Identifies documentation requirements for confirmation of successors in interest status and how to communicate with and treat successors in interest. Identifies RESPA considerations for confirmed and potential successors in interest. Identifies additional considerations for ability to repay, private right of action and UDAAP.
After completing this course, students will be able to:
• Identify examples of documentation requirements for confirmation of a successor in interest’s status
• Describe policies and procedures for communicating with successors in interest
• Describe servicer requirements for treatment of confirmed successors in interest
• Describe RESPA considerations for confirmed and potential successors in interest regarding error resolution procedures, information requests, and loss mitigation applications
• Describe additional considerations for ability to repay, private right of action and UDAAP
