Market Recovery Doesn’t Just Mean Loan Mods and Short Sales
MORTGAGE TECHNOLOGY - March 4th, 2010
By Anthony Garritano
At the Mortgage Bankers Association National Servicing Conference and Expo here, attendees were very interested in how short sales can be more automated and technology vendors were ready to deliver solutions. The same way they were ready to automate loan mods last year. However, 54% of respondents say industry recovery will take more then short sales and loan mods.
“Our nation is in the midst of a distressed property crisis affecting millions of Americans, and we must act swiftly and creatively to either help keep people in their homes or support a homeownership exit outside the foreclosure process,” said Joe Filoseta, president and CEO of DepotPoint. “It will take integrated teamwork and relationships like the one we have forged with AssetPlanUSA to have a real impact on this crisis. AssetPlanUSA’s management team has extraordinary experience with short sales and working with troubled borrowers to find alternatives to foreclosure. We look forward to working together.” Read More–>
