We’re excited to announce that Shara Chang has joined Peach as our General Counsel & Chief Compliance Officer. Shara’s addition will enable us to build and scale our lending and servicing systems with compliance considerations at the forefront. Because one of our main value-adds for lenders is mitigating compliance risk, our own investment in legal and compliance personnel is critically important.
The recent COVID-19 outbreak has transformed call centers into potential transmission zones, creating health risks for workers. Regardless of whether states allow call centers to remain open, we believe all lenders need to be able to quickly shift servicing operations to remote work to protect the health and safety of their employees—and to ensure business continuity.
The COVID-19 public health crisis has created unprecedented challenges for borrowers and lenders alike. This post focuses on how lenders can leverage Peach’s solution to help borrowers in times of emergency and financial hardship. Peach’s solution gives lenders various ways to handle hardships and loan modifications