The risk of defects in applications for mortgages increased 5.8% in January compared with December and increased 3.9% compared with January 2016, according to First American Financial Corp.’s Loan Application Defect Index, which reflects estimated mortgage loan defect rates over time, [Read More]


Craig Austin is now working for ClosingCorp, a provider of residential real estate closing cost data and technology, as senior vice president of sales and business development. Previously, Austin held sales and account management positions at RealEC Technologies/Black Knight Financial [Read More]

ACES Risk Management (ARMCO), a provider of financial quality control (QC) and compliance software, has improved the functionality to its ACES Audit Technology by allowing mortgage servicers to customize and internally standardize their customer questionnaires based on how they interpret [Read More]

Mortgage delinquencies (30 days or more past due but not in foreclosure) were at a rate of about 4.25% in January – a decrease of 3.85% compared with December and a decrease of 16.57% compared with January 2016, according to [Read More]

Parkside Lending, a national wholesale and correspondent lender, is now offering Fannie Mae’s HomeReady Mortgage, an affordable lending option for low- to moderate-income borrowers who otherwise may not qualify for a conventional Fannie Mae loan. The loan underwriting guidelines include [Read More]

Christina Taraborelli has joined Mortgage Network Inc., one of the largest mortgage bankers in the eastern U.S., as a loan officer in the company’s Conshohocken, Pa., branch office. Taraborelli, who is licensed to do business in Pennsylvania and New Jersey, [Read More]

Mortgage servicer BSI Financial Services reports that it is now using an advanced analytics engine to monitor its approximately $10 billion servicing portfolio. Using this in-house-developed, proprietary analytics tool, BSI can identify and resolve issues with loans before they become [Read More]

IncomeGenius, an income calculation and analysis platform from Indecomm Global Services, is now integrated with Encompass, Ellie Mae’s loan origination system. That means lenders using Encompass can perform income analysis using IncomeGenius without having to exit the Encompass platform. IncomeGenius [Read More]

SouthLaw PC, a law firm servicing the mortgage default servicing industry, recently hired two new associate attorneys for its Iowa Foreclosure Department located in the firm’s West Des Moines, Iowa, office. James J. Larson, who joined the firm in January, [Read More]

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From The Orb

MORNING COMMUTE: I was at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo 2017 in Dallas this past week, and, somewhat embarrassingly, I am just now getting caught up. But first, the music this morning was Jethro Tull’s [Read More]

PERSON OF THE WEEK: The fourth quarter is always a busy time of year for real estate tax matters – especially for mortgage servicers because they must be aware of any tax liens or other tax issues that could end [Read More]

BLOG VIEW: In case you haven’t noticed, mortgage software, data and analytics company Black Knight Financial Services has been pumping out news lately, starting with the release of its fourth-quarter and full-year 2016 financial results on Feb. 1. Company revenues [Read More]

BLOG VIEW: We love first-time home buyers. They’re great and wonderful people, and we have done everything possible to encourage their interest in real estate. We have lined up tax breaks they can’t get as renters, explained how property reflects [Read More]

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