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What Lies Ahead for Mortgage Subservicers?

On Wednesday, October 5, the Five Star Institute, in partnership with PHH Mortgage, will present the latest in the Five Star Institute Webinar Series, “Subservicing 2023: Making the Switch in a Tightening Market,” from 1:00 p.m.-2:00 p.m.

The Five Star Institute Webinar Series aims to broaden the horizons of the mortgage industry, and serves as a source for complimentary insights and education about critical industry topics.

At “Subservicing 2023: Making the Switch in a Tightening Market,” attendees will hear first-hand from three industry experts about how subservicing is helping lenders and mortgage servicing rights (MSR) owners hedge in a contracting origination market. It’s a 360-degree perspective on the subservicing industry as:

  • One leading MSR shares best practices on selecting, onboarding, and growing with a new subservicer.
  • One industry expert discusses the significant shifts and growth in the servicing space, and how it is helping lenders navigate through the down cycle.
  • One top subservicer discusses what to consider when evaluating new subservicing partners or even bringing in-house. What can you expect in terms of economics, onboarding, and timing? Why may now be the best time to make the switch?

Speakers include Donny Atkins, Jr., Director of Servicing for The Money Store; Chris Sabbe, SVP of Enterprise Sales for PHH Mortgage; and Seth Sprague, Director of Consulting Services for Richie May.

This webinar is geared toward decision-makers for those holding MSRs, compliance executives, origination executives, risk managers, servicing oversight staff, CFOs, chief credit risk officers, servicing executives, and other mortgage professionals.

Atkins, Jr. is the lead of all servicing activity for The Money Store, which offers a wide range of mortgage solutions for their customers across 42 states. As Director of Servicing, he is responsible for overseeing all servicing functions and partnerships for a growing portfolio of nearly $4B outstanding. Since joining The Money Store, Atkins has developed and implemented extensive oversight program which ensures compliance, accountability, and most importantly, a strong relationship with its customers.

Sabbe is the SVP of Enterprise Sales for PHH Mortgage. A recognized leader in the subservicing industry, Sabbe is responsible for managing and growing the company’s enterprise sales and actively onboarding new MSR/co-issue sellers.

With extensive experience in mortgage banking and mortgage servicing, Sprague leads Richie May’s Mortgage Banking Consulting Services practice. He also serves as a strategic leader for the entire Richey May suite of services, including profitability and operational reviews, strategic planning, MSR strategy, retained versus released, and cash-flow optimization.

Click here for more information or to register for the upcoming “Subservicing 2023: Making the Switch in a Tightening Market” webinar.

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

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