Stewart Lender Services to Offer Foreclosure Compliance Solution – NMP Skip to main content

Stewart Lender Services to Offer Foreclosure Compliance Solution

Oct 11, 2011

Stewart Lender Services (SLS), a wholly-owned subsidiary of Stewart Title Company, has announced that it is now providing nationwide foreclosure file processing reviews for mortgage servicers to ensure their compliance with standard foreclosure practices. These services can also prove beneficial to servicers in preparation for the continued scrutiny and subsequent response to federal and state law enforcement agencies investigating mortgage loan servicing and foreclosure processing practices. Stewart’s foreclosure file review services are designed to permit servicers to be proactive in their efforts to determine if their foreclosure processes have been in step with state and local foreclosure requirements. Further, the company will assist servicers in providing both a review of default servicing practices, as well as a review of the foreclosure process itself. “All eyes are on the mortgage industry right now,” said Jason Nadeau, president of SLS. “We assist our clients in evaluating their loans to determine compliance with accepted loss mitigation timelines and foreclosure practices. Stewart Lender Services combines experience, solid technology and flexible infrastructure to customize the review process for each lender’s specific requirements. Customizable aspects of the review process include operational reviews around prudent servicing practices, loss mitigation processes, payment application, allowable fees and expenses, judicial and non-judicial processes and title-related vesting reviews.”
About the author
Published
Oct 11, 2011
CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk