Bankruptcy Mandatory Mortgage Mediation: Better Underwriters? #8

This is my 8th post on the Fort Lauderdale  bankruptcy mediation program .  The underwriter for the servicer reviews the application and financial information provided by the borrower to determine whether a modification can be provided and the terms of the modification.  I have been informed that typically the underwriters in the bankruptcy department for the lender are more experienced; they have received promotions and have higher pay then the typical foreclosure underwriter.  A more knowledgeable and experienced  underwriter would be better able to understand the situation of the debtor during a mediation.



Leave a Reply

Your email address will not be published. Required fields are marked *