The Consumer Financial Protection Bureau (CFPB) recently released the results of a survey showing that one in four consumers feels “threatened” by debt collectors when they call. Although most of the complaints covered in the survey are tied to efforts [Read More]


LendingQB, a provider of loan origination software, is now integrated with Radian‘s mortgage insurance (MI) platform, as well as ValuAmerica‘s online appraisal ordering service. The integration means lenders using LendingQB can order Radian MI for delegated and non-delegated loans and get real-time [Read More]

Black Knight Financial Services Inc. reports that it has integrated its Lien Alert portfolio monitoring tool with its LoanSphere MSP servicing system. That means servicers using MSP can get automatic notifications about changes in the status of properties in their [Read More]

Jayme Chandler has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the Eastern U.S., as a mortgage loan officer in the company’s Lancaster, Pa., branch office. Chandler, a former Realtor turned lender, has worked in the [Read More]

What a wild ride 2016 was for the mortgage lending industry. First, there was the TILA-RESPA Integrated Disclosures (TRID) rule, which, although it actually took effect in October 2015, saw many lenders still scrambling to deal with its implementation during [Read More]

More than half of the foreclosures that were completed in the fourth quarter were “legacy” files, going back to 2004-2008, a recent report from ATTOM Data Solutions shows. “Foreclosures completed in the fourth quarter had been in the foreclosure process [Read More]

Data Trace Information Services reports that it has opened new geographically indexed, P-12 compliant thick title plants in Texas. The new plants cover Dallas, Denton, Kaufman and Tarrant counties, with additional depth in Collin County. “We continue to expand our [Read More]

Just how much could the use of trended credit data in the underwriting of mortgage loans benefit lenders and consumers? According to a report from credit reporting agency Equifax, approximately 267,000 more mortgage loans could be originated per year. Based [Read More]

The number of completed foreclosures in the U.S. continued to fall in November, according to CoreLogic. The firm’s monthly foreclosure report shows that there were about 26,000 completed foreclosures in November – a decrease of 14.1% compared with about 30,000 [Read More]

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From The Orb

PERSON OF THE WEEK: How do servicers accurately keep track of whether local property taxes are being paid on the assets in their portfolios? Simple: They use one of any number of tax reporting services. However, not all tax reporting [Read More]

BLOG VIEW: In an unexpected decision, the outgoing Obama administration has announced a 0.25% reduction in the Federal Housing Administration’s (FHA) annual mortgage insurance premium (MIP) – enough to save borrowers an average of $500 a year, according to the [Read More]

PERSON OF THE WEEK: For nearly 33 years, Dallas-based Financial Industry Computer Systems Inc. (FICS) has been providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry. This includes Loan Producer, a loan origination system (LOS) that can [Read More]

BLOG VIEW: As we move into the new year, the mortgage industry continues to experience a time of great change and transformation, as new rules and regulations are being updated and introduced on a more frequent basis. Although the upcoming Home [Read More]

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