"RMIC approached CampusMBA with a need for loss mitigation training for our customers' front line servicing staff," said Kevin Henry, RMIC's Loss Mitigation Group Manager. "RMIC is known as an industry leader in both training and loss mitigation, so this opportunity to partner with CampusMBA to develop and deliver the loss mitigation workshop was an outstanding way to support our customers. CampusMBA exceeded our expectations by how quickly and efficiently it worked with us to understand our needs and create hands on, nuts and bolts training that is particularly relevant in today's market. We're optimistic that providing servicers with up-to-the-minute information and real world techniques will benefit both them and homeowners who are facing delinquencies."

CampusMBA created a specialized loss mitigation course for RMIC and began delivering it to the staff of RMIC's customer servicing companies within 45 days of the project start date. This loss mitigation course, which is now being offered to industry professionals publicly, is a boot camp-style workshop designed for servicing managers, counselors, and loan servicing professionals who are responsible for performing and monitoring loss mitigation workouts. The workshop provides critical insights on loss mitigation issues including common reasons for default, investor and insurer loss mitigation requirements and workout options. The five hands-on exercises, which include the design of a loss mitigation workout plan, ensure that professionals can immediately apply these loss mitigation skills to their job function.

"RMIC expressed a critical business need to CampusMBA and we are thrilled to have had the opportunity to work with RMIC to produce this top caliber, hands-on loss mitigation training," said John Golden MBA's Senior Vice President of Education. "CampusMBA's rapid response enterprise training solutions provide industry companies with targeted solutions that produce bottom line results."  

For more information about CampusMBA's enterprise and corporate training program go to http://www.campusmba.org/CorporateTraining or call (202) 557-2826.  If you are a member of the media, please contact Aleis Stokes at (202) 557-2741.

 For more information on obtaining training from RMIC, visit Mortgage Training under Products and Services at www.rmic.com.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 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.