CLIMATE RISK TRACK: Weathering the Storm - Actionable Steps to Identify and Reduce Climate Risk
The changing climate is reshaping the mortgage servicing industry, with more frequent extreme weather events leading to increased delinquencies and distressed properties. This session covers adaptation strategies, regulatory and compliance challenges, and the role of technology and data in mitigating risks. We’ll also explore community engagement and social responsibility, providing actionable insights to help servicers navigate the complexities of climate change.
Speakers
Speakers
Linda joined Servbank in 2018 and is currently the EVP of Loan Administration. With over 25 years of experience in the financial sector, she has been instrumental in driving innovative solutions and enhancing operational efficiencies within the Loan Servicing Division. Her leadership and strategic vision have significantly contributed to Servbank's growth and success. Her broad expertise includes lean process management, risk mitigation, regulatory compliance and an ability to navigate complex financial landscapes. Linda has a proven track record of implementing best practices and fostering a culture of excellence among her teams. She is committed to delivering top-level customer service while engaging in a transparent and collaborative experience for Servbank’s esteemed clientele.
Sacha Rosenthal leads the Servicing Portfolio Analytics department for the Single-Family Portfolio and Servicing Division. He is accountable for developing strategies and analytics related to portfolio management, loss mitigation, distressed collateral liquidation, natural disasters and climate change, servicing policy, non-performing loan and re-performing loan transaction support as well as analytics to support Servicer relationship management. He is also responsible for servicing data, business intelligence applications and the Servicer Performance Profile. Since 2001, Mr. Rosenthal’s Freddie Mac experience has encompassed several roles spanning both the Investment and Capital Markets Division and the Single-Family Divisions, including structured transactions, servicing capital markets, relationship management and portfolio management. Mr. Rosenthal holds a BSc in biochemistry from the University of Bristol, UK.