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As seen in Servicing Management, Jan 2013: Is The Flat-Fee Model Flat-out Unsustainable? Changes in depth and scope of default servicing have created problems in the traditional billing model for law firms By Jeff Weisserman Excerpt: To mortgage servicing professionals, one of the most heartening aspects of this extended period of analysis and review is the ability to address existing structural problems and implement real and lasting reform. One problem that has not garnered a great deal of attention outside the industry, but that has increasingly become a hot topic of conversation among the mortgage servicing community, is the issue of compensation for default servicing law firms.
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