Key Risk Expands Focus on Human Services

first_img Pinterest WhatsApp By Digital AIM Web Support – February 3, 2021 Previous articlePlus Appoints Former Amazon Executive Chuck Joseph to Lead Strategic PartnershipsNext articleZoomInfo Launches ‘Targeted Audiences’ to Optimize Advertising Campaign Precision and Performance Digital AIM Web Support Twitter Pinterest Key Risk Expands Focus on Human Services TAGS  center_img GREENSBORO, N.C.–(BUSINESS WIRE)–Feb 3, 2021– Key Risk (a Berkley Company), a leading provider of workers compensation insurance products and services for employers throughout the United States, today announced the expansion of their service offerings to support Human Service providers on a national scale. Ashley Hough has been named Director, Human Services Practice. This national program will focus on industry leading workers compensation insurance solutions for non-profits and human service providers including, but not limited to, child services, substance abuse facilities, community-based programs, group homes, fitness/sports facilities and religious organizations. Ms. Hough joined Key Risk in 2015 and has continuously demonstrated a commitment to providing value to workers compensation programs for employers. She most recently served in an underwriting leadership role for our Atlantic Coast Region. Scott Holbrook, president of Key Risk, commented, “We are excited to establish a national focus for Human Service providers and expand on our commitment to exceeding the expectations of our regional clients. With over 10 years of experience supporting this industry, we are confident that the leadership and team we have established will continue to deliver on our commitment to Human Service employers nationwide.” For further information about workers compensation insurance programs, please contact Travis Moose at 470.539.5500 or [email protected] ABOUT KEY RISK: Key Risk (a Berkley Company) delivers innovative and responsive workers compensation solutions that provide clients the freedom to do what they do best. For more than 30 years, Key Risk has focused exclusively on workers compensation solutions for a variety of industries with operations based in the Eastern United States. Nationally, Key Risk offers specialty insurance solutions for employers in the industries of Human Services, Temporary Staffing, Professional Employers Organizations (PEO) and USL&H. Key Risk is a member company of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong), by S&P. For further information about Key Risk, please visit View source version on CONTACT: Stephanie Schmidt 336.605.7510 [email protected] KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE HUMAN RESOURCES SOURCE: Key Risk Copyright Business Wire 2021. PUB: 02/03/2021 09:00 AM/DISC: 02/03/2021 09:01 AM Local NewsBusiness Facebook WhatsApp Facebook Twitterlast_img read more

U.S. District Court Hands Down Servicer Fee Decision

first_img About Author: Robyn Katz Is Rise in Forbearance Volume Cause for Concern? 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Melody R. Jones Data Provider Black Knight to Acquire Top of Mind 2 days ago Robyn Katz is the Managing Partner of McCalla Raymer LLC’s Florida Foreclosure Group. Katz is an authority on creditors’ rights and foreclosure and eviction law and has been practicing in these areas since 1999. Ms. Katz leads the firm’s Florida foreclosure offices, which are located throughout the state, in Fort. Lauderdale, Orlando, Panama City and Tampa. Tagged with: Attorney’s Fees Loan Servicers Subscribe About Author: Susan Reid Susan Reid joined McCalla Raymer, LLC as General Counsel in 2010. An industry icon, she has over 25 years of experience in commercial and residential real estate and mortgage banking. Immediately prior to joining the Firm, she spent 15 years as Associate General Counsel for Fannie Mae.  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Attorney’s Fees Loan Servicers 2016-01-09 Brian Honea The Best Markets For Residential Property Investors 2 days agocenter_img U.S. District Court Hands Down Servicer Fee Decision Related Articles Melody Jones specializes in residential real estate; specifically, foreclosure, and title clearance. She currently serves as Managing Partner of McCalla Raymer’s Foreclosure and Title Clearance Groups in the states of Alabama and Georgia. January 9, 2016 4,543 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Share Save Home / Featured / U.S. District Court Hands Down Servicer Fee Decision The Best Markets For Residential Property Investors 2 days ago By Susan Reid, Robyn Katz, and Melody R. JonesIn Kevin Prescott v. Seterus, Inc., No. 15-10038, 11 Cir.; 2014 US App. LEXIS 20934, the court ruled that the defendant loan servicer, Seterus, violated § § 1692e(2) and 1692f(1) of Fair Debt Collection Practices Act (FDCPA), as well as the FCCPA (Florida Statute 559.55 et seq.) by including estimated attorney’s fees in a reinstatement quote to the borrower, Kevin Prescott. The court found that while the security agreement obligated Prescott to pay for attorney’s fees and other expenses actually incurred by the loan servicer as a result of his default nothing in the security agreement explicitly stated that Prescott must pay estimated fees and costs for future legal services.The question before the court was whether the least sophisticated consumer would have nonetheless understood the security agreement to obligate Prescott to pay such fees; the court held the answer to be no. The court further held the Defendant was not entitled to benefit from a bona fide error defense, as estimated fees/costs were not included as a result of an error.It is important to note that as a result of this decision, as well as two similar opinions in other jurisdictions, James L. Beard v. Ocwen Loan Servicing, LLC, Udren Law Offices, PC, and Cathy Moore, Civil No., (1:14-CV-1162, USDC, M.D.  Pennsylvania) and Dale Kaymark v. Bank of America, N.A. and Udren Law Offices, P.C., (W.D. Pa. No. 2-13-CV-00419), great care should be taken to include only incurred fees and costs in reinstatement or payoff quotes. Any other practice could expose servicers and law firms to liability.COMPLIANCE SUGGESTIONS FOR JUDICIAL STATES Law firms and servicers should be diligent to eliminate forecasted/estimated fees from their reinstatement and payoff quotes. Diligence should be exercised in providing the borrower with the most accurate figures available in a timely manner. Due to the timing of the requests for the reinstatement or payoff quotes versus the timing of the actions taken in the mortgage foreclosure cases, there may be fees or costs incurred during the time period between when the quote is provided and when the funds are due to be tendered (the “good through” date.)  This may result in fees or costs not being included in the amounts tendered by the borrowers.Servicers should consider significantly reducing the length of time payoff and reinstatement quotes are viable (shorten the good through date.) Servicers may want to require borrowers to contact the foreclosure law firm by email or phone at least two business days prior to tender of funds in order to update the quote. This will reduce the likelihood of additional fees and costs being incurred in the interim. In Florida, if there is a foreclosure case filed, the foreclosure firm must take the necessary steps to dismiss the foreclosure action once the loan has been reinstated or paid off. The attorney’s fees to dismiss the case, which may be construed as forecasted prior to the tender of funds, should not be included in reinstatement or payoff quotes. It is the expectation that the fees and costs related to filing the dismissal will be incurred and paid by the servicer.COMPLIANCE SUGGESTIONS FOR NONJUDICIAL STATESAs previously stated, law firms and servicers should be diligent to eliminate forecasted/estimated fees from their reinstatement and payoff quotes. Care should be exercised in providing the borrower with the most accurate figures available in a timely manner. Actions in non-judicial states move much more rapidly than judicial states. As such, fees and costs are usually incurred over short time frames. For example, publication costs are incurred the four weeks leading up to the sale date in some non-judicial states. Each week when a new publication runs, the cost increases.Often figures will be requested with good through dates leading up to just prior to sale or even 30 days or more in the future. It is also notable that the requests often are for “estimated” amounts. Providing estimates of potential future fees/costs is simply no longer advisable in light of Prescott. In order to reduce potential liability, consideration should be given to shortening the time frame of reinstatement and payoff quotes provided to borrowers to seven to 10 days. Further, when the fees and costs are requested in the client systems it is recommended that only incurred fees and costs be requested.  Servicers should strongly shy from providing quotes of long duration and any estimates to borrowers. 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