The recent changes in the Servicemember’s Civil Relief Act (SCRA) combined with the resolution of the National Mortgage Settlement have placed a much greater burden on lenders. The SCRA bans foreclosures on military personnel when they are on active duty and up to 90 days after they return from duty. However, validating military status and corresponding loan information on a large scale can be laborious and costly for lending institutions. Failure to comply can result in onerous penalties. In answer to this business challenge, CoreLogic® offers the Servicemember’s Civil Relief Act (SCRA) Audit.
On a SCRA Audit, you will receive:
Now, you can rest easy knowing you have help with SCRA compliance.
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