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OnDemand Course

Extending Longevity: Reverse Mortgages and Foreclosure, and Required Loss Mitigation

Servicing reverse mortgages is distinctly different form servicing "forward" mortgages.

And, most reverse mortgage portfolios today are comprised of FHA-insured HECM loans. Failure to properly service, perform loss mitigation and foreclosure on such mortgages can increases losses and impair mortgage insurance claims. This OnDemand Webinar will assist persons responsible for servicing reverse mortgages in identifying proper loss mitigation and foreclosure procedures in order to lessen the impact of such foreclosures while preserving the right to full FHA claims. This program is critical for reverse mortgage servicers to keep up to date with the most recent FHA guidance on HECM servicing issues, and state law developments on foreclosures impacting reverse mortgages.

98 minutes
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Reverse Mortgages

  • Demographics, Economics and Markets
  • No Credit Underwriting (Yet); No Required Monthly Repayment Obligations of Principal and Interest
  • Origination Practices That May Prevent or Reduce Reverse Mortgage Defaults

Reverse Mortgage Maturities and Reasons for Default

  • Maturity Events
  • Obligations of the Borrower - Taxes, Insurance, Repairs and Property Maintenance

Reverse Mortgage Foreclosure and Loss Mitigation

  • Required Reverse Mortgage Loss Mitigation
  • Reverse Mortgage Foreclosure
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 8, 2011.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

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More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

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You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 388270
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Available in Multiple Formats

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