SERVICING TRANSFER MANAGEMENT


HOW IT WORKS

The transfer of the operational responsibilities of servicing mortgage loans can be a complicated process, and a costly one if not managed correctly. The CFPB along with other agencies are paying special attention to the process and procedures in place to manage mortgage servicing rights (MSRs) transfers, including the technology used to support the process. Reconciling data, ensuring all documents are received and correct, and knowing where a loan is within a process such as Loss Mitigation, Bankruptcy or Foreclosure are under close scrutiny. The CLARIFIRE application provides comprehensive workflow processes and dashboards to allow your organization to smoothly monitor and transition a portfolio transfer.

CLARIFIRE can help you meet servicing transfer requirements with technology and a plan ...

  • Analytical tools to search, review and track complaints that indicate regulatory violations.
  • Conversion process to align in flight activities before and after servicing transfers.
  • Dashboards to provide visibility into exception files.
  • Automated Alerts and tracking of CFPB required disclosures and timelines.
  • Business rules that track requests and receipt of documents.
  • Real-time data management to provide accurate and timely communications.
Demo Financial Services

CLARIFIRE is truly "BRIGHTER AUTOMATION®."