Issue link: http://dsnews.uberflip.com/i/1513140
December 2023 ยป thefivestar.com 51 December 2023 F E A T U R E S T O R Y Meet MSEA Chair Timika Scott Q: Could you speak about why MSEA membership is important and what MSEA hopes to contribute to the industry and to its members? I'm particularly excited about this new role because it offers the opportuni- ty to collaborate with some exceptional industry leaders; this is a dynamic and transformative space to be a part of. Together, we can influence, motivate, and elevate the overall mortgage industry experience, whether it's through policy changes, educational initiatives, or fostering connections between servicers, banks, investors/insurers, and vendors. Our primary objective is to elevate the customer's experience in homebuying and servicing of their mortgage, all while welcoming and mentoring fresh talent and leadership into the industry. I hope MSEA can bring innovative ideas beyond the boardroom, aiming to inspire and enhance the overall mortgage servicing experience. Our overall mission is to build a platform to mentor and engage current and upcoming leaders in the mortgage industry to drive change within our industry and communities we serve. I hope to present and partner with other mortgage organizations in this space as well. Q: Are there any specific MSEA initiatives or programs you can speak to, even if it's just a "wish list"? Although I'm excited to hear from my Executive Council on what they deem as actionable initiatives/programs, I do have a few ideas: finding innovative ways to streamline FHA servicing process, simplifying loss mitigation strategies, assisting in the partial claim recovery strategy, being at the forefront of AI and how it will be used in origination and servicing processes, and connecting Five Star and the communities we serve at a broader level while creating a training environment for leaders in the industry. Q: How has your past involvement with other Five Star events and organizations prepared you for this leadership role? Engaging in past events and panel discussions provided a platform to meet, connect, and collaborate with promi- nent government and industry leaders, facilitating discussions and strategies for emerging issues. Q: What are some goals you hope to have achieved by the end of your tenure as MSEA Chair? I hope to establish a sustainable framework that empowers individuals to contribute to transformative changes in the industry and leave a lasting impact. Brought to you by & MAY 2023 Magazine Y O U R T R U S T E D S O U R C E F O R M O R T G A G E B A N K I N G A N D S E R V I C I N G N E W S In this Issue DEBT AS DIVERSIFICATION Nonperforming loans and real estate owned (REO) assets as alternative asset anchors. BRACE FOR THIS TRIFECTA OF RISK Why zero repurchase risk is only the result of the new normal. MAKING STRIDES Here are the keys to accelerating proptech and real estate technology through venture capital. MortgagePoint examines the impact of the recent bank failures on the mortgage space, with a cross-section of experts imparting their perspectives on how to avoid similar issues in the future. Subscribe to MortgagePoint and MortgagePoint Digital now! Call 800.856.8060 to take advantage of our special introductory offer! Experts you trust. People you know. News you want. MortgagePoint is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MortgagePoint Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MortgagePoint believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Brought to you by & JUNE 2023 PROMOTING D&I IN THE MORTGAGE INDUSTRY NAVIGATING THE WILD, WILD WEST OF DIGITAL CLOSING PROVIDERS MORTGAGE LENDERS ARE MOVING QUICKLY TO ADOPT DIGITAL CLOSINGS. Also in this Issue: RETHINKING REVERSE MORTGAGE LENDING LENDERS TODAY ARE LOOKING AT REVERSE MORTGAGES AS ANOTHER LOAN PRODUCT TO ADD TO THEIR MENU OF OFFERINGS. Better Together Magazine Y O U R T R U S T E D S O U R C E F O R M O R T G A G E B A N K I N G A N D S E R V I C I N G N E W S Brought to you by & JULY 2023 Keeping Afloat TIME TO DOUBLE DOWN ON THE CONSUMER EXPERIENCE The sales numbers may not be where lenders would like to see them yet, but people do want to buy, according to new research. Here's what homebuyers are saying and what lenders can do to win their business. WHEN A SERVICER CAN TAKE POSSESSION OF A PROPERTY Attorney Joseph T. McCormick details a recent Ninth Circuit opinion on when a servicer can take possession of a property under the Oregon Unlawful Trade Practices Act. COLORADO SUPREME COURT WEIGHS IN ON BANKRUPTCY & FORECLOSURE A recent Colorado Supreme Court decision held that a discharge in bankruptcy does not trigger the statute of limitations on a claim to foreclose based on a deed of trust. RON & FRAUD: THERE'S MORE TO THE STORY While a small fraction of RON transactions may involve fraudulent activity, we have advanced tools at our disposal to stay ahead of bad actors. Magazine Y O U R T R U S T E D S O U R C E F O R M O R T G A G E B A N K I N G A N D S E R V I C I N G N E W S MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.