A critical core competency of RRMS is the performance of diagnostic analysis on servicer operations in order to maximize asset performance and reduce loss severities relating to:
• Residential Mortgage Servicing Practices and Compliance;
• Commercial Mortgage Servicing Practices and Compliance;
• Consumer & Home Equity loan Servicing Practices and Compliance.
Loss Mitigation
• Servicing Surveillance, default management, and Portfolio Loss Mitigation Strategies;
• Creation and execution of audit plans;
• Performance of workflow and process analysis:
- Mapping foreclosure timelines
- Bankruptcy and REO procedures, legal document compliance and associated timelines
- Related GAP analyses
• Utilization of proprietary processes to develop indefensible fact based opinions to support loss mitigation strategies
• Assessment and mitigation of recourse exposure, and establishing the infrastructure necessary to assess related exposures
• Designing iterative approaches to settling recourse exposures that encompass use of specific strategies which will be phased and transitioned as necessary (these approaches are not mutually exclusive)
• Developing strategies based upon client objectives to mitigate potential civil and criminal liabilities
• Performing detailed forensic reviews, as necessary
• Providing concise breach summaries to substantiate or dispel:
- The validity of loan put-back claims
- Related damage claim assessments
- Insurance claims
- Other fiscal claims or disputes
Commenti