Obtaining a favorable judgment at the end of a contentious lawsuit marks an important milestone in the creditor’s journey to recovery. However, the journey does not end there. Judgments still need to be collected or enforced, and every state imposes a finite amount of time for the creditor to do so. In many states, a money judgment typically lasts for 10 years, whereas others allow a much shorter timeframe to act. All is not lost, however, if the creditor finds itself facing down an impending expiration date for its judgment. In this article, we will explore the top reasons for renewing judgments, and how they enable the judgment creditor to maximize recovery. Protecting InvestmentThe process of obtaining a judgment requires a significant investment of time, money, and effort in pursuing a legal case. For business owners, it frequently entails diverting valuable human and physical capital that may otherwise be put …

Stern & Eisenberg Managing Shareholder Steven Eisenberg Stern & Eisenberg, a Warrington, Pennsylvania-based law firm focuses on real estate and business law; general and mortgage default litigation; estate planning and administration—as well as REO and retail real estate closings—has announced the addition of 13 new shareholders to the firm. “I am extremely proud to welcome a number of my trusted attorneys as my partners in Stern & Eisenberg,” said Stern & Eisenberg Managing Shareholder Steven Eisenberg. “Our new shareholders represent a diverse, exceptionally talented group of attorneys who practice in multiple areas across our footprint. They demonstrate our firm’s dedication and commitment to quality and exceptional service to our clients. I am delighted to celebrate their achievements and welcome them to the ranks of shareholder.” The 13 Stern & Eisenberg 13 attorneys that have become shareholders include: Lucas Anderson, Oliver Ayon, Evan Barenbaum, Salvatore Carollo, Catherine DiLorenzo, Ryan Keesee, Steve …

Chris Marshall, Executive Chairman, Sagent Fintech software company Sagent has appointed Chris Marshall as its new Executive Chairman. In this role, Marshall will work closely with Sagent’s executive team to deliver the $13 trillion mortgage servicing industry’s first and only cloud-native software platform in 2024. Marshall first joined Sagent’s Board of Directors in 2022 as part of a multi-year agreement with Mr. Cooper Group. As Executive Chair, Marshall will oversee strategy to deliver on Sagent’s vision for the future of mortgage servicing. “Mortgage servicing is the last and toughest mile of mortgage industry modernization, and Sagent’s technology, team, and industry expertise make it the best software partner for America’s servicers,” said Marshall. “Sagent’s new platform will streamline processes and dramatically lower operating costs for servicers, while significantly improving customer experience.” Marshall had been Vice Chair and President of Mr. Cooper, announced his intent to retire last year, and will transition …

The Mortgage Bankers Association’s (MBA) latest Loan Monitoring Survey has revealed that the total number of loans now in forbearance nationwide continues to fall, dropping by three basis points from 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of December 31, 2023. The MBA estimates that 115,000 homeowners are in forbearance plans nationwide, as mortgage servicers have provided forbearance to approximately 8.1 million borrowers since March 2020. In December 2023, the share of GSE loans (Fannie Mae and Freddie Mac) in forbearance declined one basis point from 0.16% to 0.15%. Ginnie Mae loans in forbearance decreased eight basis points from 0.47% to 0.39%, and the forbearance share for portfolio loans and private-label securities (PLS) decreased three basis points from 0.30% to 0.27%. “Forbearance as a loss mitigation option is diminishing,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis. “While forbearance is a powerful tool for …

Ingrid Jaschok, SVP of Default Operations, Cenlar FSB Ewing, N.J.-based mortgage loan subservicer Cenlar FSB has announced that Ingrid Jaschok has been appointed SVP of Default Operations. As SVP of Default Operations, Ingrid will oversee all business segments within the default servicing portfolio including early and late-stage default. In addition to those duties, Ingrid will develop and implement strategies that ensure goals are achieved while enhancing the homeowner experience and meeting investor, regulatory, and compliance guidelines. “Ingrid is a valuable addition to the team, and I am confident she will deliver the best experience for our clients and their homeowners,” said Cenlar SVP of Loan Operations Bill Moffett. “A seasoned executive, Ingrid has a proven track record of utilizing innovative approaches and promoting the adoption of new technologies to increase productivity in the loss mitigation process.” Jaschok has more than 25 years of experience in call center operations, loan administration, …

Mike Jansta, Chief Operating Officer, Xome Dallas, Texas-based real estate marketplace Xome has announced the appointment of Mike Jansta as its new Chief Operating Officer. “Xome is thrilled to welcome Mike Jansta as Chief Operating Officer,” said Xome in a statement. “He comes to Xome with nearly two decades of real estate industry experience with a proven history of innovation and brand expansion—not to mention being an expert at leveraging technology to facilitate online property auctions. Mike is the perfect candidate for this new role as Xome focuses on continuing to expand its market share and brand awareness.” Mike joins Xome from Altisource, where he served in various leadership roles over the past three years, including as General Manager of Hubzu and Chief Marketing Officer of Altisource. Additionally, Mike spent the majority of his career with Auction.com, holding various leadership roles, including Chief Marketing Officer, over a 14-plus year career …