Loss mitigation is beneficial to both your members and credit union. For members, it prevents home foreclosure by either relieving a homeowner of a mortgage obligation, or by creating a mortgage resolution that is financially sustainable. For lenders, immediate foreclosure creates a tremendous financial burden. Loss mitigation allows lenders to take a lesser loss right now in order to avoid the much greater losses caused by such foreclosures. This Training on Demand presentation provides expertise on the importance of loss mitigation and how it can truly be mutually beneficial.

CUNA Training on Demand is a downloadable, video-like training tool that provides a 30-45 minute expert presentation.