WASHINGTON, D.C. – February 23, 2012 – (RealEstateRama) — CampusMBA, the award winning education division of the Mortgage Bankers Association (MBA), today announced that it has developed two comprehensive, instructor-led online courses to provide training for industry professionals in order to comply with emerging servicing standards. CampusMBA’s creation of the specialized courses comes as the residential mortgage servicing sector has been operating in a time of unprecedented challenges.
“This is a crucial time for the mortgage industry. Residential mortgage loan servicers have come under heavy scrutiny in the last several years as a record number of homeowners have fallen behind on their monthly mortgage payments and have lost their homes to foreclosure,” said David H. Stevens, MBA’s President and CEO. “As servicing issues continue to be in the spotlight of regulators and legislators, both on the state and national levels, companies are realizing how valuable formal training can be for their increasingly busy servicing staffs.”
“CampusMBA is responding rapidly to the needs of businesses facing today’s market and the courses on emerging servicing standards is yet another example of how CampusMBA is providing real solutions for our industry and its professionals,” Jeffrey Schummer, MBA’s Vice President of Education.
The Emerging Servicing Standards Guided Online Course Series, will be taught by industry experts and designed for residential servicing professionals. This new series consists of four guided online courses and covers all aspects of emerging servicing standards including Single Point of Contact (SPOC) and Quality Right Party Contact (QRPC), collections and early intervention, loss mitigation underwriting decisions and REO and asset management. Each guided course includes case studies, virtual field trips, job aides, tests and certificate of completion for training transcripts. CampusMBA is in the process of scheduling multiple opportunities to take this course offering.
The next scheduled course, REO & Property Preservation: Asset Management Protection, will be an intensive, hands-on instructor-guided online program and is designed to educate REO staff and management on effective timing, tools, resources, marketing strategies and approaches to mitigating risk. This instructor-guided online course will take place March 12 and 13.
To learn more about this workshop visit CampusMBA’s Web site at http://www.campusmba.org/productsandservices/ProductsbyFocusArea/Servicing.htm or call (800) 348-8653.
If you are a member of the media, please contact Melissa Key at (202) 557-2799.
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mortgagebankers.org.