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DS News December 2021

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

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62 Steve Jobs once said, "Customers don't measure you based on how hard you tried—they measure you on what you deliver." It's not a bad mantra for any business. However, it's particularly true for mortgage servicers, who help families preserve what is likely the most expensive asset they own—their homes. Every servicer wants to deliver a great experience for its borrowers. But right now, there is plenty getting in the way of this goal. Millions of borrowers still need help making mortgage payments in the wake of the COVID-19 crisis, while millions more are still looking to refinance their loans or take cash out of their homes. At the same time, servicers face an ever-increasing number of rules and regulations—and a Consumer Financial Protection Bureau that is currently on the lookout for servicers that run afoul of them. In such an environment, delivering a great customer experience has become more challenging than ever. But there are ways that servicers can do it—beginning with empowering their call centers and associates with technology that ensures every borrower interaction is a positive one. Feature By: Steve Staid EMPOWERING CALL CENTERS IN THE DIGITAL AGE Delivering a great customer experience has become more challenging than ever. Step No. 1 is empowering call centers and associates with technology that ensures every borrower interaction is a positive one.

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