Wolters Kluwer Financial Services announced today that it has added Chris Zimmerman to its Consulting Practice as a senior compliance consultant focused on default servicing. Zimmerman has more than a decade of experience helping some of the United States’ largest lenders and servicers manage their default servicing areas, including senior leadership roles with BankUnited and Aurora Loan Services.
In his new position, Zimmerman will consult with clients in numerous areas of default servicing. These include foreclosure timeline management; contested and litigated case resolution; bankruptcy processing and timeline management; REO processing; FHA/VA/GSE servicing requirements; training; policy and procedure development; legislative and regulatory changes; and vendor management and oversight.
Zimmerman was most recently vice president of BankUnited’s Foreclosure and Bankruptcy department and before that, assistant vice president of Aurora Loan Services’ Foreclosure and Contested Default departments. In these roles, Zimmerman helped these financial institutions implement default servicing and loss mitigation policies, procedures and controls that ensured compliance with state and federal regulatory requirements; government-sponsored loan modification and refinance programs; and investor and mortgage insurance company guidelines. He also helped these institutions develop, implement and execute upon risk and control self-assessments and key risk indicators.
“Consumer default management continues to be an area of growing focus by regulators at all levels,” said Timothy Burniston, vice president and senior director for Wolters Kluwer Financial Services’ U.S. Consulting Practice. “The addition of an expert like Chris to our team can help our customers ensure they continue to meet the regulators increasingly-stringent expectations tied to the bankruptcy and foreclosure processes.”