FHA Servicing Guide to Claims, Escrow Accounts, and ARMs
In this course, our focus continues in the servicing of FHA mortgage loans, and we review claim processing, escrow account administration, and servicing adjustable-rate mortgages.
As a servicer, you have duties and obligations determined by loan type, payment status, and day-to-day loan management. Some functions are performed daily and have become routine, while others present as circumstances dictate. Not every loan will undergo claims processing, so it鈥檚 important to review steps and requirements to avoid headaches and problems down the road.
What will I learn?
By the end of this course, you should be able to:
- Examine loan file data to complete and submit a Single-Family Application for Insurance Benefits claim
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Summarize relevant elements of escrow accounts
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Review characteristics for servicing an FHA adjustable rate mortgage
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.
*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.