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Point of View: Apples to Apples: With Billions at Stake.
Mr. Showalter is the senior director of product management at LoanPerformance. This is the first of two parts.
In the not too distant past, the selection of a mortgage servicer was a routine, mundane event. Portfolio delinquency rates were low, defaults and losses were even lower, especially relative to outstanding principal. Much of a servicer's job was customer service, not collections. Processing payments, sending out coupon books and answering the occasional question (What is my outstanding balance?) were the servicer's key tasks.
Things are changing. Rapidly. As the mortgage industry ventures beyond the secure confines of prime lending and 30-year ...
- Latest Issue of LoanPerformance MarketPulse(TM) Features New Whitepaper on...
- Press release article from: PR Newswire August 8, 2006 700+ words
...results. "Evaluating a servicer's effectiveness is...simple as measuring its loss rates," said Showalter. "If you compare two servicers -- one specializing...same loss rate, the servicer with the riskier portfolio...mortgage originators, servicers, securities issuers...
- Servicers tackle Y2K.(Servicing)(Year 2000 date change problem)(Cover Story)
- Magazine article from: Mortgage Banking Betancourt, Kim D'Erchia, Peter Merriam, Michael June 1, 1999 700+ words
...various facets of a servicer's role. Servicers obtain funds from...software systems, servicers must consider...picture. Even if a servicer's own systems...is a factor A servicer's size can affect...Some smaller servicers are particularly...
- Servicers Stretched as Workload Grows.
- Magazine article from: Mortgage Servicing News Thangavelu, Poonkulali February 1, 2007 700+ words
...Carlson notes. "Servicers increasingly deal with...important that the CMBS servicer is able to service the...Another challenge for servicers Fitch sees is in obtaining...This means that the servicer cannot look into property...used two or more master servicers. And if all these ...
- Servicers Fear MBS Lawsuits.
- News wire article from: Mortgage Line Collins, Brian December 31, 2007 700+ words
...Exchange Commission giving servicers the green light to modify...to the FDIC chairman that servicers have developed ways to preserve...borrower, the investor and the servicer - to reach the correct outcome...struggling homeowners that servicers can't help. House Judiciary...
- Servicers Should Heed Fair Lending Factors.(News)
- Magazine article from: National Mortgage News November 2, 2009 700+ words
...whose group has helped servicers initiate close to 60...program began, says servicer challenges in meeting...implementation. And servicers will be even more pressured...from the originator or servicer to buy back the loan...can come back to haunt servicers, Mr. Morgan says...
- Servicers must not lose sight of customers in consolidation frenzy.
- Magazine article from: Mortgage Banking Oman, Mark February 1, 1999 700+ words
...Today, every top 10 mortgage servicer has volume exceeding $85...1993, the top 10 mortgage servicers controlled a combined 17...prepayment activity varied from servicer to servicer. Many servicers lost ground with shrinking...
- Servicers beware, Fitch is on the lookout.
- Newspaper article from: Asset Securitization Report Sibayan, Karen September 29, 2003 700+ words
...warned CMBS special servicers against engaging...concerned when a special servicer, based on its role...jeopardy if that servicer continues to engage...with these special servicers. As stated in the...with the better servicer should get better...the good special servicers will rise ...
- Servicers Pass Muster with S&P
- Newspaper article from: Commercial Mortgage Alert March 27, 1995 700+ words
...has now approved 12 commercial loan servicers, 19 special servicers/asset managers and one master servicer. Seven companies have been approved as both commercial loan servicers and special servicers/asset managers...
Source: HighBeam Research, Point of View: Apples to Apples: With Billions at Stake.