New Mortgage Servicing Rule Changes Effective August 31, 2021

Mortgage servicing became a whole new animal during the pandemic crisis. But very soon the sun will set on the forbearances that were granted. Therefore, the CFPB finalized rules to protect residential mortgage borrowers in arrears. Learn what you need to know – and what borrowers will expect – by the August 31, 2021, effective date.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Understand the temporary, special COVID-19 procedural safeguards
• Recognize the exceptions to the procedural safeguards
• Explain the eligibility requirements for certain streamlined loan modification options based on an incomplete loss mitigation application
• Implement the new early intervention communication requirements
• Determine the timing requirements for when servicers must renew efforts to obtain a complete loss mitigation application
• Demonstrate compliance with the recordkeeping requirements of the final rule
• Identify the mortgage servicing requirements for small servicers

For more information or to register CLICK HERE