July 26, 2008
Loss Mitigation Training – Every Homeowner’s Situation Is Unique
Loss Mitigation is a fairly new industry and as such it is not very tightly regulated. This has led to a notable number of unethical companies purporting to provide Loss Mitigation services. Loss Mitigation Training is no different. It all starts with the right system, the proper analytics and early intervention. Loss Mitigation is a process in which lenders help borrowers that are in danger of default, avoid foreclosure. Every homeowner’s situation is unique and each lender has their own policies regarding the use of these programs to stop foreclosure.