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Training Catalog: Course Description

Graphic Course: Web Conference TrainingFreddie Mac Flex Modification Graphic
       
  Description:    
  The Flex Modification is designed as an affordable modification which will provide significant payment reduction for eligible borrowers, while maximizing operational simplicity and ease of implementation for our Servicers. This 2-hour webinar introduces Freddie Mac's Flex Modification which provides borrowers who are 60 or more days delinquent or facing imminent default an option to resolve their delinquency and sustain homeownership.  
       
  Prerequisites:  
 
  • This session is for employees of approved Freddie Mac Servicers only
  • Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
  • Course materials will be emailed to attendees prior to the start of the session
 
       
  Objectives:    
  Learn and apply knowledge about the qualifications and requirements to pursue the Flex Modification that can help to reduce costs and keep eligible borrowers in their homes.  
       
  Topics:  
 
  • Early and Mandatory Implementation
  • Borrower, Property and Mortgage Eligibility Requirements and Exclusions
  • Determining the Terms of the Flex Modification
  • Streamlined offer for a Flex Modification
  • Servicer Incentives
  • Exception Processing



Session times show Eastern Time zone