Enjoy the clip above and watch the entire episode below the show notes.
CU Members Mortgage's "Mortgage Monthly" is back with the company's Executive Sales Consultant Carrie Fenwick, discussing "What Most Are Not Thinking Of When It Comes to Mortgage Servicing."
Carrie broke down this topic, stating that mortgage servicing is way more than posting payments and calculating loan payoffs. Then she addressed the other side of the coin, which was DIY (do it yourself). Is it cheaper and more efficient to do the mortgage serving yourself? Carrie talked about the associated risks going this route, as well.
Lastly she discussed the member benefit if a credit union outsources its mortgage servicing , as well as describing the difference between service released and sub-servicing.
Check it out and let us know your thoughts and stay tuned for next month's Mortgage Monthly. And be sure to watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.