What’s next in the post-forbearance landscape

Today’s HousingWire Daily features another episode of the Preparing for What’s Next miniseries, sponsored by Black Knight and hosted by Assistant Editor of Content Solutions Jordan White. 

In today’s episode, White is joined by Andy Walden, vice president of market research at Black Knight, and Conrad Ficca, vice president of loan data products, also known as McDash, to discuss what’s coming next as borrowers leave forbearance.

Here is a short preview of the interview, which has been lightly edited for length and clarity:

Jordan White: Given everything we’ve been through and learned over the last couple of years, do you think we need to reassess the way we analyze – and service – the mortgage market?

Andy: Walden The short answer is, we’ve already begun. We’ve all worked together to roll out widespread forbearance programs — that eventually served over 15% of the market — in a matter of weeks, which is amazing. We saw significant advancements in eSigning, appraisal waivers, virtual property condition reporting, etc. And here at Black Knight, we built new enhancements into our servicing platform to handle a new wave of required loss mitigation to help our clients help borrowers.

Conrad Ficca: We’re gaining a lot of insightful information here in terms of how the market is reacting, how mortgages are performing in response to a stress event. And I know that we’re looking at those internally here, and I know regulators and the government are looking at those specifically, as well. We are also adding to our loss mitigation tool belt.

HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by Jordan White and produced by Alcynna Lloyd and Elissa Branch.

If you have a pitch or an inquiry relating to podcasts, you can reach our team at  alloyd@housingwire.com and ebranch@housingwire.com