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.
Sometimes offshoring sounds like a bad word. In reality, offshore mortgage servicing simply means using remote staff, usually to take advantage of lower labor and overhead costs and round-the-clock staffing availability. But legitimate questions remain. In the midst of increasing compliance pressures, is offshoring a sound strategy for mortgage servicers looking to stay competitive, or a fast track to dissatisfied customers and trouble with the CFPB?
Houses that have been rehabbed in the recovery project are now being sold as quickly as they are completed, and the profit on each house goes right into rehabbing the next one. In the past two years, the company has rehabbed and sold 58 homes, and has plans to do 200 more.
The fate of the Fannie and Freddie investors is not our concern. We are concerned about what happens to communities. And what is happening right now is that the future ability of working class families to obtain responsible home loans is in serious jeopardy.