MBA, ABA Respond to CFPB’s Mortgage Servicing Proposal

The American Bankers Association and Mortgage Bankers Association issued the following joint statement in response to the Consumer Financial Protection Bureau’s proposed rule, Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; Regulation X:

Clarifire’s Jane Mason: Imagination and Automation–Do You Have it?

As mortgage servicers gathered in Orlando in February for the annual MBA Servicing Solutions Conference & Expo, one session, “Executives Discuss Their Challenges and Goals,” revealed a consistent need and desire to reimagine mortgage servicing.

MBA NewsLink Q&A with Ardley Technologies CEO Nathan Den Herder

With mortgage rates likely to drop this year, there’s an upcoming opportunity for servicers to reconnect with borrowers for refinancing. The problem? Every other lender will be targeting them, too–plus, it’s well known that most borrowers do not turn to their original lender or servicer to refinance.