Loss Mitigation Policy Manual From AllRegs

Do you need a policy to address growing confusion surrounding today's Loss Mitigation requirements and practices? We have your solution. The AllRegs Loss Mitigation Policy Manual is a comprehensive, turnkey template that addresses everything "loss mit".


This manual features Early Payment Default through Foreclosure including HAMP, HARP and all the new government Foreclosure Alternatives. All servicers of any size can make use of this flexible policy which lends itself to deeper implementation as your organization grows. Mitigate loss, improve investor audits and increase profitability with:

  • A policy covering most all areas and issues
  • HUD requirements effective March 14, 2016
  • Additional new topics, including Face-to-Face Interview (FHA only), Repayment Plan, MyCity Modification (Conventional Only), Streamlined Modification Plan (Conventional Only), and Standard Modification (Fannie Mae and Freddie Mac)
  • Includes Fannie Mae, Freddie Mac, HUD, VA and Treasury Directives
  • Accountability and monitoring requirements
  • Addresses third party vendors or sub servicers
  • Short Sale, Deed In Lieu & Assumption
  • Will tie to Foreclosure and/or Bankruptcy Policies
  • Repayment Plan
  • MyCity Modification (Conventional Only)
  • Streamlined Modification Plan(Conventional Only)


The manual features the following benefits:

  • Complete AllRegs' Loss Mitigation Policy Manual, saving you development time and resources
  • Your policy is delivered via email within one business day after purchase
  • Meet your regulatory or internal compliance requirements
  • Affordable one-time purchase fees

Publishing Services

Publish your manual, including your company procedures, in AllRegs Online as an upgrade to your complete policy manual solution. Ask us how!

Policy Manual
Loss Mitigation
Section Title Priority Action
1.1 Goals and Objectives Mandatory Review Include the point of view or culture of your organization in this section, if applicable.
1.2 Required Review Mandatory Review Be sure this accurately reflects your company’s annual policy review process.
2.1 Internal Controls Mandatory Review Include or reference related procedures in this section.
3 Staff and Training Mandatory Review Include the means by which your organization provides and tracks required training.
4.1 Identifying Mortgage Fraud Recommended Best Practice Consider adding the specific department and job position for internal reporting of suspected mortgage fraud.
4.2 Trends in Mortgage Fraud Recommended Best Practice This section refers to an internal Fraud Contact. Add to this to identify the specific person or job position.
6.5 Imminent Default Recommended Best Practice Imminent Default Indicator will be retired June 1, 2018. Determine if new Business Rules will be implemented prior to expiration date.
7 Mortgage Servicing Rules Mandatory Review This policy includes the 2014 Mortgage Servicing Rules, including the Early Intervention Rule, the Continuity of Contact Rule, and the Loss Mitigation Rule. Ensure these rules are incorporated into your business processes.
7.1.2 Written Contact Recommended Best Practice E-Sign is included. Consider revising this in response to your implementation of E-Sign, as applicable.
7.2.3 Face-to-Face Interview (FHA Only) Optional Enhancement If you are not an FHA lender, you may decide to remove this section.
8.14 Foreclosure Optional Enhancement A Foreclosure Contact role is specified within this section. You may need to change this title to fit the organizational structure of your business.
8.15 Cash for Keys Optional Enhancement Cash for Keys is typically only offered by banks that hold their own book of business. This would not apply to agency loans, and you may wish to remove this section.