The nature of servicing transfers changed dramatically last year, but not as much as regulators and buyers may have hoped.

It's no longer acceptable to rely on trailing documents to fill in missing gaps in servicing data because they can jeopardize an MSR sale and potentially hurt borrowers. But with the responsibility for ensuring data is complete and accurate after a transfer resting largely on the shoulders of buyers, sellers don't have a natural incentive to provide as much data as buyers would like to have.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry