Mortgage Servicing

Black Knight: Active Foreclosures Fell To Lowest Rate In Nine Years

Patrick Barnard
Written by Patrick Barnard on October 26, 2016

The U.S. mortgage delinquency rate stood at 4.27% in September – an increase of 0.74% compared with August but a decrease of 12.24% compared with September 2015, according to Black Knight Financial Services’ “First Look” mortgage report. September’s less-than-1% seasonal [Read More]

Equator Launches Web-Based Foreclosure And Bankruptcy Workflow Solution

Posted by Patrick Barnard on October 26, 2016

Default software solutions provider Equator has launched a new, Web-based foreclosure and bankruptcy workflow solution designed specifically for mid-market customers. Developed in coordination with two top mortgage servicers and a half-dozen leading law firms, the solution enables configurable workflows and [Read More]

Black Knight Financial Services Introduces Motivity Anywhere App

Posted by Lauren Tyler on October 25, 2016

Black Knight Financial Services Inc. says that it has launched a new mobile app that enables mortgage lenders to instantly access critical business intelligence on Apple and Android devices. According to Black Knight, the Motivity Anywhere app leverages its LoanSphere [Read More]

DocuSign Expands ‘Lead To Close’ Strategy With eMortgage

Posted by Amanda Fava on October 25, 2016

E-signature and digital transaction management provider DocuSign has announced a series of expanded features that the company asserts will allow lenders and title companies to complete a mortgage 100% digitally. According to DocuSign, the new service, dubbed eMortgage, will enable [Read More]

Exceleras Introduces Software Platform For REO Offering

Posted by Lauren Tyler on October 24, 2016

Exceleras, a provider of Web-based automated tools to manage and value real estate owned properties, has announced that DispoSolutions is now a core element of a new services and technology offering for nonprofit community organizations through a partnership with M2 Asset [Read More]

Altisource Origination Services Rebrands As Trelix

Posted by Lauren Tyler on October 24, 2016

Altisource Portfolio Solutions SA, a provider of real estate, mortgage and technology services, says it is rebranding Altisource Origination Services to now be known as Trelix. According to Altisource, the Trelix brand represents a new opportunity to help lenders mitigate [Read More]

Mortgage Peer Network, OpenClose To Enhance Lender Operations

Posted by Lauren Tyler on October 24, 2016

Mortgage Peer Network, sister company to Precision Risk Management Systems, a provider of mortgage business intelligence and pipeline risk management solutions, has joined forces with OpenClose, a multi-channel loan origination system (LOS) provider, to help lenders generate new business and [Read More]

Equifax Forges Alliance With FormFree For Asset Validation

Posted by Lauren Tyler on October 24, 2016

Atlanta-based Equifax Inc., a global information solutions provider, has joined forces with FormFree, an automated asset verifications solution provider, to establish a new standard for verifications services, improving loan decisioning time in support of lenders and consumers. Specifically, the companies [Read More]

S&P-Experian: Default Rate On First Mortgages Fell Again In September

Posted by Patrick Barnard on October 19, 2016

The default rate for first mortgages continued to fall in September, reaching a new recent low of 0.67%, down from 0.68% in August and down from 0.76% in September 2015, according to the S&P/Experian Consumer Credit Default Indices. Meanwhile, the [Read More]

Survey Shows HELOC Reset Storm Could Be Approaching

Posted by Patrick Barnard on October 19, 2016

Will the resetting of millions of home equity lines of credit (HELOCs) over the next couple of years result in a wave of defaults? That’s a question many people in the mortgage industry have been wondering for the past several [Read More]

Mortgage Contracting Services Acquires Lenders Title Solutions

Posted by Patrick Barnard on October 18, 2016

Mortgage Contracting Services (MCS) is becoming an even more complete mortgage services company now that it has acquired Clearwater, Fla.-based Lenders Title Solutions, a national provider of title insurance and settlement services. MCS, which has been growing through acquisition as [Read More]

Specialized Loan Servicing Facing Class Action Lawsuit

Posted by Patrick Barnard on October 17, 2016

A class action lawsuit filed on Oct. 7 alleges that mortgage servicer Specialized Loan Servicing (SLS) improperly processed loan modification applications for customers in California that often led to overpayments on the loans and unjust foreclosures of the borrowers’ homes. [Read More]

Foreclosure Timelines Accelerating As Inventory Shrinks

Posted by Patrick Barnard on October 17, 2016

Two recent reports show that foreclosure timelines are accelerating as the foreclosure inventory shrinks to pre-crisis levels. However, certain states, including New Jersey, New York and Florida, still have high percentages of homes in foreclosure. According to the most recent [Read More]

Foreclosure Activity In September Reached Lowest Level Since December 2005

Posted by Patrick Barnard on October 14, 2016

“Foreclosure activity has been on a steady slide downward over the past six years, finally dropping back below pre-crisis levels in September,” says Daren Blomquist.

Fannie Mae Auctioning More Mortgage Loans

Posted by Patrick Barnard on October 13, 2016

Fannie Mae is auctioning five pools of nonperforming loans (NPLs) and has also begun marketing its first sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. The five pools [Read More]

ABA: Delinquency Rate For Home Equity Loans Improved In Q2

Posted by Patrick Barnard on October 10, 2016

The delinquency rate for home equity loans (30 days or more past due) was about 2.70% in the second quarter – a decrease of four basis points from 2.74% in the first quarter, according to the American Bankers Association’s (ABA) Consumer [Read More]

Freddie Mac Auctions Four More Pools Of NPLs

Posted by Patrick Barnard on October 10, 2016

Pretium Mortgage Credit Partners, Upland Mortgage Acquisition Co. and Rushmore Loan Management Services are the winning bidders on four pools of nonperforming loans recently auctioned by Freddie Mac.

Christopher Santora Joins SouthLaw As An Associate Attorney

Posted by Patrick Barnard on October 06, 2016

Christopher Santora has joined SouthLaw PC, a law firm focusing on the protection of creditors’ rights in Missouri, Kansas, Nebraska and Iowa, as an associate attorney in the litigation department located in the Omaha, Neb., office. Santora has successfully litigated [Read More]

Black Knight: Borrowers Drawing Out More Equity, But Nothing Like 2005

Posted by Patrick Barnard on October 03, 2016

Borrowers are drawing more equity out of their homes as home prices rise and mortgage interest rates fall; however, they are not doing so at the same rate seen in the pre-crisis years. According to Black Knight Financial Services’ Mortgage [Read More]

CoreLogic’s IntelliMods Now Integrated With Fiserv’s LoanServ

Posted by Patrick Barnard on October 03, 2016

CoreLogic has integrated its IntelliMods loan modification decisioning tool with Fiserv’s LoanServ mortgage servicing platform. IntelliMods, which features e-signature capabilities and is already integrated with Fannie Mae’s Servicing Management Default Underwriter, compliantly automates the loan modification process. The Web-based decisioning [Read More]