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<a href="http://www.accessmylibrary.com/coms2/summary_0286-30373010_ITM" title="Facts and information about The Experts Talk: From The REO Trenches: Speaking of Fraud and Defaults... Damien Weldon, director of collateral risk analytics at LoanPerformance; Cary Burch, chairman and CEO of LSSI; Chris Saitta, president of REOTrans; and Allan Martin, CEO of Mortgage Contracting Services, were joined by SourceMedia editors Mark Fogarty, Ted Cornwell, Jennifer Harmon and Amilda Dymi during the roundtable discussion.(Discussion)">The Experts Talk: From The REO Trenches: Speaking of Fraud and Defaults... Damien Weldon, director of collateral risk analytics at LoanPerformance; Cary Burch, chairman and CEO of LSSI; Chris Saitta, president of REOTrans; and Allan Martin, CEO of Mortgage Contracting Services, were joined by SourceMedia editors Mark Fogarty, Ted Cornwell, Jennifer Harmon and Amilda Dymi during the roundtable discussion.(Discussion)</a>
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The Experts Talk: From The REO Trenches: Speaking of Fraud and Defaults... Damien Weldon, director of collateral risk analytics at LoanPerformance; Cary Burch, chairman and CEO of LSSI; Chris Saitta, president of REOTrans; and Allan Martin, CEO of Mortgage Contracting Services, were joined by SourceMedia editors Mark Fogarty, Ted Cornwell, Jennifer Harmon and Amilda Dymi during the roundtable discussion.(Discussion)
The panel at the MBA National Mortgage Servicing Conference discussed the state of the mortgage industry and what it means for the REO component of the business. Additional coverage of the discussion can be found in Broker Magazine and the online versions of Managing REO and Fraud & Compliance Report.
Ted: One of the implications of this rise in fraud and early payment defaults is that lenders are going to have to manage a rising collections and REO workload. What are the strategies for dealing with what appears to be a rather sharp increase in defaults and foreclosures?
Cary: One of the things servicers can address is the early payment default ...
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