The Explaining Loan Modifications course provides students with the information needed to identify the loan modification options available to borrowers who are at imminent risk of default. During the course, students evaluate the differences between the options and apply the options to various real-life scenarios. Additionally, this course identifies eligibility requirements and procedures for obtaining a loan modification and how to avoid falling victim to loan modification scams.
After completing this course, students will be able to
• Define Loan Modification
• Identify loan modification options
• Apply loan modifications to homeowners
• Identify fraudulent loan modification scams