BofA to hold webinar for short-sale agents on new servicing standards

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Bank of America has changed its loss mitigation process and will host a webinar to update real estate agents on the changes.

The webinar, which will take place from 4-4:30 p.m. Eastern time Monday, Jan. 27, will focus on servicing standards when it comes to foreclosure alternatives such as short sales, loan modifications and deeds-in-lieu of foreclosure.

Topics include earlier single point of contact assignment, a streamlined financial document collection process, improved communication, and a comprehensive evaluation process. There will be time set aside to answer agent questions. To register, click on the link. Source: BofA.

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