Forbearance and Foreclosure:
What's in Store for the Default Servicing Industry?
August 19, 2020 | 3:00 PM EST
Over 4 million borrowers are in forbearance programs, and the default servicing industry will need to find answers to several daunting questions:
- What will happen as these programs expire?
- How will the industry manage the unprecedented volume of borrower inquiries?
- Will servicers be able to stay compliant with ever-changing regulations?
- And is there a way to prevent another record onslaught of foreclosures?
Join us for an important and information-packed webinar where we explore the current status of forbearance; national trends in delinquency, default servicing, foreclosure processes and evictions; and discuss how the industry might help borrowers in forbearance avoid foreclosure.
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Presented by:
Kayo Manson-Tompkins
The Wolf Firm
Ms. Manson-Tompkins is the managing attorney of The Wolf Firm’s Eviction and Foreclosure Departments. She has spent the majority of her 31 years in practice handling residential civil litigation, with particular emphasis on complex evictions, judicial foreclosures and mobile home foreclosures. Ms. Tompkins also has substantial experience handling surplus funds, deeds-in-lieu of foreclosure and bankruptcies. She has been a speaker at several REOMAC and United Trustees Association (UTA) conferences, a faculty speaker for the National Business Institute (NBI) and Lorman Education Services on residential servicing issues, and a panelist and lead facilitator for the USFN at its Regional and National Loan Management and Servicing Seminars. She has also published various articles for the USFN Report, the USFN National Mortgage Service Directory, the USFN e-update and the UTA Quarterly Newsletter and Servicing Management.
Michelle Gilbert
Gilbert Garcia Group, P.A.
Michelle Gilbert has been admitted to the following practices and courts: Florida Bar, 1986; Middle District of Florida; 1988, Northern District of Florida; 2005, Southern District of Florida, 2006; U.S. Supreme Court, 2000; U.S. Court of Appeals, Eleventh Circuit, 2003. She matriculated at the University of South Florida (B.A., 1982, cum laude), and the University of Notre Dame (J.D., 1985). She is a member of the following groups: Greater Tampa Association of Realtors; Bay Area Real Estate Council, Inc., Board of Directors; Hillsborough County Bar Association (Real Property, Probate and Trust Law; Solo and Small Firm; Diversity; and Military and Veteran Sections); Florida Bar (Real Property, Probate and Trust Law; Business; and Solo and Small Firm Sections); American Legal and Financial Network; Legal League 100 (Vice Chairperson, 2016-19; Advisory Council Member, 2014-19; Special Initiatives Working Group, 2017- present); REOMAC; Attorney Agent, Attorney’s Title Insurance Fund/ Old Republic; and Westcor Title agent. She manages Gilbert Garcia Group’s foreclosure, real estate transactional and litigation, probate, estate planning, guardianship, business transactional and litigation, and corporate law practices, and oversees Sapphire Title & Escrow Company. Gilbert Garcia and Sapphire provide training and consulting to their clients, as well as sponsor monthly give back initiatives in their community.
Moderated by:
Rick Sharga
Executive Vice President, RealtyTrac
Rick is the Executive Vice President of RealtyTrac, a leading foreclosure search and discovery website used by real estate agents and investors. In this role, Rick is responsible for Marketing and Industry Relations, and is the company’s primary spokesperson. Prior to RealtyTrac, Rick was the founder and CEO of CJ Patrick Company, a consulting firm that helped real estate, financial services, and technology companies develop a position of competitive advantage and use it to drive business strategy, marketing, and sales.
One of the country’s most frequently-quoted sources on real estate, mortgage and foreclosure trends, Rick has appeared regularly over the past 15 years on CNBC, the CBS Evening News, NBC Nightly News, CNN, ABC World News, FOX, Bloomberg and NPR. Rick is a founding member of the Five Star National Mortgage Servicing Association, a member of the Board of Directors of REOMAC, and was included in the Inman News Inman 100, an annual list of the most influential leaders in real estate in both 2013 and 2014.
An accomplished executive with over 25 years of experience in consumer and B2B marketing, Rick was formerly an Executive Vice President for Carrington Mortgage Holdings, and Chief Marketing Officer of the company’s Vylla business unit. Rick was previously the Chief Marketing Officer of Ten-X, the leading online real estate marketplace, where he started in July of 2013 as EVP of the company’s Auction.com business unit.
