Advanced Search

Training Catalog: Course Description

Graphic Course: Web Conference TrainingWP: Streamlining the Modification Process Graphic

This 2.5-hour webinar details how to structure and analyze loan modifications (Home Affordable Modification Program (HAMP), Standard Modification and the Streamlined Modification) using Workout Prospector's newly redesigned user interface. More intuitive and easier to use, the streamlined path for modeling a modification enables you to optimize borrower outcomes with greater certainty and close modifications more efficiently using the automated settlement process.

This session highlights the modification screens that are available in Workout Prospector to support underwriting eligible borrowers and modification settlement. Processing tips and best practices for analyzing the borrower's financial situation are also provided.

  • Understand how to use Workout Prospector to evaluate borrowers for HAMP, Standard Modification and Streamlined Modification
  • Learn about the Negotiated Path process and when it's required
  • How to utilize the automated settlement functionality for modifications
  • Key concepts regarding HAMP, Standard, and Streamlined Modifications
  • Workout Prospector functionality
  • Reviewing the process for submitting via the Negotiated Path for exceptions
  • Automated settlement functionality for modifications

Session times show Eastern Time zone