The state of servicing

Editor’s note: This excerpt highlights coverage in this month’s HW Magazine. Subscribe now to get the full story. Modern mortgage loan servicing requires vigilant attention to detail, roundtable participants say At a recent industry conference, HousingWire sat down with with Jay Loeb, vice president and a principal owner of National Creditors Connection, Inc (NCCI), Gagan Sharma, president and CEO of BSI Financial Services and M.E. Mike Wileman, president and CEO, Orion Financial Group. Between loss mitigation services (NCCI), specialty servicing (BSI), and document services (Orion), each of the three executives has a very unique take on the mortgage servicing industry. With the U.S. mortgage servicing sector facing a period of unprecedented and sustained stress — thanks to surging foreclosures and millions of delinquent borrowers — the discussion centered around how to best meet a changing industry’s demands. TO READ THE FULL STORY, SUBSCRIBE NOW.