Loss Mitigation Application Checklist

Summary

This checklist outlines loss mitigation procedures for residential mortgage servicers as part of a foreclosure where a borrower has submitted a loss mitigation application. Regulation X (12 C.F.R. pt. 1024), which implements the Real Estate Settlement Procedures Act (RESPA) 12 U.S.C. § 2601 et seq., allows a servicer to establish its own loss mitigation application requirements and to determine information it will require from a borrower.