News & Updates
RRMS Partner Vincent Spoto discusses the costs associated with delays in the foreclosure process in an article titled "Time is not on Your Side" in the June 2019 edition of Default Servicing (DS) News. Click here to view the full article:
Personality traits and qualities of successful leaders in the mortgage marketplace are examined by RRMS Partner Vincent Spoto, in an article titled "To Lead or Not to Lead" in the April 2017 edition of National Mortgage Professional (NMP) Magazine. Click here to view the full article.
In an article titled "Servicing Surveillance" appearing in the November 2016 edition of MReport Magazine, RRMS Partner Vincent Spoto discusses how a successful organization staffed with a diverse group of experienced professionals is the cornerstone behind ensuring adherence to procedures aimed at maximizing performance. Click here to view the full article.
RRMS Partner Vincent Spoto explores ways in which mortgage bankers can utilize simple and cost-effective technology tools to provide strong oversight over the ever-increasing regulatory demands being placed of the industry in an article titled “No Need to Break the Bank” in the April 2016 edition of MReport Magazine. Click here to view the full article.
RRMS discusses the merits behind having a strong audit, internal control, and business self-testing function in an article titled “Survival of the Fittest: Weathering the Storm With a Robust Internal Control Function” in the December 2015 edition of National Mortgage Professional (NMP) Magazine. Click here to view the full article.
RRMS Partner Vincent Spoto discusses quality control in an October 2015 White Paper titled “Mortgage Finance: The Importance of an Effective Quality Control Program”. Click here to view the full article.
RRMS Partner Vincent Spoto discusses lender readiness for the TILA-RESPA Integrated Disclosure (TRID) in a White Paper titled “Are You Ready for the TILA-RESPA Integrated Disclosures? (TRID)”. Click here to view the full article.
RRMS Partner Vincent Spoto discusses implications on the default management process relating to guidelines introduced by the Consumer Financial Protection Bureau (CFPB) in an article titled “The Bureau Effect: The New Default Process”, which is the cover story in the June 2015 edition of Default Servicing (DS) News. Click here to view the full article.
RRMS Discusses compliance requirements and issues associated with payment processing in the November and December 2014 issues of Mortgage Compliance Magazine, Parts I & II respectively. Click here to view Part I of the full article. Click here to view Part II of the full article.
RRMS has initiated discussions with a number of third-party investors regarding the steps necessary to revive the Private Loan Securitization (PLS) market. Click here to view the December 2014 news release.
In the August 2014 edition of Mortgage Banking Magazine, RRMS reviews the compliance implications associated with inferior loan boarding in an article titled "Getting on Board with Good Data". Click here to view the full article.
RRMS discusses Legal Service Provider Vendor Surveillance in the June 2014 edition of National Mortgage Professional (NMP) Magazine in an article titled "Act Now Before It's Too Late". Click here to view the full article.
RRMS Partner Vincent Spoto discusses Customer Service in an article titled "Putting the Homeowner First", which is the cover story in the March 2014 edition of Default Servicing (DS) News. Click here to view the full article.
RRMS Partner, Brian Lin, was the lead expert representing BNY Mellon opining on potential damages relating to the alleged breaches of representation and warranties for 530 Countrywide mortgage securitization trusts. On behalf of BNY Mellon, RRMS also provided advisory services relating to the transfer of high risk assets from Countrywide and performed the field audit reviews of selected specialty servicers. The $8.5 billion landmark settlement reached by Bank of America (BofA) and the investors is the largest private RMBS settlement to date. On January 31st, 2014, the Honorable Justice Barbara Kapnick approved the $8.5 billion settlement. On March 5th, 2015, the New York State Appellate Court approved $8.5 Settlement in its entirety. Click here to view the press release relating to settlement approval.
RRMS discusses Mortgage Servicing Surveillance in the June 2013 edition of Default Servicing (DS) News. Click here to view the full article.
RRMS Partner Vincent Spoto Click here to view 4/6/2022 article.