The Mortgage Bankers’ Association is holding its National Mortgage Servicing Conference & Expo 2012. The event is going to be hosted by the Orlando World Center Marriott from the 21st to the 24th of February.
MBA’s National Mortgage Servicing Conference & Expo 2012 comes at a critical juncture for the industry. Over the past couple of years, times have been hard for mortgage service providers. With the number of foreclosures on the rise, carrying on business is difficult. The conference is going to educate mortgage service providers on the needs of the hour. The dynamics of their job have been altered significantly and it is important to keep pace with the demand.
Mortgage service providers are no longer behind-the-desk agents seeking to make a commission. They are expected to perform multiple tasks simultaneously. The challenges for the industry and the people working in it have changed and they have to adapt to the requirements.
In light of the recent agreement between the state and federal officials and five of the foremost mortgage service providers, the conference takes on even greater significance. The agreement has been made to rectify the current state of the mortgage industry. It comes as a breath of fresh air. Much of the uncertainty associated with the business today is expected to be eliminated.
The Attorney General’s Mortgage Servicing Settlement is worth $25 billion. In a deal with the five biggest mortgage servicing companies, the Attorney General has assigned them the responsibility of addressing the issues plaguing mortgage loan servicing and foreclosure. The agreement seeks to ease the burden of the homeowners’ by offering them greater protection as well as financial relief. The aim of this agreement is to try and stop the large number of foreclosures.
The agreement is fairly new and only a select few have complete knowledge of the complete details. The conference comes at a timely stage as those involved in the agreement will be able to shed light on the terms. The mortgage service providers that attend will be enlightened on the contents of the agreement and what it holds for the future of the industry.
Last year, MBA’s National Mortgage Servicing Conference & Expo attracted record numbers. This year’s event is even more important given the recent developments. For mortgage service providers and their employees, this event can be an educational experience. Experts in the field are going to speak at the event. The first general session of the conference will be taken by CNN political analyst, Paul Begala. Mr. Begala is one of the several keynote speakers who will conduct sessions during the four day event.
MBA’s National Mortgage Servicing Conference & Expo is the ideal learning platform for everyone related to the mortgage servicing industry. Leading outsourcing company Flatworld Solutions is attending the event along with several other businesses from the services sector.
MBA’s National Mortgage Servicing Conference & Expo 2012 looks set to be a bigger success than last year.