Short sale timelines and completions are improving, but servicing executives also know their industry can have better results in the government-backed Home Affordable Foreclosure Alternatives program, according to panelists at this week’s Best Practices in Loss Mitigation Conference in Dallas, sponsored by National Mortgage News.

One way to improve performance is to streamline the documentation process, said Bart Vincent, senior vice president of short sales at Wells Fargo Home Mortgage. But such a task can be difficult because investors have to understand the scope of individual situations in order to manage their potential losses, making proper documentation critical.

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