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RiskExec, the industry’s leading Fair Lending analytics software provider, launches its newest compliance module, giving servicers the tools and statistical analyses needed to uncover potential risks in handling forbearance requests, loan modifications, and terminations.
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However, the guidance is ambiguous in providing the options that a servicer can offer to the borrower at the termination of the granted forbearance. This ambiguity, and the potential for disparate treatment of borrowers in the stages of loan modification, delinquency, workout or foreclosure puts servicers at risk at a time when regulators will be extremely vigilant regarding the actions of servicers.