CFPB Mortgage Servicing Standards: Understanding their impact

June 2013
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CFPB Mortgage Servicing Standards: Understanding their impact

At a glance

This newsletter series is focused on helping you deepen your understanding of the requirements of the new Consumer Finance Protection Bureau (CFPB) rules.

We understand that there are still many areas of the Final Mortgage Servicing Rules published on January 10th, 2013 requiring further clarification from the CFPB. As the deadline for full compliance draws nearer, more information will become available and we believe it is critical for the industry to stay on top of all developments. The purpose of this publication is to provide additional insight to the mortgage servicing industry, based on our industry experience and review and analysis of CPFB comments, and industry groups and other stakeholder communications. Through these publications, we hope to help you dissect the requirements and highlight areas of significant potential impact to your current business processes. We will also keep you abreast of industry developments, including how others are dealing with these changes and areas of uncertainty, and provide further clarity as CFPB issues more guidance over the next few months.