnel, credit and collection managers,
CFOs, branch managers, accountants and auditors
| This is primarily teleseminar training |  | This class may be available at a classroom in Milwaukee, WI,
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 | Contact Lorman Education Services for more information |
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| Duration: | 1 days | | Training Presented in: | English |
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