crfs promotes industry veteran stacy newell to director of operations

CRFS is pleased to announce that it has promoted industry veteran and current Operations Manager Stacy Newell to Director of Operations.  In her new role Stacy has operational responsibility for all clients and claim types including FHA, VA, USDA, MI, GSE and Private Investor, and is a member of the company’s Executive Team.  “We couldn’t… Read more »

cfpb issues final set of rules on assistance for borrowers impacted by COVID-19

The Bureau of Consumer Financial Protection (CFPB) today issued its final rule to amend Regulation X to assist mortgage borrowers affected by the COVID-19 emergency. Effective August 31, 2021, the final rule establishes temporarily procedural safeguards to help ensure that borrowers have a meaningful opportunity to be reviewed for loss mitigation before the servicer can… Read more »

CRFS 2nd quarter 2021 real world case study – acquired portfolio claim status project

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 featured as ds news most valuable company for may 2021

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 goes live at mba spring conference & expo

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 »

crfs to exhibit at MBA spring conference and expo

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 creates office of innovation, hires director

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 »

Biden administration announces extended forbearance and foreclosure moratoria

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 1st quarter 2021 real world case study – COVID-19 fnma deferment claim project

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 »