AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Lenders Should Service Customers Rather than Loans.

Mortgage Servicing News

| April 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Top officials with the Mortgage Bankers Association of America believe that lenders can improve cross-sales and customer retention by placing a higher emphasis on service quality.

Speaking at the MBA's servicing conference here, Martin Foster, a senior vice president at Cendant Mortgage who chairs the MBA's loan administration committee, urged lenders to focus energy on keeping consumers happy.

"A major goal of all of us should be to improve the customer experience," he said.

To do that, lenders need experienced servicing staff who can manage not only payment processing, but also the myriad of regulatory and legal concerns that arise in servicing loans.

Toward that end, servicers need to emphasize retention - as in employee retention. While most of the publicity in recent years has focused on retaining borrowers during a refinancing boom, Mr. Foster urged lenders to make employee retention a key goal as well in order not to lose valuable institutional and business know-how.

John Courson, chairman of the MBA as well as president and CEO of Central Pacific Mortgage Co., said ...

Related articles from newspapers, magazines, journals, and more
MBA Expects Refis to Slow.(Mortgage Bankers Association of America;...
Magazine article from: Mortgage Servicing News Cornwell, Ted April 1, 2002 700+ words
...spur electronic lending, the MBA is preparing to release "version...industry trade group, he said the MBA is focusing on a "CCARE" agenda...education for the industry. Martin Foster, a senior vice president at Cendat Mortgage who chairs the MBA's loan administration steering...
Media Relations: 2 minutes with Martin Foster Producer, The Paul Ross Show...
Newspaper article from: PR Week (UK) January 26, 2007 700+ words
...contacted? It is a mistake to call up and pitch out of the blue - I will be more open to ideas in an email, which I can then take time to digest. Listeners: 594,000 Frequency: Five days a week Contact: martin.foster@lbc.co.uk.
MBA programs: ranked by full-time equivalent students at L.A. County...
Magazine article from: Los Angeles Business Journal Nusbaum, David January 1, 2007 700+ words
MBA PROGRAMS Ranked by full-time equivalent students...Pomona 91768 6 Loyola Marymount University MBA Program (6) 128 1 LMU Drive, MS 8387 130...time * acceptance rate 1 170 1,253 JD/MBA, MBA, executive MBA, NA 70% international...
MBA programs.(THE LISTS 2008: EMPLOYMENT & EDUCATION)(Directory)(Statistical...
Magazine article from: Los Angeles Business Journal Nusbaum, David December 28, 2007 700+ words
MBA PROGRAMS Ranked by number of graduates in 2007...91768 6 Loyola Marymount University 135 90 MBA Program 128 210 1 LMU Drive, MS 8387 Los Angeles...list) 1 Pepperdine's Graziadio NA executive MBA, School of Business and NA international MBA...
MBA schools: ranked by San Diego county fall 2005 total enrollment of MBA...
Magazine article from: San Diego Business Journal Killion, Andy December 25, 2006 700+ words
MBA SCHOOLS Ranked by San Diego County fall 2005 total enrollment of MBA students Number of Total fall spring enroll- 2006 ment...National University (858) 628-8648 1,234 436 (1) MBA (858) 642-8726 1,108 798 11255 Torrey Pines 11...
MBA programs: ranked by full-time equivalent students at L.A. County...
Magazine article from: Los Angeles Business Journal Nusbaum, David July 18, 2005 700+ words
MBA PROGRAMS Ranked by full-time equivalent students...91768 6 Loyola Marymount University 130 89 MBA Program (9) 117 206 1 LMU Drive, MS 8387...91768 6 Loyola Marymount University 223 860 MBA Program (9) 75 860 1 LMU Drive, MS 8387...
MBA degree moves toward specialization.
News wire article from: Asia Africa Intelligence Wire September 23, 2003 700+ words
...s degrees in business administration (MBA) are striving to build up their reputations by offering specialized market-oriented MBA courses. Next year, probably in the spring...Institute of Technology (BIT) will launch MBA courses in marketing management for the...
MBA abounds in Switzerland: is an MBA the key to raises, promotions and career...
Magazine article from: Swiss News Littlejohn, Simone April 1, 2004 700+ words
All MBA programme (Master of Business Administration)--an advanced university...Switzerland, for example, in addition to getting a traditional MBA, you can get an Executive MBA in Non-profit-Organization Management from the University of...
MBA programs: ranked by full-time equivalent students at L.A. County...
Magazine article from: Los Angeles Business Journal Nusbaum, David June 26, 2006 700+ words
...By Enrollment 1. Law 2. Education 3. MBA 4. Film and Television 5. English 6...Source: California Department of Education MBA PROGRAMS Ranked by full-time equivalent...91768 153 6 Loyola Marymount University MBA Program (9) 130 1 LMU Drive, MS 8387...
MBA programs: ranked by degrees awarded at L.A. County campuses.(The List)
Magazine article from: Los Angeles Business Journal Nusbaum, David September 11, 2006 700+ words
...Anderson School of Business. The 15 largest MBA programs offer graduate level courses at...Loyola Marymount 128 100 170 University MBA 130 200 66 Program (6) 1 LMU Drive, MS...faculty 1 Pepperdine's Graziadio JD/MBA, MBA, executive 5 School of Business and...
For more facts and information, see all results

Source: HighBeam Research, Lenders Should Service Customers Rather than Loans.

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA