Default servicers are preparing for significant volume increases across both secured and unsecured portfolios. Muthu Srinivasan, CTO at Planet Home Lending, said in an interview recently for National Mortgage News (requires subscription):

          The mortgage industry has been going in the digital direction...a speed of 30, 40 miles per hour. Given everything going on right now...we are going 65 to 75 miles per hour."

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