Cheryl Johnson

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Do You Have the Necessary Hazard Insurance Claims Expertise for Your Mortgage Servicing Operations?

Posted by Cheryl Johnson on February 2, 2016 at 9:30 AM

Key-House-Orange1-300x121 - hazard.pngMortgage servicers manage the relationship between borrower and lender or investor, including processing payments, managing escrow accounts and compliance with government regulations, accounting and reporting. Processing hazard insurance claims is not a typical core area of expertise within most servicing organizations. However, executing this area of the business accurately can result in generating significant revenue for investors by recovering costs associated with properties in various stages of default or foreclosure, as well as offsetting servicer expenses.

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Topics: Hazard Insurance