Mortgage servicers are under pressure to take action now to help homeowners avoid foreclosure. Many borrowers will be coming off of forbearances later this year and will need permanent solutions for their delinquent mortgages. Before we discuss this problem, and the two main paths ahead for servicers, let’s review how we got to the current situation.

Background

For millions of Americans, the COVID-19 pandemic has had a devastating impact on their ability to make their mortgage payments. The federal government responded by passing the CARES Act, which helped keep people in their homes by allowing borrowers to get forbearances. As…

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Software to Revolutionize Mortgage Servicing

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