Sub-Servicer Management Policies and Procedures
Mortgage Sub-Servicing Management and Supervision - Companies may elect to retain loan servicing for portfolio. While a company may possess the capacity to fully service loans, we recognize that there may exist opportunities to leverage services of a third party to enhance service or economic factors. Lenders recognize that customers represent its greatest asset, so make the decision to share these relationships with the greatest of care. We have created and implemented this Sub-Servicing policy and procedure for the purpose of memorializing the steps that lenders must take to manage the performance of the Sub-Servicer.
In doing this correctly we can meet the requirements of our investors, secondary marketing partners, regulators and agencies.
Depending on the state, regulator or investor/agency, even though you have a subservicer, your company may still have to meet the requirements of a full-servicer, including a complete set of policies and procedures. In this case, purchase the Servicing Policies and Procedures Module, which includes this sub-servicing module.
Sub-Servicer Retained Responsibilities
Despite the fact that servicing duties shall be delegated to Sub-Servicer, the lender will still retain certain responsibilities. This plan gives you the ability to monitor and manage the performance of the servicing function.
In doing this correctly we can meet the requirements of our investors, secondary marketing partners, regulators and agencies.
Depending on the state, regulator or investor/agency, even though you have a subservicer, your company may still have to meet the requirements of a full-servicer, including a complete set of policies and procedures. In this case, purchase the Servicing Policies and Procedures Module, which includes this sub-servicing module.
Sub-Servicer Retained Responsibilities
Despite the fact that servicing duties shall be delegated to Sub-Servicer, the lender will still retain certain responsibilities. This plan gives you the ability to monitor and manage the performance of the servicing function.
Sub-Servicer Management Table of Contents |
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Purchase Sub-Servicer Management System
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Sub-servicer Management Plan is included in Mortgage Servicing Module
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