“Servicers provided relief to struggling borrowers during the pandemic by advancing the payments owed on their mortgages and are willing to do so again. However, the VA needs to provide a detailed plan on how servicers will be reimbursed for advancing payments on behalf of borrowers.” --MBA’s President and CEO Bob Broeksmit, CMB

MBA NewsLink interviewed Cornerstone Servicing President Toby Wells about technology advances that improve default servicing operations and borrower communications.

The Mortgage Bankers Association awarded $156,463 in scholarships to 179 industry professionals–including women and those from traditionally and historically marginalized and under-represented groups–under its Path to Diversity (P2D) Scholarship Program during the 2023 fiscal year ending Sept. 30.