The mortgage servicing industry has lost the benefit of the doubt with judges, regulatory agencies and attorneys representing debtors, and according to a panel of industry experts, proper documents and filing procedures are a critical tool for buyers and sellers to make the most of investment opportunities in distressed and delinquent mortgage portfolios.

“We are put to our proof, which means that we have to prove every fact that we want to make in court. Nothing is assumed to be true,” said Barry Johnson, an attorney who heads the consumer finance department at the SettlePou law firm, during ASR sister publication's National Mortgage News Buying and Selling Distressed Mortgage Portfolios Conference in New York on Tuesday.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.