How to Align Your Mortgage Servicing with Your Strategic Goals
The mortgage industry has gone through shifts over the last few years. And with these changes, community banks need to adapt in order to remain successful at reaching their strategic goals. One important aspect is to align mortgage servicing with your strategic goals to achieve long-term success.
While planning for 2025, are you encountering these challenges?
- Rapid depletion of servicing portfolio outpacing new loan replenishment
- Annual 5-7% increase in servicing costs (technology contracts, paper and statement costs)
- Increased audits from investors & agencies (delinquency reporting, cash remittance)
- Difficulty retaining qualified staff
Bankers’ Bank offers a solution for your mortgage servicing portfolio. You can trust us to be your partner and not a competitor if you need to align mortgage servicing to your strategic goals:
- Sell the portfolio
- Provide a safe outlet for new originations
- Assist with servicing issues
If you’re interested in exploring options for your mortgage servicing, contact Bankers’ Bank today!