“Pam is an exceptional choice for the position,” says David H. Stevens, president and CEO of the Mortgage Bankers Association
Mid America Mortgage reports that it has acquired mortgage servicing rights (MSRs) on a portfolio of government loans with about $2.7 billion in unpaid principal balance. Terms of the deal were not divulged. A company press release does not say [Read More]
Taking a page from the PHH Mortgage regulatory defense playbook, mortgage servicer Ocwen Financial Corp. is seeking to have a complaint from the Consumer Financial Protection Bureau (CFPB) tossed on the grounds that the CFPB’s leadership structure is unconstitutional. Ocwen [Read More]
In a move that will strengthen its capabilities in mortgage BPO services, loan fulfillment and debt servicing, HCL Technologies, a global IT services company, is acquiring Urban Fulfillment Services (UFS), a provider of mortgage business process and fulfillment services, for [Read More]
QuickInsured, an independent insurance agency specializing in the mortgage industry, reports that its homeowners insurance quote service is now available through Ellie Mae’s Encompass all-in-one mortgage management solution. The seamless integration allows lenders to order QuickInsured’s solutions directly through Encompass. [Read More]
Primary Residential Mortgage Inc. (PRMI) reports that it has opened a new brick-and-mortar location in Miami. The new location at The Crossings is under the management of Cary Roque-Valdovinos. The team at the new branch has a combined 35 years [Read More]
Why blockchain technology will be the next big thing for the mortgage industry.
Much like the automotive industry, mortgage lenders and their vendor partners are now in a quest to build a fully “self-driving” mortgage process.
PERSON OF THE WEEK: Although most mortgage lenders use “best of breed” or “out of the box” loan origination systems (LOS) from the top vendors, there are still plenty out there that have developed – and that continue to support [Read More]
As is to be expected with any regulatory change, there has been some confusion and uncertainty surrounding these new rules.