AllRegs Academy's Loss Mitigation Class Features Guest Speakers from FHA, VA, Fannie Mae, Freddie Mac, USDA and Hope Now

Business Wire, August 1, 2008

Instructors include professionals from Cenlar, AIG and Bradley Arant

EAGAN, Minn. -- Fluctuations in the mortgage industry are projected to continue throughout the year. These events will impact how organizations address loan resets, delinquencies, defaults and foreclosures. Now is the time for mortgage lending professionals to evaluate the effectiveness of their loss mitigation plan. How organizations deal with these issues will certainly impact the bottom line.

AllRegs Academy, the education division for AllRegs, the mortgage lending industry's leading online publisher, is offering a Loss Mitigation that starts on Tuesday, August 5, 2008. The course instructors are professionals from Cenlar, AIG and Bradley Arant, while the guest speakers are representatives of FHA, VA, Fannie Mae, USDA and Hope Now. This 6-hour instructor-led online course is presented via conference call and WebEx over a four-week period. The class will meet for four 90-minute sessions on August 5, 12, 19 and 26, 2008.

In addition to covering the collection, loss mitigation and foreclosure process, the course provides an introductory section on loss mitigation, alternatives to foreclosures, and investor guidelines. Participants will increase skills used to analyze data about the borrower and the property. These skills will allow participants to more effectively structure workout options and mitigate risks of loss and improve the bottom line in the disposition of delinquent loans. In addition, they will learn how other companies are handling issues such as short sales.

The course is $295 per person. Students successfully completing the course will earn an industry-recognized certificate of completion. To register or learn more about the course, including a full list of course topics and the learning objectives, visit the Academy at www.allregs.com or call (800) 848-4904.

AllRegs is proud to be named a Mortgage Technology Magazine Top 50 Service Provider for 2008. For any questions regarding AllRegs and its other products and services, including AllRegs Academy's Learning Pass, please contact AllRegs Customer Service at (800) 848-4904 Monday through Friday between the hours of 8:00 a.m. CT and 6:00 p.m. CT. or email help@allregs.com.

About AllRegs

First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2008 and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks' MPF Program Guidelines, and CalPERS' Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call (800) 848-4904 or go to www.allregs.com.