Midwest Loan Services Webinar for ACUMA
Subservicing: What Is It? How Can It Work for my Credit Union?
Wednesday, Feb. 17 at 1:00 p.m. Central Time (2:00 p.m. Eastern, 11:00 a.m. Pacific)
Are you retaining mortgage servicing rights or considering doing so? If yes, before you make the decision to perform the servicing functions in-house, there are a myriad of factors that you will need to consider:
- Overall servicing responsibilities
- Expenses
- Staffing
- Regulatory compliance
- Purchasing a servicing system
- Ensuring staff expertise
- Determining your actual bottom-line cost to service
- Building the bandwidth to handle compliance-related issues.
You may be better off (financially and risk) to consider outsourcing to a proven sub-servicer, especially in these uncertain and challenging times.
This hour-long session features Peter T. Sorce, CMB, President & CEO of Midwest Loan Services. Sorce has more than 25 years of experience in mortgage banking, mortgage servicing, auditing and compliance. He oversees day-to-day operations for Midwest Loan Services, a sub-servicer of mortgage loans dedicated to serving the small to midsize financial institutions.
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