Business specialists from Wolters Kluwer Financial Services regularly produce comprehensive White Papers addressing pertinent business issues and how best to solve them.
Foreclosure Laws Drive Manual Processes: Efficient Options Available
With residential lending delinquency rates remaining high in many parts of the country, mortgage servicers find staying abreast of state-level compliance changes challenging. As states update or enact new legislation affecting pre-foreclosure documentation, servicers must wisely invest in technology and processes to expedite resolutions to defaulted loans while complying with federal and state laws. However, for servicers with portfolios covering multiple states, unique state laws and technology limitations force servicers to develop one-off processes to work loans through the default lifecycle.
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Default Servicing Brief
Default solutions struggle, and often fail, to address the current needs of Servicers at multiple levels.