DS News

DS News August 2018

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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33 ยป VISIT US ONLINE @ DSNEWS.COM provide a big change for servicers and lenders since it offers much more flexibility and reduces losses. Are there any other current major legal cases that could have a significant impact on the industry? Cases dealing with eviden- tiary requirements or admissibility of evidence are also being followed very closely by the industry. ese cases are especially important as they include submitting documentation from prior servicers, lenders, or even prior attorney documents into evidence. How important is it to have an open dialogue between the government, ser- vicers, and the industry? An open dialogue, especially with servicers and government, is an important aspect for any financial services firm. It exposes attorneys to new ideas from other states and helps you move things up at your end. Sharing ideas on topics that affect the industry helps attorneys gain new perspectives and helps them deal with challenges they're seeing in their particular region. DS News is the leading publication dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com. "Attorneys and service providers need to ensure that the new servicer or lender purchaser has all the documentation. The new servicers on their part must be clear about what they're requesting for at the outset, rather than getting the documentation after the fact. The clarity that comes with such documentation would ensure fewer losses and speed up foreclosure processes."

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