Loss Mitigation

Mortgage loan subservicer taps 30-year industry veteran for new role, overseeing both the internal QC team, and outsourced vendors, establishing objectives to drive the execution of Cenlar’s QC program.

Regulatory oversight has become a fact of life for mortgage servicers. Toby Wells of Cornerstone Servicing explains how staying compliant requires a robust risk management framework.

When it comes to wading through a sea of industry jargon, there is no larger ocean to navigate than the default servicing industry, and an upcoming webinar hosted by Legal League will help assist in improving the communication gap between attorneys and servicers.

William Scott Leaman, an Attorney with the team at Diaz Anselmo & Associates, examines an Ohio Appellate Court ruling where a judgment of foreclosure was granted in favor of a lender, despite the borrower claiming they were not in default as their payments were wrongly rejected by the lender.

Narrowly avoiding cancelation and a total government shutdown, last-minute bipartisan legislation was passed calling for the continued funding of the NFIP for an additional 45 days, through mid-November.

According to Verisk, severe hail events occurred 18% more frequently in the first half of 2023 than the prior three years, with eight of the top 10 metro areas reporting the most damage found in the Lone Star State.

Attorney Adam Diaz examines a recent case in Florida where a judgment was entered in favor of the mortgagors and against a major bank as the court denied foreclosure and rewrote the terms of the note and mortgage.

The new five-year extension will enable Click n’ Close to power its entire enterprise mortgage servicing ecosystem with Sagent’s suite of cloud-based platforms.

The FHFA’s latest Foreclosure Prevention and Refinance Report for the second quarter found that, to date, more than 6.8 million struggling homeowners have been assisted by Fannie Mae and Freddie Mac during conservatorship.

Jeffrey Helms of Diaz Anselmo & Associates examines a recent case where the borrowers argued that the statute of limitations barred the foreclosure of their mortgage.