Loan Modifications and Post-Forbearance Workouts

A wave is coming. Are you ready?

At the end of forbearance periods required under the CARES Act, there will be a wave of borrowers requiring post forbearance workouts. Adding to the complexity is the need to maintain compliance with changing regulatory requirements. Document changes have also been required due to changes in investor and insurer loss mitigation programs. More changes are expected that will impact documents and compliance. Wolters Kluwer can help servicers prepare now to handle the wave of workouts.

Why Expere Loss Mitigation?

Wolters Kluwer Expere Loss Mitigation supports forbearance documents required under the CARES Act, in addition to documents for all investor/insurer loss mitigation programs needed post-forbearance. The solution also supports coverage for state-level requirements that may impact documents

You can leverage Wolters Kluwer’s monitored and maintained warranted loss mitigation content for:

  • Forbearance
  • Repayment Plans
  • Deferral
  • FHA Partial Claims 
  • USDA Mortgage Recovery Advance (MRA)
  • Final Loan Modification Agreements (Fannie, Freddie, FHA, USDA, VA)
Benefits of Expere Loss Mitigation

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Wolters Kluwer content is continuously monitored for changes

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Leverage the Expere Document Portal (EDP) for batch processing to handle the high volumes without the need for a full integration to front-end systems

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Ability to leverage Wolters Kluwer Print fulfillment services

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Ability to leverage Wolters Kluwer Business Process Outsourcing (BPO) services to enter additional data

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Wolters Kluwer Document Recording Services available

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Keeping a Focus on Compliance in the Face of COVID-19
We are living in a historical moment. What was unimaginable yesterday are today’s lessons learned. The pandemic is creating broad groups of vulnerable people, and protective regulatory programs are being rolled out in response.

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