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40 The Exchange Marissa Yaker is the Managing Attorney of Foreclosure for Padgett Law Group. As a full-service creditors' rights law firm operating in Florida, Georgia, Tennessee, Arkansas, Texas, and Ohio, Yaker oversees foreclosure processing and operations across seven physical locations within the firm's footprint. Yaker's practice is primarily focused on creditor's rights and foreclosure, an area of law that she has practiced for five years. In January 2020, she was recognized by DS News as one of the Top 25 Women in Law. Note: a version of this interview previously appeared on DS5: Inside the Industry. There's been a great deal of collaboration to assist homeowners during this pandemic. Do you believe we will see that continue once moratoriums lift? Right now, we've been seeing a lot of uniformity with FHFA, FHA, VA, and USCA regarding directives on how to proceed on loans. What I think will be interesting is post- pandemic, which loans we will be receding and which ones we will not be. Putting everything together in one moratorium pot, so to speak, was relatively straightforward. I believe that pulling all the various pieces out will be much more difficult. Specifically tracking all of the new HUD deadlines, which ones entered loss mitigation, commercial loans, and title home loans through the default process will be challenging Padgett Law Group prides itself on being well versed in all the nuances of the legal complexities in all our states, along with the applicable agency requirements. Post-pandemic, I think, all of the above will be extremely important in order to ensure correct file movement. ere'll be a lot of different levels at play—specifically ensuring compliance with the CFPB, FHFA, FHA guidelines and servicing guidelines, along with the following jurisdictional state-specific objectives. Personally, the idea of complexity excites me. I have a passion for items such as these, and I think it will involve a lot of industry collaboration. At the end of the day, we all have the same objective in ensuring that we're all moving towards the future. is is where having a firm that isn't afraid to get into the weeds is important. What do you think may be the biggest challenge in default servicing moving forward? Again, it comes down to industry collaboration. Continuing to keep that open line of communication between servicers, law firms and agencies will be key. We're working together towards the future. On each side of our industry, it's these different issues and coming together to address those issues as we face them will be key. is was an unprecedented experience that we faced as an industry. Since the beginning, we've been seeing everyone come together, and I think that same will be needed as we strive for a successful future. "Putting everything together in one moratorium pot, so to speak, was relatively straightforward. I believe that pulling all the various pieces out will be much more difficult." Marissa Yaker Managing Foreclosure Attorney for Padgett Law Group Get to Know Industry Executives Beyond the Boardroom