DS News

2 Meeting the Challenges Ahead is month, we celebrate National Homeownership Month, a month-long celebration highlighting the value of owning a home and for many, fulfilling the American Dream. But for many, once that dream is realized, as a nation we encounter factors beyond our control that stand to turn that dream into a nightmare. Certain pockets of our nation stand in the path of Mother Nature's wrath year-after-year, as climate-related concerns sporadically rear their ugly heads. Whether it be the areas of Texas, Oklahoma, Kansas, Nebraska, Missouri, Iowa, and South Dakota that make up Hurricane Alley, to the dry vegetation areas of California stricken by wildfires, climate-related disasters continue to burden the mortgage and housing industries alike with no apparent end in sight. is month, we take aim at the topic of how the industry is responding and preparing for these climate-related headwinds. DS News spoke with a panel of servicing and property preservation experts who share their insights and expertise on how certain facets of the industry are dealing with weather- and climate-related disasters. Also in June, the nation celebrates Juneteenth on June 19 (observed this year on Monday, June 20), the 11th American federal holiday in the U.S. that commemorates the emancipation of enslaved African Americans. is month, Timothy A. Raty, Senior Analyst with Mortgage Cadence, an Accenture Company, examines the impact of Juneteenth on the industry by breaking down the CFPB's "Business Day Rule." Sticking to the topic of the CFPB and government regulations, Dain Ehring, Senior Advisor with Gate House Strategies and Head of Gate House Digital, takes a closer look at the Bureau turning its attention to artificial intelligence (AI) and automation in lending decisions in his article "AI Decision-Making in the Crosshairs." is month, we also spotlight 30-year industry vet Dru Jacobs, President of ADFITECH, as he explains how to keep ahead of the impending storm brewing and how taking the right precautionary tips will prevent your default servicing from going down with the ship. We bring all this and much more to this month's issue of DS News. For daily updates, do not forget to visit DSNews.com for the latest in industry news as it breaks, or subscribe to our DS Daily Dose and have it all brought to your inbox each morning. David Wharton Editor-in-Chief VOL. 20 NO. 6 EDITOR-IN-CHIEF David Wharton EXECUTIVE CREATIVE DIRECTOR Jonathon Won MANAGING DIGITAL EDITOR Eric Peck REPORTER Kyle G. Horst, Demetria Lester MAGAZINE CONTRIBUTORS Dain Ehring Dru Jacobs Timothy A. Raty COPY EDITOR Brandy Scott ADVERTISING Sales: 214.525.6700 EDITORIAL ADVISORY BOARD John Dunnery, VP, Government Loan Servicing, Community Loan Servicing, LLC Benjamin Gottheim, Director, Mortgage Servicing Policy, Freddie Mac Michele Kryczkowski, SVP Operations, Distributed Retail, Planet Home Lending Alex McGillis, Senior Director, Product Development, The Answer, Quicken Loans Erik Schmitt, Managing Director, Origination Division, Chase Home Lending Douglas Whittemore, Head of Default Servicing, US Bank Jacob Williamson, VP Single-Family Collateral Risk Management, Fannie Mae Kim Yowell, EVP of Servicing, Fairway Independent Mortgage Servicing PRESIDENT & CFO Jonathan Hughes DESIGN Jordan Funderburk Jason Stone Jonathon Won No part of this publication may be reproduced without written permission from the publisher. ©2021 Five Star Global, 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. Follow DSNewsDaily on From Our Desk

• Cover