Explaining Loan Modifications
This course is intended to provide you with an understanding of the role of loan modifications and the value a loan modification can bring to distressed homeowners. To serve our clients' best interests, we need to evaluate loan modification results and help counsel homeowners on fraudulent loan modification scams. In conjunction with our learning objectives, we will also share with you the role loan modifications play within the mortgage lending industry and how they apply to various borrower circumstances.
What will I learn?
Upon completion of the course, students will be able to:
- Define loan modification
- List loan modification factors
- Explain loan modification eligibility factors
- Summarize the Flex loan modification process
- Describe the characteristics of fraudulent loan modification scams
45 minutes (approximate)
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.
*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.