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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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Black Knight: 4% Of Active Mortgages Are ‘Reperforming’

Posted by Patrick Barnard on March 30, 2017

The number of mortgages classified as “reperforming” – meaning they are currently performing but were previously, at one point or another, more than 120 days delinquent and/or in some stage of foreclosure – has grown to nearly 2 million loans [Read More]

Docutech Launches New E-Sign Platform Designed For Digital Mortgage

Posted by Patrick Barnard on March 30, 2017

Stearns Lending and New Penn Financial have gone live with Solex, a new e-signature solution from Docutech that provides borrowers with an intuitive, easy-to-use e-sign experience while giving lenders an auditable platform with the industry’s most trusted e-vault. With Solex, [Read More]

United Wholesale Mortgage Rolls Out New Mortgage Portal

Posted by Patrick Barnard on March 30, 2017

Mortgage lenders everywhere are deploying online portals where consumers can submit paperless applications and, with the advent of automated income and asset verification and automated underwriting, get pre-approved for a mortgage loan in just minutes. This push to automate the [Read More]

Optimal Blue Launches New API Initiative And BI Tool

Posted by Patrick Barnard on March 30, 2017

Optimal Blue has rolled out a new application programming interface (API) initiative that will enable an ecosystem of third-party developers serving Optimal Blue customers. “Our goal is to support integration through contemporary and best-in-class API technology with any third-party or [Read More]

VASCO Data Security Launches New Digital Mortgage Solution, eSignLive

Posted by Patrick Barnard on March 29, 2017

The Consumer Financial Protection Bureau’s recent implementation of the TILA-RESPA Integrated Disclosure (TRID) rule, along with tightening regulatory controls, has resulted in widespread demand for technology that helps ensure compliance across the mortgage lifecycle. Consumers, banks, lenders and others in [Read More]

Supreme Lending Opens Two New Branches In Tulsa, Okla., Area

Posted by Patrick Barnard on March 29, 2017

Supreme Lending, a nationwide mortgage lender, has expanded its footprint in “Green Country,” Okla., with two new branches, one in Tulsa and the other in Pryor. Industry veteran Patrick Chicklinski has been selected to manage both branches. Chicklinski, who has [Read More]

Pending Home Sales Jumped 5.5% In February

Posted by Patrick Barnard on March 29, 2017

Pending home sales jumped 5.5% in February to reach the highest level in nearly a year and the second-highest level in over a decade, according to the National Association of Realtors (NAR). The jump resulted in a score of 112.3 on [Read More]

Pavaso’s Digital Close Now Integrated With MRG’s Doc Prep Service

Posted by Patrick Barnard on March 29, 2017

Pavaso Inc.‘s Digital Close solution, which allows all parties in a mortgage transaction to communicate and work in one central location, is now integrated with Mortgage Resources Group‘s (MRG) document preparation service. MRG is an attorney-owned document preparation provider offering [Read More]

OCC: Mortgage Performance Continued To Improve In Q4

Posted by Patrick Barnard on March 29, 2017

The overall performance of first-lien mortgages continued to improve in the fourth quarter, according to the Office of the Comptroller of the Currency (OCC). About 94.7% of mortgages were current and performing as of the end of the quarter, according [Read More]

Quicken Loans’ Small Victory Might Not Be That Small

Posted by Nora Caley on March 29, 2017

The industry is watching as the lender fights back against the U.S. Department of Justice.

Mortgage Applications Fell 0.8% Despite Dip In Rates

Posted by Patrick Barnard on March 29, 2017

Mortgage application volume fell 0.8% on an adjusted basis during the week ended March 24, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances decreased 3% despite a dip in rates, while applications for purchases [Read More]

New Jersey Community Capital Buys Pool Of NPLs From Fannie Mae

Posted by Patrick Barnard on March 28, 2017

New Jersey Community Capital, a nonprofit community development financial institution, is the winning bidder on a pool of nonperforming mortgage loans (NPLs) with an unpaid principal balance (UPB) of approximately $26 million recently auctioned by Fannie Mae. The Community Impact [Read More]

First Community Mortgage Hires Christy Long Hoskins As SVP Of Strategy And CMO

Posted by Patrick Barnard on March 28, 2017

Christy Long Hoskins has joined Murfreesboro, Tenn.-based First Community Mortgage (FCM) as senior vice president of strategy and chief marketing officer. Hoskins is currently Middle Tennessee Director for the Tennessee Mortgage Bankers Association and is a former president of the [Read More]

Guild Mortgage Launches All-Digital Mortgage Platform

Posted by Patrick Barnard on March 28, 2017

San Diego-based Guild Mortgage is getting a leg-up on its competition with the launch of MyMortgage, a digital mortgage portal built on Roostify’s secure, cloud-based technology platform. The launch means borrowers using Guild Mortgage can now quickly and easily complete [Read More]

Home Prices Increased Again In January; Rising Rates Yet To Slow Appreciation

Posted by Patrick Barnard on March 28, 2017

Home prices keep increasing, but at some point, rising interest rates will impact affordability and cause a leveling off.

Mortgage Servicer Ocwen Turns A Page With NYDFS

Posted by Patrick Barnard on March 28, 2017

Mortgage servicer Ocwen Financial Corp. reports that it has entered into an agreement with the New York State Department of Financial Services (NYDFS) that paves the way for the firm to start buying and trading mortgage servicing rights (MSRs) in [Read More]

S&P/Experian: Rising Interest Rates Not Causing Any Adverse Effects – Yet

Posted by Patrick Barnard on March 27, 2017

The default rate for first mortgages crept up slightly to 0.74% in February, rising from 0.72% in January, according to the S&P/Experian Consumer Credit Default Indices. Still, the default rate for first mortgages was down from 0.84% in February 2016. [Read More]

Fintech Cloudvirga Raises $15 Million To Further Mortgage Automation Innovation

Posted by Patrick Barnard on March 27, 2017

Mortgage automation software firm Cloudvirga reports that it has raised $15 million in Series B funding that it will use to scale its technology and expand its product offerings. Incenter, a Blackstone Group portfolio company, led the funding round. Cloudvirga’s [Read More]

Sanjeev Dahiwadkar: Trump’s ‘Two For One’ Order Creates Regulatory Murkiness

Written by Patrick Barnard on March 27, 2017

PERSON OF THE WEEK: The Trump administration’s executive order requiring federal regulatory bodies to eliminate two existing regulations for every new one they enact is just one of many actions that have created regulatory uncertainty for mortgage lenders and servicers. [Read More]

Mercury Network Acquires Appraisal Scope

Posted by Patrick Barnard on March 27, 2017

Mercury Network, a provider of valuation technology to mortgage lenders and appraisal management companies (AMCs), has acquired Appraisal Scope Inc., a provider of valuation management software, for an undisclosed sum. Based in Baltimore, Appraisal Scope is a provider of valuation [Read More]