Mortgage lenders in most areas of the U.S. have experienced increases in residential foreclosures and higher REO (real estate owned) portfolios. This course provides critical information every mortgage lender needs in order to make the most logical and cost-effective decisions about managing, disposing, and servicing residential REO (real estate owned) portfolios.

This course offers an overview of difficult decisions lenders-turned-owners must make, the options available to them, and the pitfalls to be avoided. Designed for those responsible for managing and selling the corporate REO inventory, both the experienced REO administrator and the novice entering the field, it offers the student insight into new and creative methods to mitigate losses on already acquired properties, explains how and why these properties became REOs in the first place, and discusses innovative ways to avoid acquiring these properties.

Basics of Managing REO provides ideal training for all those in the business of mortgage lending, including REO managers, property disposition firms, accounting professionals, collections staff, mortgage specialists, and servicing personnel.

Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Mortgage Servicer, Default Administration Professional Certificate (CMS Level II).