In this class, we discuss the purpose of collection efforts and the importance of addressing situations individually and as soon as possible. We will walk through common causes of default and learn about the importance of qualified staff to evaluate delinquent accounts.

All while keeping in mind, the main purpose of all collection efforts is to bring a delinquent mortgage current as quickly as possible, to avoid foreclosures where possible, and to minimize losses, both for the lender and for HUD.