Servicing mortgage loans is a difficult and complex process, with many laws and regulations with which to comply. And particularly after the pandemic, regulators are looking very carefully at both how servicers are servicing loans, as well as which borrowers receive what type of treatment.
There are very detailed requirements in RESPA as to how to service mortgage loans, and when a borrower has defaulted, the requirements become even more complex. In addition, fair lending and UDAP/UDAAP risk is substantial. In this webinar, we'll review the requirements involved, as well as how to address defaulted borrowers and maintain an effective program to deal with the many issues.
Who Should Attend
Anyone involved in the servicing and loss mitigation efforts within mortgage lending, including loss mit counselors, processors, and customer service representatives, as well as risk managers, compliance professionals, auditors, and legal staff.
Continuing Education Credit Information
Mortgage Servicing Compliance Requirements and Updates has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. For questions on certificates, please email email@example.com. Certification holders must report these credits at https://aba.csod.com.