IMN NPL Mortgage Notes Forum is being held on February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount
One of the more notable trends in the mortgage servicing business is the continuous growth of non-bank servicers. Non-bank servicers pursue efforts to expand their servicing business through portfolio purchases and consolidation. Just this month, Mr. Cooper announced the acquisition of Seterus Mortgage Servicing adding over 300,000 customers to its platform.
Joining the podcast to discuss the NPL servicing business is John Dunnery, Vice President of Government Loan Servicing at Bayview Loan Servicing. Bayview is a nationwide servicer of both residential and commercial mortgage loans.