crfs team is active in recent industry conferences

The CRFS team has been very active in recent weeks participating in industry events, including the MBA Annual Conference and Expo in Austin and the National Property Preservation Conference in Washington, DC.  We were proud to serve as the Technology Sponsor at NPPC 2019, and our own Director of Compliance Sean Snook was part of… Read more »

CRFS Announces Launch of Innovative Remote Staffing Organizational Initiative

CRFS, the mortgage industry’s premier provider of claim filing and recovery services, is pleased to announce the successful launch of a new organizational design strategy that allows it to attract and retain experienced claims professionals from around the country.  The innovation lies in the fact that rather than building and maintaining multiple physical work sites… Read more »

crfs team to attend the upcoming five star conference

The CRFS team is looking forward to the upcoming Five Star Conference and Expo set for September 23-25 in the Big D, Dallas, TX.  If you’d like to connect with us during the event, call or e-mail Jeffrey Clark at 585-590-5422 or Learn more about the conference here… Hope to see you there!!

crfs recaps changes with hud mortgagee letter 2019-14

HUD released Mortgagee Letter 2019-14 last week which positions Disaster Loan Modifications and Disaster Partial Claims as a permanent Loss Mitigation Option for Servicers to utilize as part of their Loss Mitigation strategies.  These options were introduced at the beginning of 2018, however they were a temporary program with a sunset date of 5/1/2019.  HUD… Read more »

crfs announces departure of co-founder and vice chair jodi gaines

For Immediate Release August 23, 2019 CRFS Announces Departure of Co-Founder and Vice Chair Jodi Gaines   Albion, N.Y. – Claims Recovery Financial Services, LLC (CRFS), the mortgage industry’s premier provider of claim filing and recovery services, announced today that Co-Founder and Vice Chair Jodi Gaines has decided to voluntary resign her role with CRFS… Read more »

crfs provides summary of new FHLMC property management guidelines

On July 15, Freddie Mac implemented updates that eliminated many property management functions which were formerly required of Servicers. These changes are effective for properties with a foreclosure sale held, or deed-on-lieu executed, on or after this date, as well as for properties which are in active REO status as of this date. CRFS has conducted… Read more »

CRFS provides comments in response to HUD’s request for feedback on the Single-Family Loan Sale Program (SFLS Program)

In its request for feedback, the FHA indicated that it is particularly interested in public comments addressing the following issues (the CRFS feedback, which was delivered to HUD the first week of July, is reproduced below):  3.0 Obstacles, Benefits, and Drawbacks 3.0.1 FHA Single Family Loan Sale Servicers (1) What obstacles exist to participation in… Read more »

crfs releases summary on recent Fannie Mae Servicing Guide, LoanSphere Invoicing, and Servicer Expense Reimbursement Job Aid updates

In April 2019, Fannie Mae updated its Servicing Guide, LoanSphere Invoicing, and the Servicer Expense Reimbursement Job Aid.  SVC-2019-02 provides the updated Servicing Guide Topics and a brief description of the updates.  The LoanSphere Invoicing 19.3 Release Notification provides the updates to LoanSphere Invoicing.  CRFS has conducted a thorough review of all of the updates… Read more »