Author: bryanf

CRFS REAL WORLD CASE STUDY 2021-02 ACQUIRED PORTFOLIO CLAIM STATUS PROJECT   Client:           Large non-bank mortgage servicer   Challenge:   In late 2019 our client acquired a third-party mortgage servicer and encountered sizable challenges identifying the status of the defaulted loans portion of the portfolio and whether they were eligible for claim filing. Our client was concerned… Read more »

CRFS is being featured as the Most Valuable Company in the May issue of DS News.  We’re delighted to be this month’s “MVC,” and are grateful to DS News for the opportunity to showcase the important work CRFS is completing for our clients as the industry continues to move closer to a more normal environment. … Read more »

CRFS is live and ready for action as a proud Exhibitor at this year’s MBA Spring Conference and Expo that opened today.  We’re looking forward to sharing with our clients and partners all the exciting news on the innovative products and services we’ll be rolling out over the course of 2021.  A few of these… Read more »

The CRFS team is pleased to announce that we will be an exhibitor at the upcoming MBA Spring Conference and Expo to be held virtually from April 20-22.  Offered via MBA LIVE, an interactive virtual conference experience, you will hear from an unparalleled lineup of speakers on the Main Stage, dive deep into your specialty… Read more »

CRFS announced today that it has hired industry veteran Ryan Lasal to take on the newly established role of Director of Innovation.  In that role, Lasal will be responsible for developing, facilitating and implementing new ideas and innovative strategies within CRFS’ business model that will position the company for success in the rapidly changing mortgage… Read more »

On February 16th the Biden administration announced an extension of the COVID-19 forbearance and foreclosure protections for homeowners.  Read full details here… https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/16/fact-sheet-biden-administration-announces-extension-of-covid-19-forbearance-and-foreclosure-protections-for-homeowners/ Notwithstanding this extension, the mortgage industry and the country continue to creep closer to a return to normalcy.  Now is the time to prepare your default and foreclosure shop for the coming uptick… Read more »

CRFS Real World Case Study 2021-01 COVID-19 FNMA Deferment Claim Project   Client:           Large non-bank mortgage servicer   Challenge:   In May, 2020 Fannie Mae under the direction of the Federal Housing Finance Agency (FHFA) in partnership with Freddie Mac issued a new Lender Letter (LL-2020-07) that provided servicers with additional retention workout options for borrowers… Read more »

Claims Recovery Financial Services, LLC (CRFS), the mortgage industry’s premier provider of claim filing and recovery services, was awarded the Orleans County (NY) Chamber of Commerce “Employer of the Year” for 2020 at a ceremony held today. CRFS, which started out with one employee processing a few claims for one client, today employs almost 200… Read more »

CRFS REAL WORLD CASE STUDY 2020-02 COVID-19 LOSS MITIGATION CLAIMS PROJECT   Client:           Large bank mortgage servicer   Challenge:   In April, 2020 HUD issued Mortgagee Letter ML 2020-06 that provided servicers with additional Loss Mitigation options for borrowers who had entered into forbearance as a result of financial distress caused by the Covid-19 pandemic. The… Read more »

CRFS is pleased to announce today that Audrey Cady has joined Claims Recovery Financial Services as their Accounting Manager.  In that role Audrey will be responsible for all the accounting and financial reporting activities of the company.  Audrey holds a Bachelor’s degree in Accounting from SUNY Geneseo, and has spent the past several years working… Read more »