An amicus brief is (generally) an appellate brief filed on behalf of an entity or group that is not a party to the appeal, but whose interest will be significantly affected by the court’s decision.

Amicus efforts on behalf of the mortgage industry are an absolute necessity to abate or avoid the potential impact of a negative decision in the mortgage lending or servicing space.

Although it is certainly true that the named servicer or lender has the strongest incentive to aggressively address the potentially troublesome issues in the appeal, having the support of an amicus brief can provide the named party (and the entire mortgage industry) with several often crucial benefits, among which are the following:


Source: Mortgage Daily