Risk Management of Foreclosure Policy - $175.00


The purpose of this Risk Management of Foreclosure Policy is to generally state the conditions and the processes under which a financial institution functions and operates its foreclosure operations to ensure prudent attempts are made by lending personnel at the earliest indication of such problems that are consistent with safe and sound lending practices to work out loans of homeowners who have defaulted on their contractual obligations that are in the best interests of both the financial institution and the borrower.

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
Risk Management - Topic 3
Contacting Delinquent Borrowers - Topic 4
Options for Delinquent Borrowers - Topic 5
Loan Workout Program - Topic 6
Imminent Foreclosure Sale Standards - Topic 7
Staff Training - Topic 8
Retention of Documentation - Topic 9

Recent updates to this product:
01/02/18 Update
National Defense Authorization Act for Fiscal Year 2018
05/02/16 Update
Foreclosure Relief and Extension of Servicemembers Act of 2015

This policy template (approximately 19 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

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