Run partial or full parallel systems with the primary servicer. Complete data mapping and testing offers a more condensed transition period.
Review monthly servicer reports, perform portfolio analysis and store portfolio data files.
GPSG would be named as a possible successor servicing option with minimal monitoring and transition preparation.
Back-up Servicing Overview
Selecting the right provider in the event the servicing of your portfolio needs to be transitioned is important to your lenders. Hear from our Risk Operations Leader about what to expect when selecting a back-up servicing provider. Download Overview