By Tom Stover The processing of hazard insurance claims is not often the main focus of service expertise within mortgage servicers, as it is usually outsourced to specialty insurance providers. These providers are subject to state regulations, with each state free to determine hazard insurance compliance requirements as it sees fit. Because of this, processes … Read moreThree Ways Servicers Can Ensure Compliance While Filing Hazard Insurance Claims
Top Compliance Concerns for Servicers Compliance is a burden. Federal regulations make financial service companies responsible for the compliance of their own employees and operations, as well as the employees and operations of all third party vendors that they use. Fortunately, this burden can be managed.
By Connie Baringer, Sr. Talent Acquisition Manager Servicers are constantly under pressure to select the highest quality insurance service providers. But how can you tell which companies surpass the others in their level of service? With more sophisticated candidates than in years past, it is important to ensure that the insurance service provider you choose … Read moreOutstanding Service Starts in Human Resources