Stewart Lender Services Offers Foreclosure Review Services
|October 11, 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."