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HUD to double servicer fee on assumable mortgages

Housing Wire

” In an interview with HousingWire during the conference, Todman said that the HUD will soon double the fee servicers can charge for processing, underwriting, and closing a transaction that includes a loan assumption. .” ” There was a “hue and cry,” Todman said. .

Mortgages 368
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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 394
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Mortgage delinquencies edged higher in November: ICE

Housing Wire

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

Mortgages 421
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The Closing Exchange provides a wide variety of signing solutions for lenders looking to deliver eClosings

Housing Wire

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. CXChoice is an integrated SaaS technology and production platform used to assign notaries to each order, based upon criteria set by the client.

Closing 351
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Black Knight’s eClose technology offerings solve many of the common eClosing pain points

Housing Wire

As the world races towards increased digitization, mortgage professionals are striving to keep up with the demand for convenient lending solutions that allow borrowers to navigate the process from the comfort of their own homes. The post-pandemic business landscape is totally different from what we were used to just a few years ago.

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Opinion: The little things mean a lot in mortgage operations

Housing Wire

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages 369
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From reactive to proactive: reshaping QC for today’s mortgage landscape

Housing Wire

The mortgage industry has witnessed its fair share of tribulations and transformations, but its response to those challenges and changes is often a tale of reactiveness. Lenders often rely on their post-closing QC process to identify and rectify loan quality and/or compliance issues. I would never go back. It’s life changing.”

Mortgages 397