Navigation:  Account Delinquency screen > Comments tab > Comments field group > Loss Mitigation

Entry: User, alphanumeric

F/M: Yes

Mnemonic: QALSMT

Screen: Account Delinquency; Bankruptcy; Foreclosure & Repossession & Judgment; Collection Queues, Detail & Queue Processing tab, Comments tab

Field Group: Comments

 

Use this field to indicate where you are in the progression of a loan modification, repayment plan, reinstatement, short sale, deed-in-lieu, HAMP, HAFA, or a 2MP (government program for second mortgages).

 

To set up or change the loss mitigation status, click the list () icon and select the appropriate code from the list, then click to save your selection. The code and description will be displayed in the Comments list view at the bottom of the screen. In addition, the data will also remain in the Loss Mitigation field, providing you with the ability to access the current status from GOLDWriter.

 

The following is a list of loss mitigation codes: