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 »

crfs 4th quarter real world case study – fha loss mitigation emergency claim

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 hires audrey cady as accounting manager

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 »

new from crfs – real world case study published every quarter

CRFS REAL WORLD CASE STUDY 2020-01 FHA CLAIMS REFUND PROJECT Client:          Large non-bank mortgage servicer Challenge:   The client was not confident it had available internal analytical resources to deliver a time sensitive project involving claim recovery refunds that needed to be identified, calculated and submitted to the FHA in advance of a pending… Read more »

crfs shares updates on government and GSE foreclosure moratorium programs

The FHA, USDA, VA and FHFA have all recently announced plans to officially extend their foreclosure moratorium programs through December 31st, 2020.  These actions will benefit millions of at-risk homeowners with mortgages insured or backed by these institutions.  Below are links to their respective websites and communications where you can get full details… FHA https://www.hud.gov/… Read more »