Industry leaders from Equator, BSI Financial, and LoanCare will discuss the workings of FHA loans during DS News’ latest webinar, “A Step Ahead: Advances in FHA Modeling,”  set for 1 p.m. CDT on Thursday, September 12.
According to Altisoure’s “State of the Servicer Industry” report, 86% of servicing professionals surveyed work on servicing FHA loans, while 72% said they expect their FHA loan portfolio to increase over the next two years.
Panelists for the webinar are: Jarad Bernotavicz, Director of Product Engagement, Equator; John Lawrence, Chief Servicing Officer at BSI Financial; and Adam Sabb, EVP and COO of LoanCare.
Sabb has been with LoanCare for the past two years, but spent the past two years as SVP of Operations at PNC, and Director/SVP of Operations for CitiBank.
Lawrence has been with BSI for the past for years, and has worked for companies such as PIMCO, Fremont Investment and Loan, First American Title, and IndyMac Bank.
Bernotavicz has spent the past decade at Equator, but worked at REOTrans and FFA prior to that.
The webinar will discuss current FHA market trends and the need for strong default management capabilities, such as a need for strong loss mitigation early in the delinquency stage, timeline management, and strong cost oversight.
Also discussed will be how different approaches can help different scenarios, such as using regional versus national vendors. The panelists will also discuss the benefits of using contractors near offices of the Housing and Urban Development, building stronger relations with HUD offices, and the benefits to using smaller property preservation companies.
Additionally, speakers will detail how the challenges of managing default are best addressed by providing transparency and insight into forecasting strategy outcomes. There will also be talks of how data and analytics can be a benefit to FHA loans.