A delay in foreclosure proceedings can result in additional costs not only for the lender or servicer but also for other parties involved in the process. Editor's note: This story originally appeared in the June issue of DS News.
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Vincent Spoto has more than 25 years’ experience in the mortgage banking and financial services sector, having held senior management roles with JPMorgan Chase, Citigroup, and Credit Suisse. Currently one of three Founding Partners and a Manag-ing Director of RRMS Advisors, Spoto provides advisory and consulting services relating to servicer surveillance, default management, asset disposition, compliance monitoring, and risk management. His firm also provides expert witness and discovery litigation support services.