Loading...

Compliance Responsibilities for Defaulted Mortgages: Foreclosures and Loss Mitigation

A detailed discussion of the various requirements when a mortgage loan is in default, from loss mitigation rules and recommendations, to the ins and outs of the foreclosure process.
Upcoming
DATE

Tuesday, June 23, 2026
11:00 am - 1:00 pm

INSTRUCTOR

Carl Pry

FORMAT

Webinar

CREDIT TYPE

2.5 CRCM Credits

$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Collections
  • Compliance
  • Customer Service
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Bank Legal Counsel
  • Compliance Officer
  • Credit Analyst
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Risk Manager
  • Workout Specialist/Collector

Save on annual training costs with our Webinar Subscription Service and share webinars across your entire organization.

Become a subscriber

Learn about upcoming events, webinars and discounts.

Sign Up For Email Notifications

Over the past few years, many borrowers have faced financial challenges—whether due to the economy or personal circumstances—and as a result, many have fallen behind on their mortgage payments. This has forced lenders and servicers to consider foreclosure more often. With the expiration of foreclosure moratoria, a large number of foreclosures have been initiated in a short period of time, and this trend is expected to continue.

This brings up key questions: What actions are permitted? What notices must be sent? While foreclosure and loss‑mitigation requirements vary by state, there are also important federal rules to follow. The CFPB and other federal agencies have put several requirements in place that must be satisfied before a foreclosure can begin. This webinar will walk through those requirements and outline the proper steps to ensure you understand everything needed when reviewing or starting a foreclosure action.

What You'll Learn

You will learn:

  • The nature of foreclosing – what happens?
  • Critical servicing requirements when a loan defaults that must be followed before foreclosing
  • Timing requirements
  • Notice rules
  • Federal agency mandates and rules before and during the foreclosure process
  • Tax reporting
  • General discussion on state laws and rules (note, each state is different, so we cannot speak to any individual state’s laws on foreclosures)
  • Additional regulatory requirements

Who Should Attend

Those individuals involved in the lending process who are responsible for dealing with delinquent or defaulted loans, including workouts and loss mitigation.
Carl Pry

Instructor Bio


Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 35-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.


Continuing Education Credit Information

Compliance Responsibilities for Defaulted Mortgages: Foreclosures and Loss Mitigation has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

Print this page