January 2025
Mortgage Compliance Insights, the Year Ahead in Home Equity & More
As we step fully into 2025, I’d like to extend my gratitude to all of you for your continued trust in and partnership with Covius. The start of a new year brings new initiatives and a renewed evaluation of and focus on priorities. We’re excited to navigate this new year and the road ahead with you.
This month’s edition of Covius Connection highlights key insights and initiatives designed to help you kick off the year with confidence. We’ll look at last year’s regulatory and legislative landscape and what’s ahead for 2025. We will also explore what’s on the horizon for home equity and showcase the innovative ways our teams are driving efficiency for our clients.
Here’s to a year filled with progress, collaboration and success. Welcome to 2025!
Pete Pannes
Chief Business Officer
Regulatory & Legislative Landscape: 2024 Review / 2025 Outlook
The Covius 2024 Compliance Review & 2025 Outlook is here! This year’s report offers in-depth insights into the current compliance landscape, including the focus of the CFPB, new loss mitigation measures, foreclosure prevention legislation and major state and federal litigation outcomes. The report also provides a forward-looking analysis to help lenders and servicers navigate the challenges and opportunities of 2025.
Home Equity Outlook for the Year Ahead
Will 2025 be the year of home equity lending? Will rates reach a level that will reignite cash-out refinances and push home equity lending back to second-tier status? Check out the latest article for Home Equity Lending News by Covius Chief Business Officer Pete Pannes for a recap of where we left the home equity market in 2024 and what’s in store for 2025.
Join Us in Dallas for Our MBA Servicing Kick-off Party!
If you’re headed to Dallas for MBA Servicing, join Covius and Guardian Asset Management at our private cocktail reception downtown Tuesday, 2/4 at 6pm. Serving farm-to-table fare and scratch cocktails with a vintage twist, our evening at 3Eleven Kitchen & Cocktails is sure to be the perfect kick-off to MBA Servicing!
Jason Tufaro to Head Business Development for Covius Document Solutions as New Vice President
Please join us in welcoming Jason Tufaro as our new head of Business Development for the Covius Document Solutions business unit. Jason has been an integral player on our team for nearly a decade and a half. Our clients value Jason’s leadership, deep industry knowledge and commitment to innovation. We are excited to see him bring the same energy and expertise to this new role. Congratulations, Jason!
Clayton Servicing Oversight Ensures a Smooth Escrow Analysis Process
The first quarter is a critical time for servicers, as changes in taxes and insurance premiums often impact annual escrow analyses. This makes it the perfect opportunity to review these processes in detail. Clayton’s Servicing Oversight team partners with major servicers and subservicers on behalf of investors and MSR holders to address a wide range of escrow-related issues.
Our experts review:
✔️ The accuracy of amounts listed on the analysis
✔️ Proper use of the escrow account
✔️ Reasonableness of upcoming disbursements based on the prior year’s amounts
✔️ Accurate calculation of the required escrow “cushion”
Trust Clayton Servicing Oversight to ensure your escrow analysis process runs smoothly this year. Contact Clayton VP-Business Development for Servicing Oversight Zaira Rodriguez at Zrodriguez@clayton.com to find out more.
Covius’ Service 1st Announces Dedicated Support for Clients Ordering Appraisal Field Reviews Through the ACES Platform
Service 1st, Covius’ national appraisal management solution, is excited to offer dedicated support for clients ordering through the ACES platform. Dante Petrella will now be the dedicated ACES representative for Service 1st. Dante has been a part of the Service 1st team for more than six years and brings more than 25 years of experience in sales and client relations to this position. Dante is committed to exceptional service and will play a key role in ensuring the seamless integration of our solutions into client workflows, enhancing efficiency and accuracy.
In addition to delivering field reviews through the ACES platform, Service 1st delivers a full range of residential and commercial valuation products that span the mortgage spectrum from origination through default. Our appraisal solutions are ideal for lenders looking to improve productivity, reduce costs and maintain the highest quality and compliance standards.
To learn more about how Service 1st’s ACES platform support can benefit your business, contact Dante at Dante.petrella@covius.com.
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