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Payment Supplement_Stage (PS1)


Description
This course focuses on FHA’s new Payment Supplement Loss Mitigation Option and other key policy updates.
Content
  • Payment Supplement INTRO
  • Payment Supplement Intro
  • Payment Supplement Training Agenda
  • Disclaimer
  • I. COVID-19 Recovery Loss Mitigation Options
  • COVID-19 Recovery Loss Mitigation Options - Overview
  • COVID-19 Recovery Loss Mitigation Options - Overview (2)
  • COVID-19 Options Review Process.mp4
  • Target Payment Step Process.mp4
  • II. Payment Supplement Overview and Key Definitions
  • Payment Supplement Overview
  • Payment Supplement Key Definitions (1)
  • Payment Supplement Key Definitions (2)
  • III. Payment Supplement Eligibility and Standard Requirements
  • Payment Supplement Borrower Eligibility
  • Payment Supplement Standard Requirements (1)
  • Payment Supplement - Standard Requirements (2)
  • IV. Payment Supplement Calculations
  • Payment Supplement Calculations
  • Payment Supplement Calculations Steps 1-2
  • Payment Supplement Calculations Step 3
  • Payment Supplement Calculations Step 4
  • Payment Supplement Calculations Step 5
  • Payment Supplement Calculations Step 6
  • Payment Supplement Calculations Step 7
  • V. Payment Supplement Case Studies
  • Case Study - Mr. Walter
  • Case Study - Mr. Walter Initial Review
  • Case Study - Mr. Walter Steps 1-3
  • Case Study - Mr. Walter Steps 4-5
  • Case Study - Mr. Walter Step 6
  • Case Study - Mr. Walter Savings Comparison Step 7
  • Case Study - Mr. Brown
  • Case Study - Mr. Brown Initial Review
  • Case Study - Mr. Brown Steps 1-3
  • Case Study - Mr. BrownSteps 4-5
  • Case Study- Mr. Brown Step 6
  • Case Study - Mr. Brown Savings Comparison Step 7
  • Case Study - Mr. Smith
  • Case Study - Mr. Smith Initial Review
  • Case Study - Mr. Smith Steps 1-3
  • Case Study - Mr. Smith Steps 4-5
  • Case Study - Mr. Smith Step 6
  • Case Study - Mr. Smith Savings Comparison Step 7
  • VI. Payment Supplement Documents and Disclosures
  • Payment Supplement Documents - Standard
  • Payment Supplement Document Delivery Requirements
  • Payment Supplement Account
  • Payment Supplement – Responsibility during Transfers of Servicing
  • Payment Supplement Disclosures
  • VII. Completion or Termination of the Payment Supplement
  • Completion or Termination of the Payment Supplement
  • Subsequent Default During Payment Supplement Period
  • Changes to the Mortgage During the Payment Supplement
  • Changes to the Mortgage During the Payment Supplement Period (cont.)
  • VIII. Payment Supplement Payoff Statement
  • Payment Supplement Payoff Statement (1)
  • Payment Supplement Payoff Statement (2)
  • Payment Supplement Payoff Statement (3)
  • IX. Payment Supplement Reporting and Claim Filing
  • Final Accounting of Payment Supplement Requirements
  • Payment Supplement SFDMS Reporting Requirements
  • Payment Supplement Claim Filing (1)
  • Payment Supplement Claim Filing (2)
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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