Fall Regulatory Summit

Internal Use Only

Business Activities Included All mortgage lending and servicing business activities (e.g., first mortgage brokering, first mortgage lending, and first mortgage servicing) with the exception of appraisal management services are included in the proposed Mortgage Business-Specific Requirements.

Internal Use Only

Master Servicing Directly or indirectly holding the rights to service mortgage loans, but not actually conducting the servicing activities associated with the loans. Current Business Activity Definition

Types of Master Servicing

Servicing your own loans

Should the definition change because of the different types of MSRs?

You own a loan without the right to collect

You own the right to service on behalf of another

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