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Explaining Loan Modifications

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

Course Credits

ABA Certificates​: This course applies to the ​Residential Mortgage Lender Certificate.


​Questions? Please contact training@aba.com for more information.

 

 Purchase

 

Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.

 

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