The Mortgage Collective Tackles Key Servicing Issues

The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies, recently met to discuss the challenges associated with newly emerging areas of risk. The conference was led by Conference Chair Timika Cole, a Senior Vice President of US Bank.

 

The meetings were far-reaching in the subject matter covered, including such key issues as the new Successors in interest requirements and the development of operational strategies for consumer calls.
In addition, legal, technical and IT support strategies for developing new, in-compliance monthly statements and other demand-related statements were addressed in detail. Another timely subject, the use of behavior and decision models for developing advanced loss mitigation techniques, was also discussed. Rounding out the conference were discussions centered around best practices for utilizing Fannie Mae’s new flexible modification program.