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PFI Compliance Webinar Posted for Consent Orders Update – Independent Review of Foreclosure Actions
Proctor Financial´s Compliance Department has posted its newest Compliance Webinar On Demand which discusses “Consent Orders Update – Independent Review of Foreclosure Actions.”
In April 2011, federal regulators entered into consent orders with the top 14 mortgage servicers. The consent orders addressed a wide range of mortgage servicing and foreclosure issues – including dual tracking, single point of contact, MERS, and inadequate documentation practices.
Additionally, the consent orders required each servicer to hire an independent consultant to perform a review of the servicer´s foreclosure actions that occurred between January 1, 2009 and December 31, 2010. The independent review of foreclosure actions will likely be the most complex and time consuming requirement for the servicers to implement.
To learn more about this topic, you can listen to PFI´s latest Compliance Webinar On Demand by logging into PFI´s Compliance Resources area. To request a username and password, you can click the registration link on the login page.