Explaining Loan Modifications

Explaining Loan Modifications

SELF-PACED ONLINE COURSE: ABA ELEARNING  (LENGTH: 1 HOUR)

Price: $95 members; $130 non-members  

Member Online Enrollment | Non-Member Online Enrollment
This course is also available at discounted prices under an annual license.  Call or email for details.
Re-versioned: Dec. 2014
Course Description:  This course will explain the role loan modifications play within the mortgage lending industry and how they apply to various borrower circumstances. Upon completing this course, students will be able to evaluate the differences and apply the options to various scenarios, 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. The course will stress the importance of the various loan modification options and the unique characteristics of those options. 
Audience:  Loan originators, underwriters, processors.
Learning Objectives:  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

    The Nebraska Bankers Association is a Local ABA Training Provider.
    For More Information Contact:

    Joanne Smith
    Education and Member Information Coordinator

Nebraska Bankers Association / 233 South 13th Street, Suite 700 / PO Box 80008 / Lincoln, NE 68501-0008