Feature Article Archives
Servicing Management is putting some of our best feature articles online as a resource to the community. Click on an article description to view the article. Many of these articles are in pdf format which require Adobe Acrobat Reader version 5.0 or higher. Please click here to download your free copy of Adobe Acrobat Reader's latest version.
Insurance
- Flood Insurance - Protect Investments, Preserve Dreams. The FIA Administration Calls Upon The Lending Community To Do A Better Job In Fulfilling Flood Insurance Requirements.
- A Flood Insurance State of Mind. Servicers are obtaining a significant boost in efforts to mandate flood insurance in high-risk zones.
- Garbage In, Garbage Out. Mistakes by a loan servicing department can be costly, but protection is available with an insurance policy.
- Insurance Pressures On The Rise. It's A Balancing Act As Servicers Struggle To Reduce Costs And Protect Assets.
Technology
- The Never-Ending Quest Continues. Technology is bringing servicers closer to a never-ending mecca: lower costs.
- Technology To The Rescue. Technology is providing servicers with tools to increase efficiencies, cut costs, and raise profits.
- Default Technology: Investing For The Future. Default technology is an important investment to improve workflows and compete with the larger banks and mortgage companies.
- Electronic Billing/Payments. Electronic bill presentment and payment will deliver speed and efficiency, yet it remains years away from widespread consumer awareness.
Servicing Tips
Subprime Collection Tough As Ever - Companies are relying on expertise and turning to specialization to maximize profits in the face of a changing landscape.- Experience Serves Company Well - Joe Smith II has parlayed technology efficiencies to propel his company to success. (Requires Adobe Acrobat Reader)
- Strict Trust Deed Servicing - Servericers of trust deed loans subject to California law should take note of the strict nature of the legislation in the state. (Requires Adobe Acrobat Reader)
- Environmental Services - No Option When Facing Hazards. If confronted with environmental problems, such as mold infestation, servicers have no option but to call in a specialized firm.
- The Valuation Wars: There's No Substitution. Valuation Reports Are Different Products With Different Applications.
- Good News And Bad News. Ironically, even though foreclosures are down, servicers will find that they are allocating greater resources for "default management" and the disposal of secured properties.
- Tools Of The Escrow Trade. Escrow service providers are using new tools, from Internet-based ASP (application service provider) to outsourcing of services to boost efficiency and profit margins.
Business Trends
- Managing Sideways Has Its Upside - In today’s workplace, change is constant. Competition has expanded, the marketplace is more global, technology more prevalent and customer expectations are more demanding.
- Servicers Ignoring Latinos Losing Mucho Dinero - Absolute Lending’s Yamil “Al” Charron would like to say “gracias” to loan servicing and related industry companies for not entering the Latino market in Denver and environs.
- Predatory Lending Reforms Gain Steam. A funny thing happened on the road to subprime: predatory lending has become a magnet for reforms.
- Outsourcing As A Management Tool. Outsourcing has become a key management tool to be employed for such goals as reducing and controlling operating costs.
- Fairbanks CEO Talks Shop. According to James H. Ozanne, Fairbanks has identified its weaknesses and is emerging from troubled times.
In Next Month's SM
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