Servicers collect payments on loans and manage defaulted loans. In todays market the words “manage defaulted loans” could not be more understated. Services must deal with conflicting demands from RMBS investors, borrowers, regulators and local, state and federal governments. One focal point of the pressure is loan modifications. Loan modifications, if executed properly, prevent foreclosures and theoretically improve home prices all things equal. However, the re-default rates on modifications have historically been unacceptably high. To prevent re-defaults, Digital Risk has developed a quality control solution designed to ensure borrowers will not re-default on their modified loan. The solution features Analytical Tools – RiskIQ™, and Expert Services – Forensic Analysis, Fraud Detection and Prevention, Operational Risk Reviews Income, Asset & Occupancy Verification.
SERVICERS
