New Servicing Quality Control launches to oversee credit, risk and compliance in the new era of mortgage loan servicing
HOUSTON (Feb. 19, 2014) –Stewart Lender Services®, a Stewart® company and leading provider of Servicing and Mortgage Origination Support Services, announced today the new Servicing Quality Control service offering for mortgage servicers through Stewart’s Capital Markets Group.
“Quality and due diligence are at the cornerstone of our business, and we are pleased to expand the offerings from our Capital Markets group to include Servicing Quality Control,” said Jason Nadeau, group president of Stewart. “The launch of this service is timed to address the growing needs of our mortgage servicing customers who are balancing the effect of new rules with the increased levels of scrutiny over servicing operations.”
“At Stewart, we have developed a comprehensive Quality Control program that enables servicers to manage operational risk by analyzing loan portfolios, identifying servicing errors and resolving exceptions prior to an audit or regulatory exam,” said Dan Gallery, group executive - for Stewart’s Capital Markets Group.
The program’s goal is to satisfy regulators’ and investors’ requirements and provides stakeholders with an objective assessment of a servicer’s performance by delivering:
- Visibility into specific risk and compliance areas
- Ability to target, research and report on CFPB compliance, state and federal regulations, loan modification programs, escrow accuracy and foreclosure compliance
- Identification, correction and testing of servicing exceptions to demonstrate compliance and satisfy regulatory requirements.
Stewart’s servicing quality control will be offered through its Capital Markets Group based in Denver.
Stewart’s Capital Markets Group is a leading third-party review provider specializing in mortgage due diligence and credit risk management. Stewart’s Capital Markets team provides loan review, due diligence, servicing oversight, securitizations, and regulatory compliance services for private, GSE and government entities. For more information, visit http://www.stewartlenderservices.com.
About Stewart Lender Services
Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Company, is a nationwide provider of centralized origination title, loss mitigation/default resolution, default title, REO asset solutions, quality control and due diligence for mortgage lenders, servicers and capital markets. With more than a century of experience matched with the industry’s leading technologies, SLS helps lenders, servicers and law firms meet the rapidly changing demands of today’s market. SLS has the financial strength, industry knowledge and proven flexibility to perform throughout the lifecycle of a loan. More information can be found at http://www.stewartlenderservices.com.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and foreign governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news.