An expert gives examples of vacant property laws in Illinois while providing insights into why it is important for servicers to approach such real estate with prudence.
Read More »The Gap Between Mortgage Default and Settlement
A recent court ruling has provided a costly lesson to lenders on best practices related to loan defaults. Here’s what an expert had to say about the ruling.
Read More »Cloudvirga Partners With Ellie Mae
The joint solution is a fully bi-directional integration that seamlessly maps all data fields, from disclosure tracking to itemization of fees, creating a more robust dataset.
Read More »New Bill Addresses Reverse Mortgage Foreclosures
The Philadelphia City Council recently introduced a bill to help prevent reverse mortgage foreclosures when a homeowner is in a payment agreement for real estate taxes on their homes. As a requirement for a reverse mortgage, borrowers must remain current ...
Read More »Maintaining a Positive Relationship with Borrowers During Foreclosure
The mortgage and servicing industry may be on the steady road to recovery, but servicers themselves are under intense pressure from investors and regulators to ensure a positive consumer experience.
Read More »Servicing: Like Marriage, Communication is Key Throughout Mortgage Process
Speaking on the subject of "Engaging Borrowers on Their Terms" at the Servicing Lab as part of the Five Star Conference on Tuesday, Green Tree Servicing's SVP of business control and client management, Mark Atencio, pointed out the many similarities between a mortgage and a marriage.
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