If your credit union services loans for Fannie Mae or Freddie Mac, you may be wondering whether the Federal Housing Finance Agency (FHFA) is going to change servicing compensation and what that could mean for your credit union’s net revenue. In this podcast, we speak with mortgage servicing expert David Allison, Senior Vice President of Business Development at Dovenmuehle, about the current structure of mortgage servicing compensation, what changes may be on the horizon, and how they could negatively impact your credit union. David has been with Dovenmuehle for 21 years and previously worked at Mellon Bank in Pittsburgh, New York. Dovenmuehle is NAFCU Services Preferred partner for mortgage subservicing solutions for credit unions.
Show References: www.nafcu.org/dovenmuehle