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Patrick Barnard
Patrick Barnard is a seasoned journalist with more than 20 years of experience in newspapers, magazines and online media. Prior to becoming editor for MortgageOrb.com, as well as Secondary Marketing Executive and Servicing Management magazines, he worked as a regional editor for AOL's Patch Media, covering daily news in lower Fairfield County, Conn. He also held editor roles with Technology Marketing Corp. and Penton Media. He started his career in journalism as a reporter for The Darien Times, a weekly newspaper servicing Darien, Conn., eventually rising to the rank of editor. He has also done freelance work for a number of publications. He can be reached at pbarnard@zackin.com.
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Docutech Hires Amy Brandt As President And COO

Posted by Patrick Barnard on May 12, 2017

Amy Brandt has joined Docutech, a provider of document and e-sign technology to the mortgage industry, as president and chief operating officer (COO). Brandt has more than 20 years of mortgage and software industry experience. Most recently, she served as [Read More]

Mel Watt: GSE Reform Needs To Happen Soon

Posted by Patrick Barnard on May 11, 2017

Watt, however, seems content to leave the whole thing up to Congress.

Freddie Mac: Mortgage Rates Basically Flat

Posted by Patrick Barnard on May 11, 2017

Mortgage rates held more or less flat during the week ended May 11, with the average rate for a 30-year, fixed-rate mortgage (FRM) at about 4.05%, up slightly from 4.02% the previous week, according to Freddie Mac’s Primary Mortgage Market [Read More]

Foreclosure Starts Fell 6% In April

Posted by Patrick Barnard on May 11, 2017

However, there were certain states where foreclosure starts ticked up compared with a year earlier.

DocMagic, BeSmartee Partner To Make The E-Mortgage A Reality

Posted by Patrick Barnard on May 10, 2017

DocMagic‘s mortgage document management technology is now integrated with BeSmartee‘s mortgage automation platform. Via this integration, DocMagic and BeSmartee are enabling borrowers to complete a loan application and receive disclosures in a matter of minutes, rather than the days or [Read More]

North Carolina Hosts Its First All-Electronic E-Closing

Posted by Patrick Barnard on May 10, 2017

North Carolina made history last week when it hosted its first paperless, all-electronic e-closing in the state. What’s more, it was only the fifth all-electronic e-closing in the U.S. The e-closing – which was made possible by Investors Title Insurance [Read More]

LaNette Holley Joins The Mortgage Collaborative As Director Of Strategic Initiatives

Posted by Patrick Barnard on May 10, 2017

LaNette Holley has joined the Mortgage Collaborative, an independent association of mortgage lenders, as director of strategic initiatives. Holley has more than 25 years of experience in the area of mortgage lending. Prior to joining the Mortgage Collaborative, she served [Read More]

Fannie Mae Looking To Sell More RPLs, NPLs

Posted by Patrick Barnard on May 10, 2017

Government-sponsored enterprise (GSE) Fannie Mae is looking to sell another pool of reperforming loans (RPLs) as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. The pool of approximately 13,700 loans, totaling $3.036 billion [Read More]

Mortgage Cadence Buys License To Offer FirstClose’s Technology

Posted by Patrick Barnard on May 10, 2017

Mortgage Cadence, an Accenture company, recently purchased a licensed copy of FirstClose‘s proprietary software in order to facilitate a “lights-out” integration between the two companies’ platforms, thus enabling Mortgage Cadence to complete faster integrations with large national vendors. FirstClose is [Read More]

MBA: Applications For Conventional Mortgages Reached Highest Level Since 2009

Posted by Patrick Barnard on May 10, 2017

Mortgage application volume increased 2.4% on an adjusted basis during the week ended May 5, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances increased 3%, while applications for purchases increased 2%. On an unadjusted [Read More]

Call It A Comeback: Why Lenders Should Reconsider Using AVMs

Written by Patrick Barnard on May 10, 2017

After falling out of favor with mortgage lenders following the recession, AVMs are now seeing increased use again, mainly because the technology has improved drastically.

Appraisal Management Company Accurate Group Expands Sales Team

Posted by Patrick Barnard on May 09, 2017

Mortgage and settlement services industry veteran Matthew Lichtner has joined Accurate Group, a provider of real estate appraisal, title and compliance services, as senior vice president and national account manager. In addition, Richard L. Heltzel III will move from his [Read More]

ValuAmerica’s Title Services Now Available Via LendingQB

Posted by Patrick Barnard on May 09, 2017

ValuAmerica, a wholly owned subsidiary of Clayton Holdings and national provider of appraisal, title, closing and settlement services, reports that it has enhanced its integration with LendingQB, a provider of loan origination technology, and is now providing title services to [Read More]

CoreLogic: Loan Performance Continued To Improve In February

Posted by Patrick Barnard on May 09, 2017

The mortgage delinquency rate (30 days or more past due) in February fell to 5.0% of all loans – down from 5.5% in February 2016, according to CoreLogic’s Loan Performance Insights Report. As of the end of February, the foreclosure [Read More]

Safeguard Properties Announces Two Management Appointments

Posted by Patrick Barnard on May 09, 2017

Sheilla Lienerth has joined field services company Safeguard Properties as assistant vice president of client relations. In addition, Lisa Nicholas has joined the company as director of finance and accounting. Prior to joining Safeguard, Lienerth held a variety of leadership [Read More]

MORNING COMMUTE: CFPB Seeks Feedback On Mortgage Servicing Rules

Written by Patrick Barnard on May 09, 2017

MORNING COMMUTE: Morning Commute makes its triumphant return after a four-week hiatus. And the music this morning was Allan Holdsworth’s “Road Games,” a fabulous jazz fusion record from 1983 and Holdsworth’s only release on a major label (Warner Brothers). On [Read More]

Tim Ross Becomes CEO Of Ross Mortgage, Tim Pascarella Named President

Posted by Patrick Barnard on May 08, 2017

Tim Ross has transitioned into the role of CEO for Ross Mortgage Corp., a regional, full-service residential mortgage lender headquartered in Troy, Mich. In addition, Tim Pascarella has been promoted to president of the company. Previously, Pascarella was vice president [Read More]

StoneHill Group Hires Bill Wood As Corporate Trainer

Posted by Patrick Barnard on May 08, 2017

William “Bill” Wood, an expert trainer of mortgage origination, underwriting and compliance requirements, has joined The StoneHill Group, a national provider of quality control (QC), due diligence and mortgage fulfillment solutions, as the company’s corporate trainer. Wood has more than [Read More]

Require Holdings Acquires Service 1st Valuation And Settlement Services

Posted by Patrick Barnard on May 08, 2017

Require Holdings recently acquired Service 1st Valuation and Settlement Services Inc., a provider of valuation risk management services, including desk reviews, valuation risk analysis, field reviews and market data. Terms of the deal were not divulged. Service 1st is now [Read More]

Reverse Mortgage Funding Launches New Processing Service

Posted by Patrick Barnard on May 08, 2017

National reverse mortgage lender Reverse Mortgage Funding (RMF) has launched a new processing service that it claims dramatically simplifies and reduces the amount of time mortgage brokers spend on reverse mortgage origination. With this new program, brokers have the option of [Read More]