Training Catalog: Course Description

This 2-hour, interactive webinar:

• Details the features and benefits of the Home Affordable Modification program (HAMP)
• Provides insights on processing and executing a modification under the HAMP

This session features discussions on program parameters, structure, required documentation, available tools and resources.

This webinar provides a general overview of the HAMP and is the recommended pre-requisite for the webinar entitled:Home Affordable Modification Program: Underwriting and Processing with Workout Prospector®.

• This session is for Freddie Mac-approved Servicers ONLY, and not for the general public
• Experience in loss mitigation is recommended
• Simultaneous access to the Internet (to receive visual presentation) and a telephone (to receive audio)
• Course materials will be e-mailed to attendees prior to the start of the session

• Identify the benefits of the HAMP
• Examine the structure, qualifications, documentation and reporting for the HAMP
• Understand how to execute the process for modifying loans under the HAMP

• HAMP process including:
  • general eligibility
  • calculating modified payment terms
  • tools and resources
• Compensation and incentives
• Reporting and records retention