Assists mortgage servicers in evaluating risk exposure
HOUSTON (Oct. 10, 2011) – Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Company, now provides nationwide foreclosure file processing reviews for mortgage servicers to ensure their compliance with standard foreclosure practices. These services can also prove beneficial to servicers in preparation for the continued scrutiny and subsequent response to federal and state law enforcement agencies investigating mortgage loan servicing and foreclosure processing practices.
Stewart’s foreclosure file review services are designed to permit servicers to be proactive in their efforts to determine if their foreclosure processes have been in step with state and local foreclosure requirements. Further, the company will assist servicers in providing both a review of default servicing practices, as well as a review of the foreclosure process itself.
“All eyes are on the mortgage industry right now,” said Jason Nadeau, president of Stewart Lender Services. “We assist our clients in evaluating their loans to determine compliance with accepted loss mitigation timelines and foreclosure practices. Stewart Lender Services combines experience, solid technology and flexible infrastructure to customize the review process for each lender’s specific requirements.”
He added, “Customizable aspects of the review process include operational reviews around prudent servicing practices, loss mitigation processes, payment application, allowable fees and expenses, judicial and non-judicial processes and title-related vesting reviews.”
For more information on the new foreclosure review services, contact firstname.lastname@example.org.
About Stewart Lender Services
Stewart Lenders Services (SLS), a wholly owned subsidiary of Stewart Title Company, is a nationwide provider of centralized origination, loss mitigation and REO asset solutions for mortgage lenders and servicers. With more than a century of experience matched with the industry’s leading technologies, SLS helps lenders and servicers meet the rapidly changing demands of today’s market. SLS has the agility, industry knowledge and proven track record to perform throughout the lifecycle of a loan. Stewart Lender Services includes the industry-leading subsidiary PMH Financial, LLC. 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-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries throughout the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com, or by visiting the Stewart blog at http://blog.stewart.com, following Stewart on Twitter @stewarttitleco, becoming a member of the Stewart Title group on LinkedIn, or liking Stewart on Facebook at http://www.facebook.com/StewartTitleCo.