Is there a blockchain in mortgage servicing’s future?
Servicers continue to face data management challenges, particularly during loan onboarding and transfers. Blockchain technology may hold the key to resolving those issues. Foreclosure News
Servicers continue to face data management challenges, particularly during loan onboarding and transfers. Blockchain technology may hold the key to resolving those issues. Foreclosure News
“While we've been a very regulated industry, especially on the banking side, there became a lot more regulatory focus on what servicers and lenders were doing,” in response to the subprime crisis, said Janice Kay “JK” Huey, SVP of foreclosure and asset management at Wells Fargo. Mortgage servicing has undergone a dramatic transformation in response […]
The servicer rating affirmations and Stable Rating Outlook reflect SPS' parent company relationship, industry experience, its strong management and infrastructure, and its enhanced corporate governance structure and procedures. SPS has been servicing residential loans for more than 27 years and RMBS transactions for 16 years. Foreclosure News