DS News

2 Forewarned and Forearmed With hurricane season officially commencing on June 1, a nation that has been battered by storms and other natural disasters over the past few years is understandably bracing for what may be ahead. For servicers and their partners, now is the time to reflect on lessons learned and and revisit plans on how best to anticipate and respond to future calamities. In our June cover story, "Storm Front Ahead," experts discuss takeaways from past disasters and underline the importance of technology that is assisting them not only to predict storms more accurately but also to help homeowners through challenges posed by future disasters. In addition to having a plan in place for when natural disasters strike, it's critical that industry stakeholders understand the rules and implications of how an emergency declaration works. Michelle Devore, Systems and Process Manager for Padgett Law Group, and Marissa M. Yaker, Esq., Managing Attorney of Foreclosure for Padgett Law Group, provide insights in our feature entitled "In Case of Emergency." In "e Silver Lining," Jan Duke, COO of a360inc, makes a case for cloud computing and how it can provide servicers with a backup that won't fail during an emergency. Finally, in "Time Is Not on Your Side," Vincent Spoto, Founding Partner and Managing Director of RRMS Advisors, cautions servicers about the additional costs foreclosure delays can lead to. Ensuring that the industry is better prepared for natural disasters is a critical task that will only become more important in the years to come. Whether it's by perusing this month's DS News or securing a spot at July's Disaster Preparedness Symposium, to be held July 31 at the Hotel Monteleone in New Orleans, the challenges are daunting but the potential for positive action is just as strong. Together, we can all weather any storm that comes, supporting the needs of both the industry and impacted homeowners. Welcome to the June issue of DS News. Rachel Williams Editor-in-Chief FROM OUR DESK VOL. 17 NO. 6 No part of this publication may be reproduced without written permission from the publisher. ©2019 REO Publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. DS News strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. DS News does not guarantee the accuracy of the information, and is not liable for any damages, losses, or other detriments that may result from the use of these materials. PUBLISHER EDITOR-IN-CHIEF ACTING EDITOR-IN-CHIEF DESIGN ONLINE CONTRIBUTORS COPY EDITORS ADVERTISING 2019 EDITORIAL ADVISORY BOARD Mark Hulme Rachel Williams David Wharton Jonathon Won Mike Albanese Krista Franks Brock Donna Joseph Radhika Ojha Seth Welborn Brandy Scott Suzanne Andresen: 207.443.3314 Kevin McCrea: 214.525.6756 Korry Stagnito: 773.800.2246 Dawn Adams, SVP, Default Servicing, Roundpoint Mortgage Servicing Raymond Brousseau, President, Carrington Mortgage Holdings Tendayi Kapfidze, Chief Economist, LendingTree Courtney Thompson, Director, Default Servicing Operations Jacob Williamson, VP, Distressed Assets, Fannie Mae Follow DSNewsDaily on CHAIRMAN AND CHIEF CREATIVE OFFICER PRESIDENT AND CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER ACCOUNTING AND HUMAN RESOURCES MANAGER PROFESSIONAL ASSOCIATIONS American Mortgage Diversity Council, National Mortgage Servicing Association, and Property Preservation Executive Forum FORCE Legal League 100 DESIGN Mark Hulme Ed Delgado Dirk Hobgood Jake Davis Derek Templeton: 214.525.6757 Annie Collier: 214.525.6740 Lindsay Wolf: 214.525.6786 Jordan Funderburk Jason Stone Sean Walker Jonathon Won

• Cover