Mortgage Servicing Laws - “The Essentials”

This class is provided by CampusMortgage®. The Mortgage Servicing Laws - “The Essentials” course will teach students about the regulations and regulators that govern mortgage servicing. We will will review different scenarios, which will show how a servicer can be in violation of different acts. 

COURSE OUTLINE:

  • What is Mortgage Servicing
  • Consumer Financial Protection Bureau
  • State Regulators
  • Investor/Insurer
  • Regulation Z
  • Regulation X
  • Regulation E
  • Regulation F
  • 10-Question Practice Quiz

Price - $199.99 Sale - $99.99

Servicing Payment Processing - "Complete Review”

This class is provided by CampusMortgage®. The Servicing Payment Processing - "Complete Review” course will discuss the various correspondences and annual statements regulated by the Consumer Financial Protections Bureau (CFPB) that should be sent to the consumer as it relates to the life of the loan. We will also discuss Mortgage Insurance, fees related to non-payment and much more.

COURSE OUTLINE:

  • Servicing payment processing overview
  • Life Cycle of a Loan
  • Documents as required by CFPB
  • Annual Statements (1099/1099)
  • Mortgage Insurance Overview
  • Mortgage loan related fees
  • Credit Reporting
  • Loan Payoff review
  • 10-Question Practice Quiz

Price - $199.99 Sale - $99.99

Servicing Investors - "Compare & Contrast"

This class is provided by CampusMortgage®. The Servicing Investors - "Compare & Contrast" course will discuss the purpose of each servicing investor and the difference of each. We will also discuss some of the timelines as it relates to mortgage servicing that are imposed on servicers when servicing government-sponsored enterprises (GSE) loans.

COURSE OUTLINE:

  • Servicing Investors Overview
  • GSE's
  • Non-GSE’s
  • Federal Housing Authority
  • US Department of Veteran Affairs
  • US Department of Agriculture
  • Private Mortgage
  • Servicing Investors Comparison
  • 10-Question Practice Quiz

Price - $199.99 Sale - $99.99

Servicing Quality Control - "Understanding Audits"

This class is provided by CampusMortgage®. The Servicing Quality Control - "Understanding Audits" course will briefly discuss the home ownership crisis that lead to government regulation on Mortgage Servicing and the action that immediately followed this crisis. We will discuss the importance of the audit and compliance process, general audit requirements and much more.

COURSE OUTLINE: 

  • Understanding Audits
  • Government Impact on Servicing
  • Impact on Servicing - Audit Process
  • Investor Audit Control Requirements
  • General Audit Requirements
  • Requirement Examples
  • CFPB Checklist Summary
  • Sample Assessment Document
  • 10-Question Practice Quiz

Price - $199.99 Sale - $99.99

Servicing Transfer & Sale of a Loan - "Step-by-Step"

This class is provided by CampusMortgage®. The Servicing Transfer & Sale of a Loan - "Step-by-Step" course will discuss the steps taken when servicing is transferred to another servicer and/or investor. We will also discuss the communication that goes out to the customer during these processes and the oversight regulated by the Consumer Financial Protections Bureau (CFPB)..

COURSE OUTLINE:

  • Servicing Transfer Overview
  • Planning for Servicing Transfer
  • Investor Approval
  • Regulatory Oversight
  • Servicing Transfer/Goodbye letter example
  • Welcome Calls
  • Loan Boarding Process
  • Payment Processing
  • Customer Experience
  • Servicing Transfer Process Recap
  • 10-Question Practice Quiz

Price - $199.99 Sale - $99.99

Default Servicing 101 - "The Essentials"

This class is provided by CampusMortgage®. The Default Servicing 101 - "The Essentials" course will cover the areas of default servicing such as bankruptcy, foreclosure, loss mitigation. We will discuss the early stages of collection and the foreclosure collections cycle. We will also discuss various Servicing Investor requirements and the default process.

COURSE OUTLINE:

  • What is Default?
  • Regulatory Oversight
  • Default Cycles
  • Loss Mitigation
  • Investor Requirements
  • Foreclosure
  • Bankruptcy
  • 10-Question Practice Quiz

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $199.99  SALE $99.99

Reverse Mortgage Training - "Everything from A to Z" (Webinar)

CampusMortgage® has put together an instructor-led on-demand webinar entitled: Reverse Mortgage Training - "Everything from A to Z". The Reverse Mortgage industry is highly regulated by FHA which means comprehensive and accurate training is required to become an effective Reverse Mortgage Professional. Whether you're an MLO, Mortgage Broker, Mortgage Underwriter, Loan Processor, Servicing Specialist or QC Specialist, this course will teach you all the necessary steps needed to complete Reverse Mortgages.

COURSE OUTLINE:

  • Reverse Mortgage Explained
  • Borrower Eligibility
  • Financial Assessment
  • Principal Limits Defined
  • Counseling Requirements
  • Income Requirements
  • Credit Report/Credit Analysis
  • LESA/Compensating Factors
  • Mandatory Obligations vs Non-Mandatory Obligations
  • Documentation Requirements
  • Age of Documentation
  • Form 1009 & FHA Connection Review
  • Occupancy
  • Non-Borrowing Spouse (Eligible and Ineligible)
  • Use of POA or Guardian
  • Reverse Mortgage Loan Types
  • Appraisal
  • Eligible Property Types
  • Ineligible Property Types
  • Required Repairs to Property vs Repair Set Aside
  • Title
  • Lien Seasoning
  • Trusts (Revocable and Irrevocable)
  • Solar Panels
  • 10-Question Practice Quiz

Includes an additional class of your choosing!

FHA/VA Case Files Underwriting Review
Non-QM Underwriting - "Everything from A to Z"
Jumbo Loan Underwriting - "Everything from A to Z"
Multi-Family Underwriting & Processing - "FHA/VA Loans"
Multi-Family Underwriting & Processing - "Conventional Loans"
USDA Rural Housing Loan - "Quality, Process & Underwriting"

**Note: The course outline above may not be 100% accurate as we change curriculum periodically throughout the year. We also reserve the right to change course curriculum and/or discontinue this course at any time.

Price - $495.00   Sale - $395.00