FHA Introduction to Delinquency and Default
In this class, we discuss the purpose of collection efforts and the importance of addressing situations individually and as soon as possible. We will walk through common causes of default and learn about the importance of qualified staff to evaluate delinquent accounts.
All while keeping in mind, the main purpose of all collection efforts is to bring a delinquent mortgage current as quickly as possible, to avoid foreclosures where possible, and to minimize losses, both for the lender and for HUD.
What will I learn?
By the end of this course, you should be able to:
- Identify borrower communication timelines
Describe several collection techniques
Recognize key elements of delinquency and default
Explain partial payments
Course Length
40 mins
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.