This 1-day workshop details the features and benefits of the Home Affordable Modification Program and provides insights for developing a loan workout plan and executing a loan modification to provide relief to eligible borrowers. This session reviews program parameters, required documentation, available tools, resources.
Prerequisites:
You must be an approved Freddie Mac Servicer to participate in this session.
Objectives:
Identify the benefits of the Home Affordable Modification Program (HAMP)
Examine the structure, qualifications, documentation and reporting for the HAMP
Understand how to execute the process of modifying loans under the HAMP
Demonstrate use of available HAMP tools and resources
Topics:
Proactive workout solutions and the Home Affordable Modification Program (HAMP)
HAMP eligibility guidelines
Documenting and executing a workout under the HAMP
Home Affordable Modification Program Workshop