Improving Efficiencies By Combining Hazard And Investor Claims Processes

Improving Efficiencies By Combining Hazard And Investor Claims Processes

The servicer’s imperative post-foreclosure is to liquidate the property and seek recovery under whatever guaranty may exist for the loan. Given the complexity and inherent risk of these processes, servicers have traditionally engaged expert, third-party providers to assist with hazard insurance claims and investor claims. Historically, different companies have specialized in these discrete claim types, so servicers have gravitated toward the leading providers of those services to meet their specific needs.

In this article, Denis Brosnan highlights the benefits of combining hazard and investor claims processing to help minimize the risk of curtailments and ensure maximum recoveries for servicers in both domains.

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