• Ocwen11.75+0.20 +1.73%
  • Zillow83.10+3.12 +3.90%
  • Trulia+0 +0%
  • NationStar18.96+0.73 +4.00%
  • CoreLogic39.585+0.135 +0.342%
  • RE/MAX38.06-0.44 -1.14%
  • Fannie Mae2.455-0.025 -1.008%
  • Freddie Mac2.36+0.00 +0.00%
  • Wells Fargo58.175+0.215 +0.371%
  • CitiMortgage58.91+0.04 +0.07%
  • Bank of America18.13-0.03 -0.17%
  • Fidelity National Financial39.16+0.15 +0.38%
  • First American40.78+1.04 +2.62%
  • AUDUSD=X0.7290-0.0001 -0.0089%
  • USDJPY=X124.1500+0.1550 +0.1250%
  • WP Stock Ticker
Home | Daily Dose | New Analysis Seeks to Reduce Foreclosure Timelines
Print This Post Print This Post

New Analysis Seeks to Reduce Foreclosure Timelines

Oversite Data Services, a national provider of docket-based legal compliance and management solutions, released a white paper Tuesday that demonstrates how court data-based management of foreclosure cases can reduce foreclosure timelines and improve portfolio management.

The analysis is based on a dataset of over 50,000 foreclosure loan files.

"Our analysis shows that it is possible to quantify a number of factors impacting foreclosure timelines that can then be used to benchmark foreclosure management and more accurately estimate foreclosure timelines," said Oversite CEO, James Albertelli. "Oversite’s docket-data based technology platform provides the transparency needed to better manage third parties through a data-based systematic process, minimize timelines and reduce avoidable risks."

The release noted that average servicer timelines varied up to 192 percent from 2007 to 2013.

The data noted a few broad trends, including:

  • Variations in foreclosure timelines by servicer, controlling for geography and year of foreclosure start.
  • Proactive foreclosure management can reduce the number and timelines of outlier cases.
  • Cases with foreclosures and bankruptcies present significant opportunity for proactive case timeline management.

Other findings in the white paper include that cases with a Lack of Prosecution (LOP) finding had an average foreclosure timeline of 308 days, and the number of LOP filings among servicers varied by over 500 percent.

About Author: Colin Robins

Colin Robins
Colin Robins is the online editor for He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

Leave a Reply

Scroll To Top