crfs summarizes upcoming rule change to USDA’s Single Family Housing Guaranteed loan program claim process

On 12/26/19, the proposed update to the USDA loss claim process released on August 23, 2018 was finalized and published in the Federal Register, and will become effective on 4/24/20.  The new process will eliminate the need for REO disposition plans and implements a streamlined approach in processing timely loss claim payments to lenders, and… Read more »

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 »