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Home » Store » News » Integrated Claims/Conveyance Services Reduce FHA Risks, Costs

Integrated Claims/Conveyance Services Reduce FHA Risks, Costs

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The profitability of mortgage servicing is under pressure these days due to factors that keep costs high, but there is a better way to reduce costs and conveyance time, especially for FHA foreclosed loans, according to a white paper from Dimont. Integrated processing of insurance claims and conveyance-related activities can dramatically reduce servicers’ operating costs and penalty risks on FHA and other investor-backed loans, said the Dallas-based technology solution provider. The white paper, “The Power of Integrated Claims & Conveyance Services,” lists factors that could significantly affect a servicer’s profitability, such as low origination volume, declining delinquency rates and other factors, like severe weather patterns. Servicing costs for performing loans peaked in 2015 when the average cost for servicing a single-family loan reached $181 per loan – the highest cost since the ...
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