Thisdecisionpotentiallyincreasesdevelopmentandoperationalcosts, not to mentionoveralltechnicalrisk, in order tostreamlinearelativelystraightforwardadministration effort.
It was born of a merger in 1996 between Royal Insurance and Sun Alliance, but the two soon discovered how hard it is to streamlinea merged insurance company.
Though standardized guidelines will clearly streamlinea process that has overwhelmed many servicers, those who have declined to modify mortgages based on contract language may still face legal liability.