Guide to Mortgage Subservicing PDF Format
In an era of specialization, it’s not surprising that subservicers are flourishing, and more and more companies are choosing to outsource the nuts and bolts of servicing home loans.
Using a subservicer allows owners of mortgage servicing rights to retain cash flow while avoiding the headaches associated with building and/or maintaining a servicing platform that stays within regulatory boundaries. In many cases, MSR owners also rely on specialty subservicers to handle especially expertise-intensive loans, such as delinquent and nonperforming mortgages.
But outsourcing the day-to-day handling to a subservicer does not mean an MSR owner is without responsibility. In the Guide to Mortgage Subservicing, Inside Mortgage Finance examines what types of companies would benefit from using a subservicer, how to select one and set up the relationship, and steps an MSR owner must take to maintain a successful and compliant subservicing situation.
The guide covers:
- Who should hire a subservicer,
- Finding a new subservicer,
- Negotiating a new subservicer agreement,
- Reporting and oversight,
- A tapestry of regulations,
- Relationship management,
- Benchmarking success,
- Technological advancements and retreats, and
- The future of subservicing.