Multifamily mortgage servicing—never an easy undertaking—may get even more challenging as portfolios shift and shrink and investors demand more loan surveillance, analysts said.
“We’re finding 2014 to be a tough year,” said Bob Shean, COO of M&T Realty Capital Corp., speaking here at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference. Shean said some lenders report higher payoffs and lower retention rates, leading to shrinking portfolios.
Read more...MF Mortgage Servicing Hurdles Grow - Daily News Article - GlobeSt.com
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