Mortgage Servicing

Potestivo Hires Two New Attorneys

Posted by Patrick Barnard on July 27, 2017

Kimberly S. Morr recently joined Potestivo & Associates PC, as an associate attorney in the law firm’s St. Louis, Mo., office. In addition, Jeremy L. Marks has joined the firm as supervising bankruptcy attorney. He will work out of the [Read More]

DIMONT Announces Two New Hires, Two Promotions, As It Focuses On Client Development

Posted by Patrick Barnard on July 27, 2017

Holly Baya and Anthony Di Staulo have joined DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the mortgage industry, as directors of client development. In addition, Dwight Kline has been promoted to director of client [Read More]

Cade Holleman Joins U.S. REO Partners As Executive Director

Posted by Patrick Barnard on July 26, 2017

Cade Holleman, formerly of American Legal & Financial Network (ALFN), has joined U.S. REO Partners Inc., a national trade association representing real estate-owned (REO) brokers, mortgage servicers, default services law firms, as well as other ancillary service providers in the [Read More]

Safeguard Promotes Two On Its Technology Management Team

Posted by Patrick Barnard on July 26, 2017

Mortgage field services company Safeguard Properties recently promoted two executives on its technology management team. Steve Machovina has been promoted to assistant vice president of technology infrastructure and cloud services. Machovina joined Safeguard in November 2013 as director of information [Read More]

Mortgage Servicer Ocwen Inks Major MSR Deal With New Residential

Posted by Patrick Barnard on July 25, 2017

“This is a great transaction for both companies, and we are extremely pleased to announce our new strategic partnership.”

Black Knight: Low Interest Rates Continue To Push Prepayments Higher

Posted by Patrick Barnard on July 24, 2017

Low interest rates continued to push prepayments higher in June, according to Black Knight Financial Service’s “First Look” report. The prepayment rate in June was 1.12%, an increase of 5.3% compared with May, according to the report. It was the [Read More]

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]