Create a free account
Join Calaméo to publish and share documents with the world!
Rate and comment your favorite publications, download documents and share your readings with your friends.
A New Era of Mortgage Servicing: Out of Crisis, Solutions
5 pages
Published by
sjohnson
A NEW ERA OF MORTGAGE SERVICING
Out of Crisis, Solutions
Except for the S&L crisis of the 1980s, the mortgage servicing industry has never been under the
spotlight it is now.
The current HAMP and HAFA initiatives are by themselves...
[More]
A NEW ERA OF MORTGAGE SERVICING
Out of Crisis, Solutions
Except for the S&L crisis of the 1980s, the mortgage servicing industry has never been under the
spotlight it is now.
The current HAMP and HAFA initiatives are by themselves bringing an
unparalleled degree of scrutiny to this corner of the business, but the fact is, the industry’s been
getting a good overhaul for the last year and a half for its role in the foreclosure crisis.
And, rightly
or wrongly, many of these changes are due.
To its collective defense, much of the industry’s loan servicing technology was built to handle a far
more stable and far less demanding world.
The sudden reality of millions of delinquent transactions,
each in need of individual, personalized attention, was, and is, staggering to say the least.
As a result,
the industry finds itself in sudden need of answers for the millions of questions flowing in daily from
borrowers.
Strategies resulting in homeowners staying in their homes are the key, and s
[Less]
Tags
automated,
crisis,
foreclosure,
generation,
good,
industry,
information,
loan,
mortgage,
process,
risk,
servicers,
servicing,
sudden,
technology,
transparency,
valuation
