Housing Wire

JANUARY 23, 2024

Financial services firm Consolidated Analytics acquired Real Info, Inc. — Consolidated Analytics expects the acquisition will result in a broader client base, strengthening the firm’s market presence and accelerating innovation in valuation services. a provider of property data and valuation technology solutions.

Due diligence 425

Due diligence Residential Real-estate owned Lending 425

Housing Wire

MARCH 18, 2024

PennyMac Financial Services has paid $158.4 million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. An arbitrator issued the final award on Jan. 12, reducing Black Knight’s monetary damages from $155.2

Technology 363

Technology Commercial Development Loans 363

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Soon, the full servicing version of the Blue Sage Digital Servicing Platform will boast additional functionalities such as investor reporting or default management.

Lending 381

Lending Loans Technology Investor 381

Housing Wire

FEBRUARY 14, 2024

According to those analysts, lenders may have sold their mortgage servicing rights (MSRs) throughout 2023 to increase short-term liquidity, putting them at a disadvantage when refis pick up. Why should lenders retain servicing? Maintaining MSRs generates servicing fee income and helps servicers improve the customer experience.

Investor 336

Investor Loans Mortgages Principal 336

Housing Wire

OCTOBER 26, 2023

The servicing segment drove most of Pennymac Financial Services ’s earnings in the third quarter of 2023, just like its peers, Mr. Cooper and Rithm Capital. In servicing, Pennymac delivered a pretax income of $101.2 Pennymac’s servicing portfolio grew to $589.4 of the loan servicing market, 3.1% As of Sept.

Fixed-rate mortgage 392

Fixed-rate mortgage Principal Banks Loans 392

Housing Wire

JUNE 28, 2023

The real estate listing giant announced on Monday that it is sunsetting its title and escrow provider, Zillow Closing Services. Zillow Closing Services had been operational in an undisclosed number of markets nationwide, with the Zillow “ enhanced markets ” of Raleigh, Denver, Atlanta, Phoenix, Durham and Charlotte as its primary markets.

Closing 426

Closing Title Equity As-is 426

Housing Wire

FEBRUARY 12, 2024

As the mortgage industry grapples with a changing market and regulatory complexities, we sat down with Amanda Phillips, Executive Vice President of Compliance at ACES Quality Management , to discuss how lenders can foster long-term success through a robust servicing QC process.

Mortgages 379

Mortgages Loans Lending Technology 379

Housing Wire

FEBRUARY 1, 2024

Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard , to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. SW: Where do you start to transform servicing? What do you see there?

Technology 371

Technology Industrial Banks Agents 371

Housing Wire

JANUARY 30, 2024

Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A These included incidents of social engineering (e.g.,

Title 400

Title Industrial As-is Finance 400

Housing Wire

FEBRUARY 22, 2024

Growing and changing is vital to expand your services and business growth so that you can tailor services in REO. Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times.

Due diligence 371

Due diligence Marketing Mortgages New Construction 371

Housing Wire

MARCH 4, 2024

Three Bayview Asset Management -owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. The objection, filed on Feb. The objection, filed on Feb.

Mortgages 374

Mortgages Loans Development Technology 374

Housing Wire

NOVEMBER 1, 2023

Appraisal technology company Accurate Group announced this week that it has acquired Voxtur Appraisal Services , an appraisal management company (AMC). We are excited to welcome Voxtur Appraisal Services’ seasoned team of professionals and Voxtur clients,” said Paul Doman , president and CEO of Accurate Group.

Lending 401

Lending Technology Branding Finance 401

Housing Wire

FEBRUARY 28, 2024

Court of Appeals for the Eleventh Circuit , supporting plaintiffs that allege unlawful fees imposed by Ocwen Loan Servicing , a division of Ocwen Financial Corp. Court of Appeals for the Eleventh Circuit to help ensure people can hold covered mortgage servicers and other debt collectors responsible when they charge prohibited fees.”

Loans 364

Loans Mortgages 364

Housing Wire

DECEMBER 12, 2023

Cenlar FSB , the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a new program designed to enhance regulatory and operational processes and compliance.

Technology 369

Technology Design Mortgages Development 369

Housing Wire

FEBRUARY 1, 2023

Black Knight Servicing Digital is a powerful, white-labeled solution that allows servicers to provide consumers with information about their home value and how to grow and leverage wealth from their property. Consumers can make payments directly through the Servicing Digital app, which streamlines the payment process for them.

Equity 361

Equity Lending Loans Design 361

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. In 2023, The Agency ranked as the No.

Brokerage 350

Brokerage Finance Lending Mortgages 350

Housing Wire

OCTOBER 7, 2023

United Wholesale Mortgage , the country’s top mortgage lender, announced an enhancement to its PA+ service on Saturday, allowing brokers and their processors to choose which part of the loan process they would like a lender’s loan coordinator to handle.

Loans 429

Loans Mortgages Closing Agents 429

Housing Wire

FEBRUARY 12, 2024

This year looks to be big for regulatory change , particularly for servicers, with potential changes coming for the VA servicing program, the CFPB’s Regulation X and the FHA’s partial claim process, among others.

Technology 330

Technology Mortgages Development Industrial 330

Housing Wire

FEBRUARY 1, 2023

Servicing is a complex process, and many servicers still rely on a patched-together system of solutions to complete their work, resulting in friction and disconnected teams. With risk and compliance on the line, servicers can’t afford to keep holding onto systems and processes that work less than ideally.

Loans 335

Loans Technology 335

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Terms of the deal were not announced.

Lending 341

Lending Title Technology Staging 341

Housing Wire

JANUARY 10, 2023

Wells Fargo , the largest depository mortgage lender in America, announced Tuesday that it will officially exit the correspondent channel and also reduce its servicing portfolio, the country’s largest. . The reduced role of Wells Fargo in servicing should make it easier for others to grow GSE servicing.

Closing 481

Closing Lending Banks Equity 481

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. ” Prior to this role, McGrew was the chief operating officer and senior vice president of sales at Pavaso , a full-service eClosing platform. . He also spent six years as the president of IT Services , a U.S.-based

Sales 375

Sales Mortgages Technology Lending 375

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better’s mortgage as a service currently consists roughly 20% of its revenue and the lender aims to grow this business line, Garg said.

Mortgages 367

Mortgages Finance Technology Loans 367

Housing Wire

OCTOBER 12, 2022

Black Knight announced the integration of its digital servicing platform and its Surefire CRM, which it says will enhance customer engagement and retention. Servicing Digital , offered as an app or responsive web design, allows customers to easily access their loan- and home-related information, as well as perform self-service capabilities.

Loans 425

Loans Mortgages Design Closing 425

Housing Wire

FEBRUARY 14, 2023

Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase. Higher rates mean lower refi volumes, and that should be good for servicers.

Loans 345

Loans Investor Mortgages Principal 345

Housing Wire

JUNE 15, 2023

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra.

Mortgages 341

Mortgages Loans As-is 341

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.

Equity 328

Equity Mortgages Banks Commercial 328

Housing Wire

JULY 31, 2023

Department of Housing and Urban Development (HUD) on Monday published a newly-proposed rule in the Federal Register that would allow mortgage servicers to use telephonic or other electronic means to communicate with a distressed borrower, in a way that is most likely to yield a response. “[T]his

Mortgages 322

Mortgages Lending Technology Development 322

Inman

APRIL 15, 2024

Global real estate network Leading Real Companies of the World (LeadingRE) has added photography services provider AJ Canaria Creative Services to its Solutions Group, a family of industry vendors it champions to its 550 members.

Industrial 180

Industrial Marketing 180

Housing Wire

JANUARY 31, 2021

The COVID-19 pandemic continues to impact the mortgage industry, and servicers are dealing with an increased call volume as borrowers transition in and out of forbearance and make decisions regarding the future of their homes. The post Loan servicing solutions appeared first on HousingWire.

Loans 379

Loans Technology Mortgages Industrial 379

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We We service their loans. But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. of the U.S.

Loans 360

Loans Pre-approval Mortgages Principal 360

Housing Wire

FEBRUARY 1, 2023

My answer would be your mortgage servicer. The February magazine has long focused on the servicer and borrower relationship. After following the state of servicing at the start of each year since the magazine first launched, I’m excited for you to see what makes this year unique.

Loan Officer 324

Loan Officer Title Loans Mortgages 324

Housing Wire

MARCH 21, 2022

During the Great Recession, “zombie foreclosures” were a thorn in the side of servicers. In August 2021, the Consumer Financial Protection Bureau (CFPB) stipulated in its servicing guidelines that it was “fair game” for servicers to foreclosure a vacant property because it was better for the local community’s safety.

Inspection 350

Inspection Title Residential As-is 350

Housing Wire

MARCH 14, 2022

The Consumer Financial Protection Bureau today said that they are closely monitoring how servicers conduct themselves to help borrowers avoid foreclosures. In the blog post published on Monday, the bureau listed out expectations of servicers, one of which is strongly encouraging servicers to participate in HAF programs.

Closing 406

Closing Mortgages Loans Industrial 406

Housing Wire

JUNE 16, 2023

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Since the pandemic began in March 2020, mortgage servicers provided payment relief to nearly 8 million borrowers via forbearance.

Loans 355

Loans Mortgages Development 355

Housing Wire

APRIL 1, 2021

The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. The CFPB will closely monitor how servicers engage with borrowers, respond to borrower requests and process applications for loss mitigation.

Mortgages 446

Mortgages Loans Closing As-is 446

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

Mortgages 469

Mortgages Loans Principal Development 469