"As the industry continues to help millions of troubled homeowners find solutions to avoid foreclosure, companies are realizing how valuable formal loss mitigation training can be for their increasingly busy servicing staffs," said John Golden, MBA's Senior Vice President of Education.  "CampusMBA is responding rapidly to the needs of businesses facing today's market and the loss mitigation workshop is yet another example of how CampusMBA is providing real solutions for our industry and its professionals."  

Taught by industry experts, the boot camp-style workshop is designed for servicing managers, counselors, and loan servicing professionals who are responsible for performing and monitoring loss mitigation workouts.  The workshop provides participants with insights on key loss mitigation issues including common reasons for default, investor and insurer loss mitigation requirements and workout options.  Throughout the day, participants engage in five hands-on exercises that include the design of a loss mitigation workout plan.  An online final exam is made available following the conclusion of the workshop.

The first of the workshops will take place on June 10 in Westlake, TX.  To learn more about this workshop visit CampusMBA's Web site at www.campusmba.org or call (800) 348-8653.  If you are a member of the media, please contact Aleis Stokes at (202) 557-2741. 

###

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 370,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site:  www.mortgagebankers.org.