Dear Servicing Industry Professional,

Servicing was the story of the year in the mortgage industry last year, and it will be equally important this year. While the originations market has achieved some stability through government intervention, the servicing area remains a wild and wide-open niche that today’s servicers must navigate with extreme care.

That’s because for all the millions of foreclosures that have gone through the pipeline in the last two years, millions more remain to be done before a normal market can resume. And the success of the government’s aggressive loan modification and refinancing programs remain up in the air, with only a few thousand permanent modifications on the books after almost a year of effort.

But it’s not just hard times in the servicing sector. There are also remarkable opportunities to profit. Managing real estate owned, short sales, servicing software, recruiting the thousands of new servicers required to handle the deluge of distressed loans (many of them former originators) are just a few of the expanding areas in the business.

It is so important to stay on top of both positive and negative trends in servicing. That’s why I’m inviting you to join me at the 4th Annual Mortgage Servicing Conference, to be held April 8-9 at the Westin Galleria, Dallas, TX. We’ve assembled the top lenders and vendors to talk about a wide array of today’s servicing essentials. You won’t want to miss the exciting sessions and the busy trade show we have planned!

Sincerely,
Mark Fogarty
Editor, Mortgage Servicing News