COVER STORY

From the occasional strategic defaulter to the waves of first-time homeowners, many distinct types of borrowers have come to the forefront during the recession.

LOSS MITIGATION

Two new regulatory actions define the rules of the road for servicers’ performing loss mitigation in the state.

DEFAULT TECHNOLOGY

While in the past servicers may have opted to use their internal IT resources to develop their default systems, the trend appears to be increasingly shifting toward a purchase mode.

LEGAL

Default servicing is particularly dependent on the timely and accurate transfer of information. As such, any legal partnership should feature exceptional communication as a key asset.

TECHNOLOGY

E-recording offers a number of advantages over traditional approaches to document recording, including a simplified workflow process and reduced overhead costs.

DIRECTORY OF SUBSERVICERS

Indicative of the challenges facing primary servicers, SM’s annual Directory of Subservicers includes many shops that stand ready to provide a wide variety of subservicing tasks.