Servicers and lenders make every effort to work with the borrower in an effort to reinstate a delinquent loan. Despite these efforts, it sometimes becomes necessary to foreclose a loan. Learn about the process of FHA foreclosure — selling the property to secure the mortgage debt in order to pay off the balance due the lender – in AllRegs Academy’s FHA Foreclosure Practical Guide.

Welcome to the exciting, complex, rewarding and ever-changing world of mortgage servicing. The servicing (or loan administration) department creates income for the lender while servicing loans. Some loans remain active for the full loan term; however, most loans are paid in full within a few years due to a sale of the property or a refinance. Mortgage loans may also be generated and sold to investors. Lenders then recover the funds used to create the loan to the borrower. Mortgage servicers must understand these aspects of the loan cycle and more. In AllRegs Academy’s Mortgage Servicing Practical Guide, you’ll find the basic information needed for all employees interested in learning more about this vital aspect of the mortgage industry. Seasoned employees will refresh and enhance their knowledge, while new employees will gain an overall understanding of loan administration.

AllRegs Academy’s Escrow Analysis Practical Guide helps to demystify the process by focusing on the requirements for analyzing escrow accounts using pertinent examples. In this guide, you will learn when to conduct the escrow analyses. The analysis determines what funds are in the account, and how to determine the correct amount to be collected in the monthly payment. It also establishes the monthly escrow payment amount for the borrower. Some may choose to analyze all loans at the same time once a year, while others analyze loans according to the state the property is located in. Since taxes usually represent the largest disbursement from the account, you will learn about shortages and deficiencies that usually occur with the payment of taxes.

The Think Reverse Practical Guide is a practical and insightful guide that delivers a comprehensive overview of the reverse mortgage industry, plus detailed information and strategies on marketing and originating reverse mortgages in a simple-to-understand style. A must-read for all mortgage professionals looking to break into the reverse mortgage marketplace, this online, searchable how-to guide will set you on the path of diversifying your product offerings and open new doors for both your customer and your business.

The Credit Scorecard Management Practical Guide, developed by FICO, provides the information necessary to implement a credit scorecard for lenders that want a more comprehensive credit scoring plan. The current credit climate speaks directly to the need for enhanced scoring management. Whether scoring and tracking is automated or manual, this guide will assist you in properly installing a scorecard or in gaining a better understanding of the processes that you may already have in place.