Members of the Legal League 100 [1] joined together Wednesday for the Fall Servicer Summit at the Five Star Conference and Expo. Five Star President and CEO Ed Delgado commenced the meeting by discussing the many successes Legal League has accomplished in its decade-long existence, which Delgado attributes to professionalism.
“You provide of a vital service to your clients—one that should be taken seriously,” said Delgado. “The process of foreclosure is one that should be taken seriously at all times—with respect for all parties.”
The Legal League 100 is celebrating a decade of representing financial-services law firms and over 120 members. Delgado credited the success of the membership in part to the Legal League 100 Advisory Council. Following Delgado, Legal League 100 Advisory Council Chairman Neil Sherman took over moderating the day.
The roundtables within the Legal League 100 Summit included the best practices for foreclosure and bankruptcy, developing compliance practices, and ethics concerns in financial services. Following the roundtables was a supersession on cultivating partnerships, vetting vendors, and audits.
Speakers included representatives from Bank of America, Bayview Loan Servicing, BSI Financial, Caliber Home Loans, Carrington Holdings, Citimortgage, The Collingwood Group, the CFPB, Fannie Mae, Fay Servicing, Fidelity Bank Freedom Mortgage, Nationstar Mortgage, Ocwen, PennyMac, Roundpoint, Rushmore, S&P, Selene Finance, Statebridge, Summit, US Bank, Wells Fargo, and more.
"We were very happy to see we had a full room and lively conversation with servicers as well as attorneys," said Caren Castle, Senior Mortgage Servicing Attorney at The Wolf Firm. "We talked a lot about the current state of regulation in our industry and a fair amount of time on the challenges we’re all going to be facing in light of the hurricanes both in Florida and Texas—how important communication is going to be between the regulators, servicers, and lawyers."
The Legal League 100 Servicer Summit was sponsored by ALAW, Auction.com, Firm Solutions, Oversite, Provest, RCO Legal, Robertson Anschutz & Schneid, RES.NET, iMailTracking, Stern & Eisenberg, and Westcor.