Increase in Delinquencies Will Require More Accuracy from Mortgage Servicers

Mortgage Professional America, May 4, 2020–Clayton Jarvis
According to Neil Fraser, director of US operations for Paradatec, servicers who have not completed a thorough auditing of their MSR data have ample reason to fear that wave of delinquent loans: The inaccurate fee calculations that result when a prior servicer’s MSR data doesn’t match up with what’s in the actual loan documents can impact their clients’ long-term finances and expose the servicer to potential compliance infractions. (MBA mention)
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