Author: Jeffrey Clark

CRFS was highlighted in the Top 5 segment of the April edition of DS News.  CRFS is grateful to DS News for showcasing our industry leadership, innovative culture, and commitment to our clients and employees.  Setting the standard for 20 years, CRFS is the valued partner mortgage servicers can rely on to support their default… Read more »

Steven Mowers, CRFS President, recently spoke to DS News about CRFS’ recent challenges and successes.  Read the full interview below or visit the DS News article at the following link: https://dsnews.com/featured/04-11-2022/servicers-configuring-workforce CRFS – Optimizing Workforce Configuration to Meet Client Needs Steven Mowers, President, Claims Recovery Financial Services  What were the most difficult headwinds you faced over… Read more »

CRFS REAL WORLD CASE STUDY 2022-01 FANNIE MAE PAID IN FULL CLAIMS   Client:              Large non-bank mortgage servicer   Challenge:       In late 2021 the client approached CRFS with a significant backlog of Fannie Mae Paid In Full (PIF) claims, which was not a claim type that CRFS had… Read more »

As you may know, the HUD Single-Family Housing Policy Handbook 4000.1 had updates that went into effect today, March 31st.  The changes applied to Section III – Servicing and Loss Mitigation,  Appendix 4.0 – FHA-Home Affordable Modification Program (FHA-HAMP) Calculations, and Appendix 5.0 – HUD Schedule of Standard Possessory Action and Deed-In-Lieu of Foreclosure Attorney… Read more »

The CRFS team just wrapped-up its annual Orleans County (NY) United Way campaign with a total 2022 pledge of over $10,000!  CRFS experienced a 37% employee participation rate increase and a 43% pledge amount increase this year, and also introduced our corporate match initiative. Individual CRFS teammates will also be participating in the upcoming United… Read more »

CRFS is being featured as the Most Valuable Company in the March 2022 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 steadily returns to a more normal environment.  As… Read more »

CRFS is excited to be sponsoring and exhibiting at the upcoming MBA Servicing Solutions Conference and Expo taking place Tuesday, February 22nd until Friday, February 25th in sunny Orlando, FL.  We’re pleased to be back to an in-person forum and look forward to the opportunity to responsibly reunite with our clients and partners at the… Read more »

CRFS REAL WORLD CASE STUDY 2021-04 ACCELERATED ASSET DISPOSITION CONSULTING   Client:                   Mid-sized mortgage servicer   Challenge:            In late 2021 our client identified a population of FHA loans that were deemed as eligible to proceed with foreclosure and eviction activities. However, LOB… Read more »

CRFS is pleased to announce the addition of Michael Meredith-Campellone as Director of Information Technology. Michael, who resides in Little Rock, AK, joins the Executive Team and brings over 30 years of IT experience to the company.  His responsibilities include the strategic development, management and project execution of both the Information Systems and Information Technology… Read more »

CRFS REAL WORLD CASE STUDY 2021-03 HUD CLAIMS AUDIT SERVICES Client:                  Several mid-sized mortgage servicers   Challenge:           During 2021, several CRFS clients received notice from HUD regarding an upcoming claims audit for FHA loans. Since there is typically a lengthy gap between HUD… Read more »