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Extern Mortgage News Daily – Rob Chrisman

DPA, HELOC, Correspondent eNote, Escrow Mgt. Tools; STRATMOR on IMB Concerns; Servicing Alarms

Products, Services, and Software for Brokers and Lenders “Escrow is supposed to be predictable. But in default servicing, that predictability diminishes when a loan enters delinquency. Escrows stop being a background process and turns into a manual, high-risk exercise. As core systems fall back on rigid rules, middle operations step in, rebuilding balances in spreadsheets to keep loans moving. Clarifire’s latest blog…

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