Servicer Errors to Avoid (Servicing) (Personal Account‪)‬

Mortgage servicers and their counsel in the various states are a team. They share the same goal of prosecuting the unavoidable foreclosure correctly, as quickly as possible and always with a view toward loss mitigation, if possible. Particularly in tough judicial foreclosure states such as New York and New Jersey, for example, there is much room for all parties to stumble. Because servicers sometimes ask, "Where can we reduce errors?," I offer comment on the following few areas for consideration.