Mortgage Servicing

Foreclosures Spike in D.C., Deep South

Posted by Michael Bates on July 21, 2017

According to ATTOM Data Solutions’ Midyear 2017 U.S. Foreclosure Market Report, there were a total of 428,400 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) in the first six months of 2017, down 20% from the [Read More] Integrates POS Solution with LOS

Posted by Amanda Fava on July 14, 2017, a provider of a secure and compliant cloud-based digital mortgage platform, has partnered with LendingQB to integrate its digital point-of-sale solution into LendingQB’s loan origination system (LOS). The integration provides clients with the ability to extend their LOS [Read More]

CoreLogic: Mortgage Delinquencies Continue to Decline

Posted by Michael Bates on July 12, 2017

The most recent monthly Loan Performance Insights Report from CoreLogic shows that, nationally, 4.8% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in April 2017. This figure represents a 0.5 [Read More]

1 Million JPMorgan Chase Loans Moved to LoanSphere MSP

Posted by Michael Bates on July 12, 2017

Black Knight Financial Services Inc. says it has completed the conversion of more than 1 million home equity and private banking loans onto its LoanSphere MSP servicing system for JPMorgan Chase. JPMorgan Chase also implemented LoanSphere Loan Boarding, a tool [Read More]

Black Knight’s Empower LOS Verified by GSEs

Posted by Amanda Fava on July 07, 2017

Black Knight Financial Services Inc. has announced that its LoanSphere Empower loan origination system (LOS) has been verified by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to generate Uniform Closing Dataset (UCD) files. The company says Empower is a [Read More]

Visionet’s CD2UCD Added to Fannie Mae’s UCD Solution

Posted by Amanda Fava on June 30, 2017

Visionet Systems, a provider of technology solutions and business process outsourcing services, has completed file validation to enable submission of electronic loan data to Fannie Mae’s Uniform Closing Dataset (UCD) collection solution. According to Visionet, its CD2UCD simplifies the delivery [Read More]

Guaranteed Rate Selects AccountChek for Asset Verification

Posted by Amanda Fava on June 28, 2017

Atlanta-based FormFree says retail mortgage lender Guaranteed Rate Inc. has chosen its AccountChek application for automated asset verification. The partnership enables loan officers at Guaranteed Rate to offer clients a faster, safer and more accurate alternative to scanning and uploading [Read More]

WebMax, Optimal Blue Partner on Boosting Loan Origination, Borrower Experience

Posted by Amanda Fava on June 27, 2017

Digital solutions provider WebMax has named Optimal Blue its partner in providing a digital mortgage experience with lender-specific, real-time, compliant pricing, rates and product eligibility through the Optimal Blue API. The company says the integration will allow WebMax to provide [Read More]

KeyStoneB2B Unveils New Fintech Solutions for Mortgage Lenders

Posted by Amanda Fava on June 27, 2017

Fintech solution platform KeyStoneB2B has announced new optimization tools for mortgage lenders to manage transactions with financial services providers and borrowers. The technology is an order management platform that supports lenders in interfacing with a multitude of financial services providers, [Read More]

Lender Price Integrates with Mortgage Fee Data Provider Ernst Publishing

Posted by Amanda Fava on June 27, 2017

California-based data technology developer Lender Price says it has integrated with Ernst Publishing, a provider of mortgage fee data for the real estate and home finance industry. According to Lender Price, the integration allows the company’s pricing engine to return [Read More]

Mortgage Lenders Easing Credit Standards Amid Volume Competition

Posted by Amanda Fava on June 26, 2017

More mortgage lenders say they have eased credit standards recently and expect further easing in the coming months, according to Fannie Mae’s second-quarter 2017 (Q2 2017) Mortgage Lender Sentiment Survey. Overall, the share of lenders reporting they have eased mortgage [Read More]

New Approach To Tax Services Minimizes Servicers’ Risk

Posted by Michael Bates on June 21, 2017

LERETA, a national real estate tax and flood service provider, has launched its Additional Parcel Search Solution – a way to improve the identification of additional parcels at the initiation of tax service, thereby reducing portfolio risk. Identifying additional parcels [Read More]

Mortgage Delinquencies Dropped To A 10-Year Low In March

Posted by Michael Bates on June 14, 2017

CoreLogic’s most recent Loan Performance Insights Report shows that, nationally, 4.4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2017. This represents a 0.8-percentage-point decline in the overall [Read More]

Mortgage Servicer Fay Servicing Penalized By CFPB For Illegal Foreclosure Practices

Posted by Patrick Barnard on June 07, 2017

The Consumer Financial Protection Bureau (CFPB) has ordered mortgage servicer Fay Servicing to pay up to $1.15 million in redress to borrowers for “failing to provide mortgage borrowers with the protections against foreclosure that are required by law.” The bureau [Read More]

DIMONT Promotes Tom Stover To Chief Solutions Officer

Posted by Patrick Barnard on June 06, 2017

Tom Stover has been promoted to chief solutions officer at DIMONT, a provider of specialty insurance and loan administration services to the residential and commercial mortgage industries. Stover has more than 25 years of experience in the financial services industry [Read More]

Maryland Adopts Fast-Track Foreclosure Law

Posted by Patrick Barnard on June 05, 2017

Maryland Gov. Larry Hogan recently signed into law a fast-track foreclosure bill that will expedite the foreclosure process for vacant properties. Last year, the state of Ohio passed a similar measure, with the intent to reduce community blight. “Blight caused [Read More]

SLK Global Launches New Real Estate Tax System For Mortgage Servicers

Posted by Patrick Barnard on May 31, 2017

SLK Global Solutions has launched a new real estate tax solution for the mortgage servicing industry called Real Estate Tax Servicing (RETS). The new offering caters to both commercial and residential portfolios. “Property taxes still pose a significant challenge for [Read More]

Accumatch Hires Lisa Barlag As Tax Examiner Manager

Posted by Patrick Barnard on May 26, 2017

Lisa Barlag has joined Accumatch, a provider of property tax tracking services for non-escrowed loans, tax reporting and payment services for escrowed loans, and redemption services for delinquent portfolios, as tax examiner manager. Barlag has 25 years of relevant tax [Read More]

S&P/Experian: Default Rate For First Mortgages Fell To Four-Month Low In April

Posted by Patrick Barnard on May 25, 2017

The default rate on first mortgages dropped to a four-month low in April, falling to just 0.69% of loans, which is down from 0.75% in March, according to the S&P/Experian Consumer Credit Default Indices. The default rate on second mortgages [Read More]

FHFA, Fannie Mae Cease Selling REOs To Rent-To-Own Companies

Written by Patrick Barnard on May 24, 2017

Apparently, there is a problem with leasing REOs “as is” and shifting responsibility for repairs and maintenance to the renter in certain “rent-to-own” models.