blog

Bankruptcy Technology Isn't Just For the Big Loan Servicing Players Anymore

Fluctuating filing trends heavily affect bankruptcy case processing. Despite a downward filing trend in past years, the complexity of bankruptcy processing has increased, in part, because of a shift in the types of filings. But since a peak in active bankruptcies in 2010, banks, servicers and law firms have scaled back budget and resources for non-performing loan servicing. And, in addition to greater complexity of work, interest rate increases are expected to lead to an increase in filing volumes in the near future.

read more right

Loan Servicing the Right Way: Reducing Risk, Cost While Maintaining Scalability

Declining bankruptcy volumes have increased pressure to reduce servicing costs per loan. Many cost-conscious professionals are looking to outsource overseas, reduce workforce, and even removing regulatory-related checks and balances to help meet the demand to “do more with less.” But these measures may lead to increased costs and risks, with a reduced ability to address volume fluctuations. Watch this webcast to learn real-world strategies to stay prepared for future changes in the bankruptcy market while still keeping an eye on the bottom line.

read more right
load more
By continuing to browse and accepting this banner, you consent to the storing of first and third-party cookies on your device to enhance site navigation, analyze site usage, and assist in Epiq’s marketing efforts. Read more on our cookie notice.