Course length: Approximately 45 minutes
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.
Course objectives include:
• 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
More detailed course information is available at: http://elliemae.com/education/courses/explaining-loan-modifications
Last Updated 04/2019.
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