At what point are you ready for subservicing?

About the Podcast

In this podcast we will address a common question that comes up for credit unions with portfolio loans and/or those that retain servicing for loans sold to investors: What is the minimum volume of loans needed to justify a move towards subservicing?

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Key Takeaways:

  • [01:00] What are the benefits of using a subservicer?
  • [04:13] Partnering with the correct subservicer can lead to substantial cost savings.
  • [08:45] Understanding your organization's strengths and weaknesses is crucial, and many overlook hidden costs.
  • [16:40] Credit unions must ensure subservicers adhere to strict regulations, maintain licenses, and undergo thorough examinations for data security and compliance.
  • [19:49] Credit unions should assess operations carefully and consider subservicing for growth.

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Presented By

Chris Torres
Chris Torres

Business Development | Dovenmuehle

Chris Torres joined Dovenmuehle as a Business Development Representative in 2022. In this role, his responsibilities include growing Dovenmuehle’s client list by sourcing new prospects while fostering and developing long-term client relationships. Previously a member of the Dovenmuehle Product Development team in San Francisco, Chris has a background in financial technology research and development plus a decade of experience in the capital markets and commercial banking space. Chris comes to Dovenmuehle from S&P Global Rating’s U.S. RMBS team with previous experience at Citywide Banks in Colorado as a Commercial Credit Analyst and Wells Fargo where he began his career.