Explaining Loan Modifications

Course Number: ABA

Course Code: ABA

The role of loan modifications and how they apply to various borrower circumstances is discussed. Learn to identify eligibility requirements and procedures for obtaining a loan modification and identify how to avoid falling victim to loan modification scams along with resources available for reporting.

Re-versioned: December 2014

Produced by Ellie Mae/ AllRegs??

What You’ll Learn
After completing this course, students will be able to:

-Identify the role of loan modifications within the mortgage lending industry
-Share insight on how loan modifications apply to various borrower circumstances
-Identify key components mortgage components such as DTI, LTV, and various mortgage terms
-Define Loan Modification
-Identify loan modification options
-Apply loan modification options to homeowners
-Identify fraudulent loan modification scams

Audience: Loan Originators, Underwriters, Processors

Prerequisites: None

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Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00

Credits: None

Length: 1 hour

ABA Training