Mortgage Servicing Rules for Small Servicers

But if your institution is a small servicer, there are special rules. Do you know the provisions that apply to you? This session will review the elements of the mortgage servicing rules that apply to small servicers. It will address procedural best practices and provide tools to help meet the requirements.

• Identify the mortgage servicing requirements for small servicers
• Use provided materials to assist with force-placement of insurance
• Understand the timing and content requirements for ARM disclosures and notices
• Detail the prompt crediting and payoff statement rule provisions
• Determine which loss mitigation requirements apply to your institution
• Respond to errors and information requests
• Clearly document the recordkeeping requirements to demonstrate compliance