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There is No Such Thing as a Free House …

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...
There is No Such Thing as a Free House …

Value to Drive Borrower Engagement at Mortgage Lenders

The mortgage industry has fundamentally changed over the previous 10 years, particularly as we�ve shifted from a refinance-driven environment, to focus more on purchase originations. A number of lenders have built successful businesses around the last two decade�s...
There is No Such Thing as a Free House …

NY Appellate Court Rules On Foreclosure De-Acceleration of Debt

The New York Appellate Division, Second Department, recently decided an issue of first impression concerning the evidence necessary to prove the de-acceleration of mortgage debt in a residential foreclosure action.1 The borrower commenced an action to cancel and...
There is No Such Thing as a Free House …

Creating a Positive Customer Experience

Creating an optimal customer experience has become increasingly critical for mortgage servicers as each customer’s business becomes harder to earn and retain. Most servicers outsource the complex process of homeowner insurance tracking and must ensure their insurance...
There is No Such Thing as a Free House …

Continued Deterioration in Origination Quality

As home lenders and investors have recently been a little more relaxed about credit qualifications compared to just after the crisis, mortgage quality has weakened. Still, quality is better than before the crisis. During the past three years, the quality of...