Ten years after the financial crisis, the residential mortgage servicing industry could be on “the edge of glory,” according to a new report from S&P Global Ratings. “With the regulatory heat they’ve received in the past decade, servicers are working to ensure they’re compliant with all relevant servicing regulations,” said the S&P analysts. “Even if some deficiencies occur, as might happen when servicing thousands or millions of accounts, quickly correcting them and preventing recurrence is key because reputational damage alone can be quite substantial and long-lasting.” In recent years, mortgage servicers have been slapped with fines totaling tens of millions of dollars, and face an increasingly tougher regulatory and supervisory regime. “A positive outcome of the settlements and new regulations ...