Sub-servicing: What is it? How can it work for my Credit Union?
Are you retaining mortgage servicing rights or considering doing so? If yes, before you make the decision to perform the servicing functions in-house, there are a myriad of factors that you will need to consider. Factors including: overall servicing responsibilities, expenses, staffing, regulatory compliance, purchasing a servicing system, ensuring staff expertise, determining what your actual bottom-line cost to service is and building the bandwidth to handle all compliance related issues. You may be better off (financially and risk) to consider outsourcing to a proven Sub Servicer, especially in these uncertain and challenging times .
Details
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Date
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Thu, Dec 10 12:00 am GMT-7 (America/Boise) |
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Event Time Zone
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MDT |
