April, 2010 – While the recession may be about over, loan modifications persist, and will for some time. It’s a highly complex task with even higher stakes. When handled correctly members keep their homes, your credit union keeps its members. A great deal of the loan modification burden falls to mortgage loan servicers under the government and many private programs. Steve Kravitz, Vice President of Default at Cenlar, will share his insight on how to identify loan modification candidates, the proper way to structure modified loans, how and when to follow-up with borrowers and how to correctly account for restructured debt during the Prime Alliance Solutions, Inc. and Credit Union Direct Lending co-sponsored Symposium in May 2010.
About Mr. Kravitz
Steve Kravitz is Vice President of Default Administration at Cenlar FSB. His responsibilities include supervision of all Cenlar’s Default Administration activity. Prior to joining Cenlar, Steve held various positions within PHH Mortgage Corporation during his 15+ years of employment and was most recently their Director of Default Administration. Steve is a graduate of Slippery Rock University of Pennsylvania with a Bachelor’s degree in Business Administration, Finance.