CampusMBA, the education division of the Mortgage Bankers Association (MBA), has formed a training partnership with Republic Mortgage Insurance Co. (RMIC), a subsidiary of Old Republic International Corp.
The initiative is part of CampusMBA's rapid-response enterprise training solutions that provide companies with comprehensive, specialized and robust training targeted to the needs of staff in support of overall strategic business goals, the MBA says.
This loss mitigation course, which is now being offered to industry professionals publicly, is a boot camp-style workshop designed for servicing managers, counselors and loan servicing professionals who are responsible for performing and monitoring loss mitigation workouts. The workshop is intended to provide critical insights on loss mitigation issues, including common reasons for default, investor and insurer loss mitigation requirements and workout options.
The five hands-on exercises, which include the design of a loss mitigation workout plan, ensure that professionals can immediately apply these loss mitigation skills to their job functions, the MBA adds.
Source: MBA
