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Understanding a Significant Derogatory Credit Event 47 min
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Course Completion
Understanding a Significant Derogatory Credit Event
Identify Credit Events in a Borrower's Mortgage File
Assist in identifying a Significant Derogatory Credit Event in the borrower's mortgage file and review the guidelines for acceptance.
Learning Objectives: Learn best practices in reviewing the application and credit report for a significant derogatory credit event. Review Fannie Mae and Freddie Mac's guidelines for acceptance and documentation of an event.
Recommended Prerequisites: None