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rofessionals in the lending, default, title, and
settlement industry recognize the recent
economic environment has created
difficult obstacles to forecasting and
planning for the future. But what if
we could forecast and plan based on
our own data? Our own knowledge?
With the extended wake of
the housing meltdown, the way an
enterprise is prepared to respond
to such an event can dictate its very
survival. Macro events such as dramatic
interest-rate increases, government
intervention programs, new compliance demands,
and shifting loss mitigation strategies have
all contributed to an uncertain path for many
companies in this space. What was in favor one
year can quickly be displaced the next.
For example, the government has made
repeated attempts to promote refinance and
loan restructure programs for at-risk borrowers,
whether through the Home Affordable Refinance
Program, the Home Affordable Modification
Program, or deed-in-lieu campaigns.
I N D U S T R Y I N S I G H T / L E E H O W L E T T
When times are changing, sometimes
finding the best path forward requires
a look at the road behind.
RETAINING
WISDOM
