Six Things Servicers Need to Know About Filing Investor Claims in a Timely Manner

Posted by Robert Barbaro on April 13, 2017 at 9:30 AM

DIMONT_Key-House-Orange1.pngThe benefit of making insured loans is if the borrower defaults and the servicer meets all guidelines, a claim can be filed with the investor to recover part or all of the loss. But the government carefully regulates this process, and servicers that fail to meet all requirements can lose part or all of the potential claim.

While every investor requires servicers to work within the same time frame, different servicers handle the process in their own ways. The standard 30-day clock starts ticking for everyone from the date of a terminable action, and servicers must be prepared to submit their initial claims within that time frame.

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Topics: Investor Claims