A Tidal 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.