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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.
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"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."