Originally part of the Legal League Default Servicer Certification Level 1, we released this session separately because the content is helpful for professionals who may not be eligible for the full certification. This module covers the essentials of the Bankruptcy process, particularly when a mortgage is involved.

Originally part of the Legal League Default Servicer Certification Level 1, we released this session separately because the content is helpful for professionals who may not be eligible for the full certification. In this course you will dig deeper into the key aspects of the foreclosure process.

Originally part of the Legal League Default Servicer Certification Level 1, we released this session separately because the content is helpful for professionals who may not be eligible for the full certification. This module covers the essentials of understanding the Bankruptcy laws.

BPOs are your foot in the door, so it’s critical to make sure you’re doing them properly. Demonstrate to Asset Managers the methodical and careful approach you take from the very beginning. Understand the purpose, scope, and collection requirements of a BPO, then learn about valuation methods and best practices. Also, ARVs are being increasingly used by investors to determine the value of an asset. Learn how to provide the best information possible to investors with a thorough and accurate ARV.

Commercial real estate foreclosures are on the rise. Join us to learn procedures and best practices from our commercial REO experts. They’ll share the knowledge and guidance you’ll need to be successful in a developing market segment.

Commercial Short Sale – Familiar with Short Sales?  Use that knowledge to step foot into the Commercial REO space. This class will take an in depth look at finding and selling commercial properties in the short sale niche.  Learn how commercial short sales work before the market takes off without you.

A well-researched and organized Main Rehab scope (Capital Repairs) will make you invaluable to your clients. If done well, this process can build lifelong relationships with both asset managers and contractors. During this course, one of the top REO brokers and one of the top REO contractors will walk you through a scope from start to finish. The class includes resources to help you correctly scope a property, allowing you to be effective, efficient, and provide your clients with one of the most significant parts of the REO process.

Receive certification and gain a full understanding of the full default servicing process, from beginning to end, so that you are better equipped to fulfill your role. During this class, top attorneys will provide insights into the most important aspects of servicing and other relevant industry skills, including:

• Bankruptcy 101
• Advanced Bankruptcy
• Foreclosure 101
• Judicial vs. Non-Judicial
• Boarding/Independent Verification
• How to Be a Witness
• How to Sign Documents
• Documenting a Servicing File

This content is reserved for mortgage servicers and Legal League members. If you would like more information on gaining access, please contact us at legalleague100@thefivestar.com.

Structured into two vital components, the first portion of the Level II certification will cover important regulations, policies, and governmental agencies that impact the work of servicers, whereas the second portion focuses on complex issues that require more specialized knowledge. Topics in this certification include:

• The Real Estate Settlement Procedures Act
• The Truth in Lending Act
• Fair Debt Collections Practices Act
• Consumer Financial Protection Bureau
• Loss Mitigation
• Natural Disasters
• Estoppel
• Advances/Taxes
• Title Issues

This content is reserved for mortgage servicers and Legal League members. If you would like more information on gaining access, please contact us at legalleague100@thefivestar.com.

There is a shift in brokerage models and how they serve their customers. This leads to the question “Is the traditional commission model still right for you?” The flat fee model has many advantages—cost savings for clients, simplicity for brokers—but it also has its challenges and downsides too. Join Jesse Gonzalez, who has created a successful brokerage built on flat fees, as he explains the flat fee model, the business plan, and the processes that have worked for him.

Learn every part of Foreclosure and Sheriff Sales. From the Pre-Foreclosure process to Judicial and Non-Judicial Foreclosures you’ll learn everything you need to get started in REO. Jennifer Kuhn then covers the essentials around bankruptcy and evictions. She finishes these certification with an in depth explanation of Sheriff Sales and how to make them a strong revenue stream. There will be a final assessment to receive the certification.

Originally part of the Legal League Default Servicer Certification Level 1, we released this session separately because the content is helpful for professionals who may not be eligible for the full certification. This course will help you understand the essentials of the foreclosure process and foreclosure sales process.

Learn the steps to becoming an approved agent with HUD and how to apply with vendor managers for this work. We will walk you through the various steps, give you tips on the process, and teach you how to prepare for a HUD listing. Join this training so that you can get started with HUD.

Originally part of the Legal League Default Servicer Certification Level 1, we released this session separately because the content is helpful for professionals who may not be eligible for the full certification. This course covers the differences between Judicial and Non-judicial states, which states are judicial and which non-judicial.

Hedge funds are investing more and more within the REO market. This creates a demand for agents who are fast, sharp, and have a strong network. Prepare to serve this growing corner of the market while honing your REO skills for all your listings. Your instructor for the course has worked with hedge fund investors for over eight years.

Beginning with the BPO and finishing with best practices for an REO office. Jennifer’s passion to get these homes back on the market truly shows.  She gives you insights to working with Asset Managers, guidelines from years of rehab and construction experience and even what products and services work best for her team to keep them on top. There will be a final assessment to receive the certification.

Don’t miss an opportunity right around the corner. A close relationship with local lenders can be very fruitful, in both connections and assets. Learn to use your already existing relationships and build new ones to increase your share of the REO market. The best place to  grow your market is your own backyard.

Prepare yourself for a growing share of the default servicing industry. Learn how to navigate the distinctions of Single-Purpose, Propriety, and Home Equity Conversion Mortgages and their related challenges. Knowing the differences and requirements of a Reverse Mortgage will allow you to expand your resume and business.

Learn to tackle the complex but essential Short Sale, an invaluable skill every REO agent should master. Gain a better understanding of the process from a seasoned professional who has tackled hundreds of short sales. With so many variables Short Sales can be a difficult and imposing topic. This certification will guide you through every step so you can equip yourself with the knowledge and expertise necessary to offer a full suite of services to your clients and enhance your earning potential. There will be a final assessment to receive the certification.

Learn to tackle the complex but essential Short Sale, an invaluable skill every REO agent should master. Gain a better understanding of the process from a seasoned professional who has tackled hundreds of short sales. With so many variables Short Sales can be a difficult and imposing topic. This class will guide you through every step so agents can equip themselves with the knowledge and expertise necessary to offer a full suite of services to their clients and enhance their earning potential.

What’s the best way to stay ahead of the competition? Create your own opportunities.  Even in a down market you can find opportunities for business, we’ll show you how.  This class will cover a variety of opportunities from FSBO, expired listings, investors using subject to mortgages, tax sales, sheriff sales, and more.