Third-Party Loan Servicing: Why You Shouldn’t “Go It Alone”
Lenders with complex and varied community loan portfolios – which can include housing, commercial, community development block grant funds (CDBG), developer loan programs, HOME investment partnership funds and more – frequently reach a crossroads with loan servicing: Does continued investment in an in-house servicing solution make sense as loan operations grow?
Own Sweet Own: Detroit Home Mortgage
Thanks to funding support from the Kresge Foundation, the Ford Foundation, Michigan State Housing Development Authority and Huntington, FirstMerit, Flagstar, Talmer and Liberty Banks, CRF was able to launch Detroit Home Mortgage. Read below to find out how it will help increase home ownership in the city of Detroit.