Residential Mortgage Servicer: Level II Certificate Package

Education Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS)
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Option Price
Member $650.00
Non-Member $1,300.00

Residential Mortgage Servicer: Level II Certificate Package

The Residential Mortgage Servicer: Level II Certificate is designed for servicing professionals and develops knowledge and skills in the following areas: bank reconciliation; cash management; corporate accounting; escrow; and loss mitigation. It is the second step in the Residential Certified Mortgage Servicer learning path.

The Residential Mortgage Servicer: Level II Certificate Package includes:

  1. RS_LA_FM_301 Bank Reconciliation
    • Bank Reconciliation Concepts
    • Investor Requirements in Bank Reconciliation
         
  2. RS_LA_CM_200 Cash Management
    • Cash Flow
    • Exceptions Processing
    • Electronic Payments
    • Types of Cash Movement
    • Payment Automation
    • Cash Processing
        
  3. RS_LA_FM_200 Corporate Accounting
    • Financial Categories for Loan Administration
    • Government Financial Agencies
    • Financial Statement Analysis
    • Mortgage Servicing Portfolio Valuation
        
  4. RS_LA_EA_200 Escrow Essentials
    • Escrow in Loan Servicing
    • The Escrow Department
    • Escrow Analysis
    • Escrowing Property and Flood Insurance
    • Escrowing Mortgage Insurance
    • Escrowing Real Estate Taxes
    • Escrow for New and Transferred Loans
         
  5. RS_LA_DA_301 Loss Mitigation
    • Loss Mitigation Concepts
    • Loss Mitigation Processes
    • Loss Mitigation Options
    • Math for Loss Mitigation
    • Government-Sponsored Enterprise (GSE) and Agency Loss Mitigation Options
         
  6. Residential Mortgage Servicer: Level II Certificate Exam

Click to learn about the Residential Mortgage Servicer: Level II Certificate curriculum.

The courses represent approximately 25 hours of seat time.

Completion of the Residential Mortgage Servicer: Level I Certificate program is the prerequisite for this program.