Precedent Management

News and Articles

HECM Assignment and HOAs – Are you Doing It Right?

News - Precedent Management Home Equity Conversion Mortgages (HECM) have recently become a very popular product with Americans as they enter their senior years and utilize the equity in their homes to lighten the burden on their financial situation and increase the quality of their lives. The large numbers of HECM loans serviced has led to increased regulatory oversight and policies, and increased responsibility for servicers. A little noted passage on page 4 of the HUD Mortgagee Letter 2017-05 is beginning to get the attention of HECM servicers nationwide. Mortgage Letter 2017-05 is focused on HECM Claim Type 22 (CT-22) Assignment Requests, and among other things requires HECM servicers to provide contact information for HOA/Condo Associations and proof that all fees are current for assignment requests to HUD to be processed. What does all of this mean and how can servicers take advantage? [More]

Precedent Management Announces Expansion of Code Compliance Division

News - Precedent Management Precedent Management, LLC, a leading provider of innovative real estate solutions, announced today the expansion of its Code Compliance service division to accommodate demand for its municipal violation management services which includes proactive identification, compliance verification, vacant property registrations and curative solutions for lenders, servicers, and real estate aggregators nationwide. [More]

Precedent Management Announces Acquisition of Prescient, Inc. Business Units

News - Precedent Management Precedent Management, LLC, a leading provider of innovative real estate solutions nationwide, announced today its acquisition of HOA and Tax lines of business from Prescient, Inc., a government-focused real estate provider based in Coral Gables, Florida. The acquisition, while in negotiations from 3rd quarter, was finalized early December and affirms Precedent Management's commitment to gaining traction in the real estate component servicing space. [More]