Altisource Portfolio Solutions S.A. has released the results of its inaugural Default Servicing Survey, finding that that 97 percent of servicing professionals surveyed indicated they will consider a single-vendor approach to support complex portfolio needs.
According to the U.S. Department for Housing and Urban Development, FHA loans accounted for more than 17 percent of newly originated mortgages in 2016 and constituted 35 percent of all loans delinquent for 30 or more days.
Read on for more details on what servicing professionals consider the greatest challenges for effective claims without conveyance of title programs.
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