Does anyone know about becoming a Loss...

[zli]

...Mitigation Consultant? This is for foreclosures? I am looking for a job and I came across postings in becoming a Loss Mitigation consultant. Since I'm familiar with the mortgage industry I thought this would be a good area for me. However I have found that a lot of these websites charge you to become a consultant. Is this the way it usually is or are they just trying to make more money? Is anyone here a current loss mitigation consultant? Has it worked for you? I really don't want to throw my money away but I would like to get into the Foreclosure area because I know lots of people going through this now.

[Ken S]

Check this website

[reeves]

You can pay a company for training or work with a company that you can outsource cases to. Either way you will need some sort of training. You can probably find a lot of info on this forum and others but there are a lot of different ways to help them. I think it would be difficult to get started in this business with no training at all.

Without mentioning names, I would avoid companies that charge thousands of dollars to be an affiliate and offer you the opportunity to recruit others for a commission.

Others here may have better advice for someone getting started. I understand there is a manual coming out soon from this site, but I do not know of its content. From what I read it sounds like it will be very informative.

[877YouKeep]

Yes, there is a manual coming out and it will show you how to structure your business the way the mortgage companies are set up. I worked in one and it is a good system. We will also have scripts for speaking with Loss Mit, timelines, and investor rules like Fannie, Freddie... Unfortunately the "Training Manager" that posted threads here turned out to be a flake and has set us back a bit. We are working on it though.