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By Accurate Group - Proactively Managing Residential Mortgage Risk in Today’s World
The crisis stemming from the Covid-19 pandemic has created significant volatility and uncertainty in the real estate market. At least 30% of Americans with home loans — about 15 million households — could stop paying if the U.S. economy remains closed through the summer of 2020 and beyond.
To effectively mitigate this risk, lenders should proactively evaluate processes and technology and readiness to navigate through this period of volatility. Having the right best practices in place will be critical as forbearance, loan modification and mortgage default rates rise. Download our whitepaper here to gain insights into best practices and technology tools to better manage mortgage lending risk.