No More Stripping Of Liens The Supreme Court recently ruled that underwater homeowners can no longer have second liens voided when filing for Chapter 7.
Bank Of America v. Caulkett: A Win For Lenders Or A Call To Challenge Dewsnup?
By Noel J. Ravenscroft
A recent decision by the U.S. Supreme Court means underwater homeowners can no longer have second mortgages voided when filing for Chapter 7 bankruptcy.
What Servicers Can Learn From Originators To Streamline Operations
By Sanjeev Malaney
Facing mounting regulatory scrutiny, servicers today can benefit from the same document and data management technology that lenders are using.
Why The Customer Experience With Your Insurance Tracking Provider Matters
By Frank Dunn
How can servicers be sure that their insurance tracking providers are delivering a good customer experience?
The Push (Or Lack Thereof) To Make The PTFA Permanent
By Patrick Barnard
Although servicers at first abhorred the PTFA, they have since come to recognize the advantages of having a national standard.
CFPB Goes Public With Consumer Complaint ‘Narratives’
RealtyTrac: Foreclosure Filings Increased In May
Delinquency and Default
OCC: Mortgage Performance Continued To Improve In Q1
RealtyTrac: Distressed Sales Drying Up
Tales From The Field
By Patrick Barnard
Whether it is volatile interactions with borrowers or strange things that occupants leave behind, the field services industry has generated a plethora of horror stories in recent years.
Don Gaspar: Profitability Lies In Transformative Technologies
To achieve maximum profitability, servicers today must invest in the latest technology - and know how to use it.
The Case For Technology In Collections
By Arindam Bose
In today’s complex environment, there are three main areas where technology can help control collections costs.
Could Your Servicing System Be Your Next BFF?
By Michael Adomatis
Achieving borrower centricity requires the right mix of technology and the human touch - but can your servicing platform get you there?
The Need For Speed In Valuations
By Brandon Boudreau
Driven by investor demand and increasing regulatory scrutiny, servicers today need valuations data that is both fast and accurate.
2015 Directory Of Property Valuation
GSEs Set New Eligibility Requirements For Seller-Servicers
CoreLogic: Foreclosure Inventory Down To 1.4%
Equifax: Borrowers Managing Mortgage Debt Better
RealtyTrac: Bank Repossessions Jumped 25% In April
What Do The Mortgage Industry And Baseball Have In Common?
By Rosie Biundo
Hint: In both, risk is becoming an area of increased focus.
The IVR Reinvented
By Brian Moore
Recent changes in consumer expectations mean servicers must leave yesterday’s IVR in the dust.
The Future Is Now
By Joe Iafigliola
In the field services industry today, fast-changing advances in mobility and geolocation are molding the future.
New Proposed Bankruptcy Rules And Forms Move Forward
By Marcy Ford & Dan West
These proposals have serious implications for creditors and their counsel across the country.
Top Five Things To Look For In A Default Servicing System
By Pramod Karachur
There’s a slew of default servicing systems available on the market today, making it harder for servicers to know what features and capabilities they really need.
Green Tree To Pay $63 Million In Penalties
Nonprofits Urge Federal Officials To Investigate Suspected ‘Pro-Foreclosure Campaigns’
Connecticut State Official Accused Of Mortgage Modification Fraud
Safeguard Launches Fast-Track Legislation Resource Center
Tracking Hazard Insurance For Condominiums
By Robert Shekell
It is no small task to obtain an HOA master policy to verify compliance with Fannie Mae’s Condominium Insurance Requirements - so what can servicers do?
By Eric Patrick
Improving the default management process means putting more control into the hands of power users and relying less on IT to write rules and make changes.
Hide-And-Seek Is No Longer Just A Child’s Game
By Victor Draper
Today’s skip tracing providers have access to the accurate data and advanced technology tools necessary to help servicers track down and contact “missing” borrowers faster.
Mortgage Modification: Is Consent Of Juniors Required?
By Bruce J. Bergman
Can a servicer commence a modification without fear that inferior encumbrances can somehow claim to be superior?
Ed Fay: Growth In PLS Market Creating New Opportunities For Special Servicers
Fay Servicing has seen its PLS business grow rapidly since 2013.
Freddie Mac Sells NPLs To GCAT Management Services
Completed Foreclosures Reach Lowest Level Since July 2006
OCC: Mortgage Performance Continued To Improve In Q4
Which County Had The Most REOs In 2014?
Using Consumer Feedback To Reduce Risk
By Steven J. Ramirez
Can servicers leverage the CFPB’s complaint database to improve operations?
REO Marketing & Disposition
The Allure Of Nonperforming Portfolios
By Amy Bergseth
Investors have been acquiring pools of nonperforming loans at a brisk pace lately, hedging that these loans will become re-performing as the economy improves.
REO Asset Management
Ever-Evolving REO Asset Management
By Angela Hurst
REO asset management has changed a lot over the years, making firms with longevity in the industry especially valuable to servicers.
Speech Analytics: Discovering What You Didn’t Know
How speech analytics gives servicers another opportunity to leverage unstructured data.
FHFA Issues New Rules For Investors Purchasing Fannie And Freddie NPLs
CoreLogic: Foreclosure Rate Fell 14.7% In January
RealtyTrac: Defaults Could Surge From Resetting HELOCs
RealtyTrac: Bank Repossessions Jumped 55% In January
Meeting The Regulatory Challenge
By Kellie Chambers
How the new mortgage rules have resulted in unintended consequences for field services companies.
Tuning Your IVR To Improve Customer Service
By Barry Hays
The IVR is not a “set it and forget it” solution.
Bankrupting The Foreclosure Process?
By Dan West
Bankruptcies may be down, but legal and financial uncertainties remain.
How Can Small And Midsize Servicers Meet The Vendor Management Challenge?
By Denis Brosnan
Beyond due diligence in the selection process, the key to effective, ongoing vendor management lies in the integration of systems.
Combining Objectives For Compliance And Customer Experience
By James Larriva
How can servicers keep up with the pace of legislation without sacrificing customer service?
Directory of Insurance Providers
Ocwen Takes It On The Chin In January
CoreLogic: Completed Foreclosures Fell Nearly 5% In December
FHFA Seriously Considering Principal Write-Downs For Underwater Borrowers
Black Knight: Lenders Recovering More UPB On REO Sales Than Short Sales
The Devil Lurks In The Lien Release Details
By Aurora Marsh
Although technology continues to improve in the lien release process, it is still far from perfect - and perhaps never will be.
Lender Victimized By Negligence Suit… In A Foreclosure Action?
A recent case in New York State threatens to hold lenders liable, in some instances, if someone gets hurt or killed on a property in foreclosure.
Mortgage Servicing Rights
The Need For Collateral Audits When Transferring Servicing Rights
By Michael O’Connell
A key step in the preparation of assignments is to compare the data to the original documents on file at the county recorder’s office.
Developing Your Servicing Technology Road Map
By Steve Schachter
Whether upgrading existing systems or doing a full “rip and replace,” servicers need to proceed cautiously when building their technology plans.
New CFPB Rules, New Headaches For Servicers
Recently proposed revisions and expansions to the CFPB’s mortgage servicing rules could create even more challenges for servicers.
Ocwen’s Troubles Cause Altisource To Trim Workforce By 800
Mortgage Debt Forgiveness Act Extended Another Year
Black Knight: Mortgage Delinquency Rate Jumped In November
CoreLogic: Almost 60% Of REO Sales In October Were Cash
Housing Continues To Heal, But Things Are Far From ‘Normal’
By Stuart I. Quinn
Foreclosure filings will continue to decline in 2015, but not to anywhere near pre-crisis levels.
Where Have The REO Investors Gone?
By Rick Sharga
Or did they ever leave?
Lender-Placed Insurance: New Rules, Same Basic Need
By John Frobose
The LPI business has changed considerably in recent years, but it still provides a vital safety net that protects American homes.
Why The PTFA Is Good For Servicers
By Jimmy Alvarez
The sunsetting of the Protecting Tenants at Foreclosure Act means servicers could be in for a bumpy ride when navigating new state laws protecting tenants.
Directory Of Mortgage Servicing Technology
Wells Fargo’s Planned MSR Deal With Ocwen Canceled
CFPB Expands, Clarifies Rules Related To Foreclosure
Mortgage Delinquency Rate Falls To Seven-Year Low
GSEs Change Policy On REO Sales
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