This 2.5-hour, interactive webinar 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:
This session is for employees of approved Freddie Mac Servicers with experience in loss mitigation, collections or foreclosure processes.
Simultaneous access to the Internet (to receive visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to you prior to the start of the 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
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 Overview