Not exact matches
But when
mortgages soured, trustees declined to pursue available remedies for investors, such as pushing a
servicer to buy back loans that did not meet
quality standards promised when the securities were sold.
A
servicer has flexibility to determine such policies and procedures and methods in light of the size, nature, and scope of the
servicer's operations, including, for example, the volume and aggregate unpaid principal balance of
mortgage loans serviced, the credit
quality, including the default risk, of the
mortgage loans serviced, and the
servicer's history of consumer complaints.
Our regulatory and compliance services include analyzing federal and state requirements and restrictions (e.g., licensing / approvals, housing counseling, marketing, underwriting, disclosures, fee permissibility, cross-selling, UDAP / UDAAP, servicing, claims filing, and GNMA HMBS program), and developing and implementing reverse
mortgage products strategies, including policies, procedures and internal controls for reverse
mortgage lenders and
servicers (including
quality control plan drafting and revision), third - party risk management, and auditing of day - to - day operations.