Explaining Loan Modifications

Course Number: ELM1

Course Code: ABA 329

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.

Learning Obj​​​​ectives
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: n/a

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

Credits:

Length: 1 hour

ABA Training