Bradley partner Jason Bushby was quoted in the Mississippi Business Journal on what’s ahead for the mortgage industry. Panelists and participants at the recent American Mortgage Conference identified several key concerns, including servicing.
Many anticipate that there will be continuing difficulties related to mortgage servicing enforcement and compliance. Even though it appears that the worst of the COVID-19 pandemic is behind us, servicers should still expect significant loss mitigation activity, and therefore, sound and compliant loss mitigation processes should remain at the forefront of servicers’ minds.
“Simply put, the regulations related to loss mitigation are voluminous, complex and ever-changing, and servicers must be prepared to handle them with augmented attention from regulators,” said Bushby.
The complete article, “Six top concerns for mortgage bankers,” was published on May 4, 2022.