Summit Coverage: Top 10 impacts of the mortgage servicer consent order

Mortgage servicers have been highly scrutinized over the past few years, since the foreclosure crisis illuminated problems with procedures and record keeping, among other things. With a consent order from their prudential regulators and a settlement agreement with 49 states dictating new protocols they must follow, mortgage servicers are looking to the vendors that work for them to help maintain compliance. During the National Settlement Services and Compliance Summit, attendees heard about the top 10 ways this will impact settlement service providers.