Explaining Loan Modifications

ABA SELF-PACED ONLINE TRAINING

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.    

Audience: Loan originators, underwriters, processors.

Learning Objectives:

  • 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

Related Training: Residential Mortgage Lender Certificate

The New York Bankers Association is a Local ABA Training Provider.

Questions:
NYBA Professional Development at (212) 297-1679 or education@nyba.com.
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Member $95
Non-Member $130


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To license this course for multiple learners, contact NYBA Professional Development.