Servicing Transfers Development Workgroup (DWG)
Join the Servicing Transfer workgroup to collaborate and contribute to our work efforts!
Our Goal
As a servicer, lender, investor, or channeled 3rd party servicing support organization within the residential mortgage industry, you know firsthand that servicing transfers require an immense investment of resources. The MISMO Servicing Transfers DWG collaborates and creates standards to streamline transfers for both servicers, reduce portfolio degradation for investors, and limit negative impacts on borrowers.
Our
MISMO Servicing Transfer Catalog is a minimal viable set of ‘industry
collaborated and validated’ instructions and best practices for use by
servicers when planning and executing a servicing transfer. Development
of the MISMO Servicing Transfer Catalog laid a critical foothold to
bring servicers together to collaborate and create servicer-to-servicer
business process approaches. Click here to access.
Current Focus
- Analysis to identify the data needed to support Financial Transactions & Investor Reporting
Our Journey
Who's Playing?
- Our ST DWG consists of residential servicing transfer experts and stakeholders, 100+ members strong - the industry is involved, and we are grateful.
- Government Sponsored Entities (GSEs), Customer Advocacy Groups, and regulatory agencies (CFPB and FHFA) are engaged and actively backing the creation of and standardization of servicing transfer data and processes. Many actively participate, and we are thankful for their passion and time.
Why Join?
- Volunteering your expertise and actively collaborating to with co-experts to help build a clear, effective, adoptable servicing transfer standard is critical to our overall success.
How to Join
Anyone may participate in a MISMO development workgroup or community of practice regardless of membership status. Voting members of Information Management and Architecture Workgroup are elected as per governance procedures. Membership in MISMO is open to anyone - mortgage lenders, banks, credit unions, servicers, vendors, government agencies and more. MISMO members receive a voice, and vote, in creating and enhancing industry standards used by the entire industry. Learn more here.
Leadership
Joey Prince, Shellpoint Mortgage Servicing, Chair
Rachael Macaulay, Flagstar, Vice-Chair
Facilitator
Erin Bittenbender, MISMO
[email protected]
Meeting Schedule
Meets every Wednesday from 1-2pm EST
Meeting URL: https://mba-org.zoom.us/j/87030588927