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Training Catalog: Course Description

Graphic Course: Web Conference TrainingFreddie Mac Standard Short Sale Graphic
       
  Description:    
  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.  
       
  Prerequisites:  
 
  • 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
 
       
  Objectives:    
 
  • 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
 
       
  Topics:  
 
  • 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
  • Closing procedures



Session times show Eastern Time zone