Mortgage Servicers’ Expanding Responsibilities

Mortgage Servicers’ Expanding Responsibilities

#MortgageServicing is constantly expanding and developing. This ever-changing field includes what lenders and servicers must do to protect borrowers and maintain compliance.

In this episode of #TheWeeklyFriedman, Adam Friedman and appellate attorney Stephen Vargas unpack what happens when servicers do, and do not, not meet those obligations, and how evolving laws and regulations continually shape their responsibilities.

Timestamps

00:00 – Intro: servicers in the spotlight
01:03 – More duties than just a servicer's key duties
04:01 – Legal consequences for servicers
08:01 – The expanding scope of servicers’ responsibilities
08:48 – Closing thoughts

How do you see these evolving standards affecting the mortgage servicing industry?

#Foreclosure #DefaultServicing #MortgageLaw #Compliance #RealEstateFinance #TheDefaultIndustry

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