As the default servicing sector faces an onslaught of new rules and regulations, more firms are partnering up or finding strategic alliances and outsourcing firms to handle added security and compliance measures.
It's in this environment that Scheer Law Group and Entra Default Solutions retained Phoenix Consulting, a mortgage servicing and legal operations audit firm that also provides consulting services.
Phoenix consulting will provide the two firms with legal and non-legal default support services to lender clients, with operations and marketing support that will help the firms meet the increasing requirements for enhanced data security mandated under state and federal law.
"Phoenix Consulting supports the PHOENIX Group Network, an exclusive network of companies across the U.S. and we are pleased to represent California in that network," commented Scott Myers, executive vice president of Entra Default Solutions. "We not only look to benefit from the affiliation, we intend to strengthen the network by actively participating in seminars and events that advance understanding and best practices in mortgage banking and loss mitigation."