This 90-minute webinar provides your default servicing staff the tools to manage workouts submitted to Freddie Mac for settlement. Understand how using servicing technology tools such as Workout Manager can help you monitor the status of each loan throughout the settlement process. Learn about Freddie Mac documentation requirements and how to avoid or correct the most common errors in the settlement process.
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 e-mailed to attendees prior to the start of the session
Objectives:
Become familiar with the alternatives to the foreclosure settlement process
Understand how to use reports available through Workout Manager for managing submitted workouts for settlement and when to take action to ensure timely and successful settlement
Topics:
Overview of the alternatives to foreclosure settlement life cycle
Loan Modifications
Checklists to ensure complete settlement package submission
Review how to complete the Form 1128 Loss Mitigation Transmittal Worksheet
Tips for avoiding common errors
Short Sales
Checklists to ensure complete settlement package submission
Tips for avoiding common errors
Learn how to use Workout Manager reports to monitor the status of each workout throughout the settlement process and how to submit corrections
Navigating the Settlement Process