Thursday, April 24, 2014
In this session, our panel will provide you with an interactive opportunity to explore the challenges that remain for the industry after the January 10, 2014 effective date of the New Mortgage Servicing Rules. Operational hurdles will be explored, gray areas will be probed and solutions will be set forth. Join us to get the latest and leverage the experience of others to deliver value to your own platform.
Audience open discussion
This time will be used to hear how your peers are handling the various rules and ask questions of the panelists.
Recent regulatory bulletins on vendor risk management created both an imperative and an opportunity to step back and strategically re-evaluate how the use of third parties aligns with a servicer’s business model, business objectives and risk appetite. For vendors in the servicing industry, the costs to demonstrate compliance have pushed many leaders to rethink how they prepare for and respond to clients’ requests in a more efficient way. We will look at the strategic implications of new regulations for both servicers and vendors.
Restrictions on banks’ ability to hold MSRs due to Basel III have opened the flood gate of servicing rights moving from banks to non-banks in significant numbers. Add to this the already hostile regulatory environment and it’s no wonder servicers are seeing increased scrutiny of servicing work around transfers. This expert panel will review the key steps required to smoothly onboard mortgage servicing transfers, as well as look at the common challenges and how best to navigate today’s unique servicing opportunity.