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Residential Mortgage Servicing 2017 Loss Mitigation Updates February 9, 2017, CLE Credits: 3.0 Hilton Garden Inn, Freeport This program has been approved for practice and procedure credit under Maine's
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Gather all necessary documents such as income statements, tax returns, and identification.
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Contact your mortgage lender or servicing company and request a residential mortgage servicing form for 2017.
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Residential mortgage servicing loss refers to the amount of money lost by a lender due to the servicing of residential mortgages.
Lenders and financial institutions that service residential mortgages are required to file residential mortgage servicing loss.
Residential mortgage servicing loss can be filled out by providing detailed information on the amount of losses incurred during the servicing of residential mortgages.
The purpose of reporting residential mortgage servicing loss is to track and analyze the financial impact of servicing residential mortgages.
Information such as the amount of losses incurred, the reasons for the losses, and any mitigation efforts taken must be reported on residential mortgage servicing loss.
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