QRPC is a uniform standard for communicating with the borrower, co-borrower, or a trusted advisor (collectively referred to as “borrower”) about resolution of the mortgage loan delinquency. The servicer must make every attempt to achieve QRPC. The purpose of QRPC is to
determine the reason for the delinquency and whether it is temporary or permanent in nature,
determine the occupancy status of the property,
determine whether or not the borrower has the ability to repay the mortgage loan debt,
educate the borrower on the availability of workout options, as appropriate, and
obtain a commitment from the borrower to resolve the delinquency.
The following table provides references to Announcements that are related to this topic.