HousingWire’s HOA Symposium is a FREE opportunity for servicers and investors to gain insight and speak directly to key program and policymakers along with ratings agencies in regards to understanding expectations and implementation of HOA servicing guidelines and HOA risk management.
Attendees will learn:
The prevalence and upward trajectory of HOAs in the US
The financial risk (i.e. losing first lien) to servicers and investors
Investor and servicer guidelines that pertain to HOA risks
What processes and risk mitigation strategies are needed to fulfill guidelines
HOA Account Reconciliation – tabulating HOA account payoff for short sales, post-foreclosure and deed-in-lieu, and identifying how much servicers/investors have to pay vs. what they are initially invoiced
HOA risk as a new component for servicer
The need for a centralized HOA database and standardized data exchange practices
The need for proactive HOA account monitoring post loan origination
Registration is free, but your RSVP is requested as soon as possible: space at the HOA Symposium is limited to the first 150 qualified industry professionals to RSVP for this special event.
About a week before the November 2016 election, the U.S. Treasury market started to move lower. The cause of this increase in yield on the benchmark 10-year bond was not fear of an interest rate hike by the Federal Open Market Committee or the specter of higher inflation. No, the outlier event that shook the financial world out of years of torpor was a commercial real estate developer named Donald John Trump.
Fannie Mae’s National Housing Survey found that 37% of senior homeowners felt concern for their finances during retirement, yet only 6% of seniors are interested in utilizing home equity as a financial solution. With $6.2 trillion in home equity to bolster retirement income, why aren’t more senior homeowners taking advantage of products like reverse mortgages?
The time has come for internal workflows to be reimagined or all we’ll end up with is a shiny new chassis with a traditional, manual, cobbled-together process under the hood. I’m talking about the elements that make or break a mortgage transaction, such as valuations, investor requirements and reviews, compliance, surprises at the closing table, paper-based payment systems, onboarding, and the list goes on and on.