FYI

NewDay Financial Fined $2 Million For Deceptive Mortgage Advertising And Kickbacks

Posted by Patrick Barnard on February 11, 2015

The Consumer Financial Protection Bureau (CFPB) has fined NewDay Financial, a Maryland-based, private, non-bank mortgage lender owned by Chrysalis Holdings, for $2 million for allegedly engaging in deceptive mortgage advertising and kickbacks. The lender, which primarily originates refinance loans guaranteed [Read More]

Appraisal Scope Platform Utilizes Platinum Data’s RealView

Posted by Patrick Barnard on December 22, 2014

Appraisal Scope, an appraisal tracking and management software provider, and Platinum Data Solutions, a provider of collateral valuation technology solutions, have recently integrated their flagship technologies. This integration will allow Appraisal Scope users to access RealView, Platinum Data's appraisal quality [Read More]

Paul Weech Named President And CEO Of NeighborWorks

Posted by Patrick Barnard on December 22, 2014

Paul Weech has been appointed president and CEO of NeighborWorks, a trainer of community development and affordable housing professionals, by the organization's board of directors. Previously, Weech served as the executive vice president for policy and external affairs at Housing [Read More]

NetDirector Deploys Auction.com Integration

Posted by Patrick Barnard on December 22, 2014

NetDirector, a provider of cloud-based data and document exchange services for the mortgage servicing industry, recently launched the Auction.com interface. The company's developers and its client Wilson & Associates successfully integrated the new service and have begun submitting eligible properties [Read More]

Visionet Hires Norman Gottschalk As CTO For BPO Team

Posted by Patrick Barnard on December 16, 2014

Norman Gottschalk has joined Visionet Systems Inc. as chief technology officer (CTO) for the company's business process outsourcing (BPO) division. Gottschalk has 25 years of experience in the mortgage industry, having previously held senior IT management positions at various lending [Read More]

MCS Announces Personnel Changes Following Acquisition Of CoreLogic Units

Posted by Patrick Barnard on December 16, 2014

In a round of personnel changes resulting from its recent acquisition of the collateral solutions and field services divisions of CoreLogic, Mortgage Contracting Services (MCS) has announced that Kimberly Drake-Loy, formerly with CoreLogic, has been named general counsel and chief [Read More]

Wang And Partch Join Cantor In Whole Loan Sales And Trading

Posted by Patrick Barnard on December 15, 2014

Gary Wang and Karl Partch have joined global financial firm Cantor Fitzgerald as managing directors, effectively expanding the company's whole loan sales and trading team. In their new positions, Wang and Partch will develop Cantor's whole loan trading platform and [Read More]

Quint To Retire And Hall To Be Appointed Radian CFO

Posted by Patrick Barnard on December 15, 2014

Executive vice president (EVP) and chief financial officer (CFO) C. Robert Quint will retire from Radian Group Inc. at the end of 2014, after nearly 25 years with the company. Effective Jan. 1, 2015, J. Franklin Hall will assume the [Read More]

Fannie and Freddie Announce Holiday Eviction Moratorium

Posted by Patrick Barnard on December 15, 2014

Government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae have suspended evictions on all occupied, foreclosed single-family properties through Jan. 2, 2015. This holiday season suspension also applies to two- to four-unit properties with GSE-owned or -guaranteed mortgages. During this time, [Read More]

MCS Valuations Builds Up Management Team

Posted by Patrick Barnard on December 15, 2014

MCS Valuations LLC (MCSV), a nationwide provider of appraisals, broker price opinions and other valuation-related review products to the financial services industry, has expanded its management team to support the company's emphasis on quality assurance and compliance. Katie Parkey, currently [Read More]

Pacific Union Financial Selects OpenClose’s LOS

Posted by Patrick Barnard on December 12, 2014

Irving, Texas-based Pacific Union Financial, a full-service mortgage company with operations and sales centers located across the country, is now using OpenClose's multi-channel, browser-based loan origination system (LOS), LenderAssist, to automate its wholesale lending functions from start to finish. In [Read More]

Platinum Home Mortgage Hires Lynnette Gilbert As Regional Manager

Posted by Patrick Barnard on December 12, 2014

Lynnette Gilbert recently joined nationwide residential mortgage lender Platinum Home Mortgage Corp. as a regional manager in charge of building new sales and operations teams in the Utah and Nevada markets. Gilbert has been a leader in the Utah mortgage [Read More]

Capsilon Adds Cenlar FSB, Deutsche Bank And PennyMac To DocVelocity

Posted by Patrick Barnard on December 10, 2014

In response to customer demand, Capsilon, a provider of comprehensive cloud-based document and data management solutions for mortgage lenders and investors, has added Cenlar FSB, Deutsche Bank and PennyMac to its DocVelocity network delivery solution. The system ensures accurate delivery [Read More]

RoundPoint Connects Disgruntled Borrowers Directly To Its Consumer Ombudsman

Posted by Patrick Barnard on December 10, 2014

RoundPoint Mortgage Servicing Corp. has upgraded its customer service by giving borrowers the ability to escalate disputes directly to its in-house Consumer Ombudsman. The company has a self-policing program in place so as to better adhere to mortgage servicing regulations. [Read More]

New Enhancements For ISGN’s Default Servicing Platform

Posted by Patrick Barnard on December 10, 2014

Mortgage technology provider ISGN has enhanced its Web-based, end-to-end default management platform, Tempo, by adding new features that help servicers, attorneys and vendors manage and track the default lifecycle from the beginning of retention review all the way through to [Read More]

HomeStreet Bank Using TeleVoice’s Screen Pop Technology

Posted by Patrick Barnard on December 10, 2014

In an effort to improve customer service, Seattle-based HomeStreet Bank is now using TeleVoice's screen pop technology in its mortgage servicing department. The customized solution integrates with HomeStreet Bank's existing IVR system and Black Knight's MSP data platform. Inbound callers [Read More]

DST Taps Doring Lloyd To Head Business Development

Posted by Patrick Barnard on December 09, 2014

Doring Lloyd recently joined Default Servicing Technologies LLC, creator of the DispoSolutions REO management platform and the ValuationSolutions enterprise collateral valuation management technology, as vice president of business development. Lloyd has been a sales executive in the financial services industry [Read More]

Sherwood Named President And Farrell CFO For National MI

Posted by Patrick Barnard on December 09, 2014

Effective Jan. 1, 2015, Jay Sherwood will be promoted to president of NMI Holdings Inc. and its subsidiary company National Mortgage Insurance Corp. (National MI), and Glenn Farrell will be named the new chief financial officer (CFO). Sherwood has over [Read More]

Caliber Home Loans Expands Fresh Start Program

Posted by Patrick Barnard on December 08, 2014

Caliber Home Loans Inc., a full-service national mortgage lender and agency direct seller/servicer, has expanded its Fresh Start Program to allow more eligible and qualified borrowers to realize their goal of homeownership. Caliber's Fresh Start Program is a specialized mortgage [Read More]

Patricia Hamilton Joins The StoneHill Group As Business Development Manager

Posted by Patrick Barnard on December 08, 2014

Patricia Hamilton, a mortgage industry and sales veteran of more than 30 years, has been appointed business development manager for The StoneHill Group, a national provider of quality control, due diligence and mortgage fulfillment solutions for mortgage lenders, banks and [Read More]