Special WebEx Training
• Thank you for joining Mortgage Computer’s Special
Bankruptcy WebEx Training.
• During the WebEx session, audio will be muted so
as to not pick up distracting sounds.
• Following the presentation, audio will be available to
respond to any questions.
• Make notes during the presentation of questions you
• During the presentation, you have the capability of
asking a question using the chat room.
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holds off creditors
from further action.
The court agrees
and sets repayment
of past due payments
on mortgage loans.
1. Payment date on loan
is brought current.
2. Payment program
for past due payments
The borrower now
makes two payments:
1. Must make loan payment.
2. Must make bankruptcy
Do not try work-around methods.
You must know if the loan is current.
If the loan becomes delinquent, you can
commence immediate foreclosure.
First of All
How does a loan get
flagged in Bankruptcy?
Legal Action Code of:
59 – Chapter 12 Bankruptcy
65 – Chapter 7 Bankruptcy
66 – Chapter 11 Bankruptcy
67 – Chapter 13 Bankruptcy
69 – Bankruptcy Plan Confirmed
Bankruptcy Recovery Ledger
Bankruptcy Delinquency Report
This selection functions the same as the
Add/Modify Letters option in Customer Service.
MC staff tests every SIR folder thoroughly.
However, the same as car manufacturers and
rockets to the moon, bugs seem to creep in.
Let MC know a bug exists.
MC appreciates knowing and will correct the
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