A Pig in a Python: Overcoming Lending Pipeline Challenges Amid COVID-19

The COVID-19 pandemic has led to a wake-up call for the mortgage industry. Borrower job loss and other disruptions due to COVID-19 caused many to miss mortgage payments and potentially go into forbearance.

Those unexpected delinquent borrowers have caused a “pig in a python” situation: a huge, overwhelming disruption in the lending pipeline due to archaic technology and poor customer service.

In this white paper, TMS covers how a proactive approach to customer service and top-of-the-line technology helps subservicing clients through a shifting environment.

Publisher: TMS

Date: August 2020

Most Popular Articles

FHFA doubles affordable housing disbursement to $1B

FHFA Director Mark Calabria has upset the #FannieGate folks: the GSEs will be doubling their affordable housing disbursement to $1B in 2020

Mar 01, 2021 By

Latest Articles

Rocket Mortgage unveils new jumbo product for brokers

Rocket Pro TPO is jumping into jumbo – it’s offering loans up to $2M, including investment properties. Borrowers can do 45% DTI and 80% LTV.

Mar 02, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please