Many lenders are either becoming servicers or looking into it. There are many good reasons for doing so as a strategy for 2014 and beyond, including:
- Wanting to have more control over loans they originate and protect their brand;
- Desiring the additional revenue servicing provides to bolster earnings during market swings;
- Needing to keep hard-earned borrowers in their fold instead of feeling like they are losing them when selling servicing rights to others.
But what are the realities of making this move? What are the key considerations in personnel, technology and legal areas? How do you handle distressed loans and preserve the bottom line? And what are the compliance implications in this new regulatory era of CFPB and QM?
This workshop provides over two full hours of information-packed discussions and QA from seasoned industry experts for all lenders new to the servicing arena and those thinking about it getting in. At the same time, strategies surrounding retaining servicing rights while using a subservicer are discussed, rounding out a vital session.
Register today and plan on arriving at the conference early to take advantage of this essential workshop.
An additional fee of $149 is applicable in order to attend. Must be a paid registered attendee to qualify.