Case Study: a leading non-bank avoids millions in potential penalties with Epiq AACER notification services

Client avoids millions of dollars in potential penalties with AACER notification services

A leading non-bank mortgage servicer sought to test its internal bankruptcy detection processes, believing it had completely mitigated the risk of missing its borrowers’ bankruptcy filings and the associated regulatory penalties. To challenge its operations, the company partnered with Epiq to utilize its AACER notification services.

Epiq deployed its AACER service to identify bankruptcy filings across the servicer's entire loan portfolio. The solution uncovered over 400 previously undetected bankruptcies, revealing a vulnerability to millions of dollars in potential fines and losses. As a result, the servicer quickly moved to integrate Epiq's AACER services into its daily operations to close all compliance gaps.