Loss Mitigation In A Turbulent Economy: Strategies For Mortgage Service Providers

Topics:
Credit Management,
Financial Research,
Loss Mitigation
Tags:
Business Operations,
Sales Strategy,
Sales,
Real Estate,
Personal Finance,
Mortgages,
Loss Mitigation,
Investment,
Financial Services,
Financial Accounting,
...
Source:
Deloitte Development

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Overview: Credit cards, home equity loans, and sales finance portfolios have experienced vacillating delinquencies and losses over the last 10 years, resulting in an overall increasing trend in delinquency and charge-off rates. It also appears real estate loans have not experienced these same vacillations until 2007. Because large numbers of mortgages have now become depreciating assets during the current economic downturn, it has become imperative for servicers to improve their operational scale, their capabilities and the speed with which they deliver such services. With declining home values and mounting loan losses, mortgage servicers are searching for processes, techniques and technologies to stem the rising tide of mortgage losses as well as improve their operational efficiencies and effectiveness.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 627KB | Date: Feb 2009 | Pages: 4

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