Mortgage servicing takes center stage

Article Abstract:

Mortgage servicing has moved from being just a back-office operation into one of the most high-profile players in the residential-finance business. It has become a distinct business enterprise that can produce significantly higher profits than in the past and leverage new technology to cut loan administration costs. The rise to prominence of larger servicing portfolios enables businesses to enjoy economies of scale and concentrate decisionmaking into fewer people. The result is more attractive incentives, greater ability to minimize costs and manage business risks.

Commercial Banks, Mortgage and Nonmortgage Loan Brokers, Consumer Mortgage Loans, Management, Mortgages, Loan servicing

---

Mortgage servicing: surviving the competition

Article Abstract:

The mortgage bank market is predicted to become more competitive in 1992, pushing out smaller companies in favor of larger, more efficient ones. Better management, cost control and service strategies are needed to avoid mortality. Factors contributing to this trend are the increasing cost of servicing loans, poor cost controls including unneccesary expenditures on technology-intensive equipment and the rapid acquisition of small to medium-sized companies by larger firms.

Forecasts and trends, Mortgage banks

---

Business as usual: foreclosure work remains vital

Article Abstract:

The foreclosure aspect of the mortgage business will remain ingrained regardless of what changes influence the servicing industry. Although servicers are striving to eradicate the existing pool of loan defaults in their portfolios, new-purchase and refinance business written during the low-interest-rate days between 1992 and 1994 will produce peak defaults starting in 1996 up to 1997.

Evaluation, Foreclosure

Similar abstracts:

• Abstracts: Worker protection policies in the new century. Changes in labor force participation in the United States
• Abstracts: On the generic efficiency of takeovers under incomplete information. Ideal structures of path independent choice functions
• Abstracts: Antidumping policies in the United States and the European Community. Credibility and disinflation in the European monetary system
• Abstracts: Countervailing power and consumer prices. Comparing vertical restraints
• Abstracts: Modeling market shares of the leading personal automobile insurance companies. The structure of the property/casualty insurance industry

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.