As interest rates continue to rise, they force lenders to find creative, alternative paths to revenue. One of those areas of opportunity is the mortgage servicing rights (MSR) market.
It's been a while since the industry has had to contend with significant levels of NPLs. While memories of the subprime mortgage crisis remain fresh in some lenders' minds, many businesses aren't equipped for the considerations related to this type of asset. As investors gear up to buy NPLs, lenders need to prepare for an influx of these loans and the requirements related to them, specifically within the due diligence process.
If you've been in the industry for any length of time, you understand the importance of QC to creating sellable loans—but are you actively deriving tangible business value from your QC process?