This 2-hour webinar will provide updated detailed information on the requirements for the Freddie Mac Standard Short Sale. Collectors, Customer Service Representatives and Loss Mitigation staff will learn eligibility and documentation requirements, how to evaluate for borrower contribution and relocation assistance, if applicable, as well as closing requirements.
This session is for employees of approved Freddie Mac Servicers only
Internet-connected computer with sound
Course materials will be e-mailed to attendees prior to the start of the session
Understand the eligibility requirements.
Be able to document and complete short sales.
Understand delegations of authority and when you need to obtain approval from Freddie Mac.
Understand the impacts of the Consumer Financial Protection Bureau (CFPB) Final Rules
Standard Short Sale overview
Delegations of authority and when you need to obtain Freddie Mac approval
Eligibility and documentation requirements
Evaluation for borrower cash and/or promissory note contribution
Impacts related to the Consumer Financial Protection Bureau (CFPB) Final Rules