MERS eRegistry Sees Record Volume in 2020 as E-Note Adoption Continues to Grow
Strong origination volume coupled with increased adoption of digital mortgage solutions, including e-notes, due to the pandemic helped drive record registrations on the MERS...
Black Knight: Mortgage Delinquency Rate Continued to Improve in September
The U.S. mortgage delinquency rate (30 days or more past due but not in foreclosure) continued to improve in September, decreasing to 6.66% of...
First American Buying Bob Caruso’s Servicing Shop
First American Financial Corp. is acquiring mortgage subservicing company ServiceMac LLC.
“The acquisition of ServiceMac reflects our steadfast commitment to support the mortgage industry and...
Stewart Acquires Pro-Teck Services
Stewart Appraisals Management Inc., a subsidiary of Stewart Information Services Corp., has acquired Pro-Teck Services, DBA Pro Teck Valuation Intelligence, for an undisclosed sum.
The...
Share of Mortgages in Forbearance Falls Again as Many Pass Six-Month Mark
The share of mortgages in COVID-19-related forbearance plans continued to fall during the week ended October 11, dropping to 5.92% of servicers' portfolio volume,...
Freddie Mac Sells Pool of Non-Performing Loans
VRMTG ACQ LLC, a minority and woman owned business, is the purchaser of a pool of 101 non-performing mortgage loans (NPLs) with an unpaid...
ServiceMac Selects CoreLogic for Tax, Flood and Fraud
ServiceMac, a startup subservicer led by industry veteran Bob Caruso, has implemented tax, flood and fraud solutions from CoreLogic.
“CoreLogic was our first choice -...
DIMONT, Proventure Roll Out Complete Investor Claims Offering
DIMONT, a provider of specialty insurance and loan administration services to the residential mortgage industry, has formed an alliance with Proventure Consulting to deliver...
Homespire Hires Scott Valletti as VP of Mortgage Servicing
Industry veteran Scott Valletti recently joined Homespire Mortgage as vice president of mortgage servicing.
The company reports that its loan servicing program is expanding due...
PRMI Adopts Black Knight MSP for Servicing Management
Primary Residential Mortgage Inc. (PRMI), a nationwide mortgage lending and servicing operation, has chosen Black Knight Inc.'s full suite of servicing solutions to support...
LERETA Acquires Property Tax Intelligence Firm Accumatch
LERETA, a provider of national real estate tax and flood services, has acquired Accumatch, a Dallas-based property tax intelligence company.
Accumatch provides escrow tax payment...
Mortgage Contracting Services Under New Ownership
Mortgage Contracting Services (MCS) has completed a company recapitalization, with its new ownership comprising an investor group led by Littlejohn & Co. LLC, Lynstone...
Black Knight: Delinquencies Could Remain Above Pre-Pandemic Levels Until March 2022
Of the 6.1 million homeowners who have been in COVID-19-related forbearance plans, 41%, or 2.4 million, have since exited, with the vast majority of...
Homeowners Are Exiting Forbearance, But Not in the Ways You’d Expect
As of September 20, 6.87% of mortgages were in forbearance, which is 3.4 million loans. This is down from 8.55%, or 4.3 million loans...
CSBS Issues Proposed Standards for Nonbank Mortgage Servicers
The Conference of State Bank Supervisors (CSBS) says it is now seeking input on proposed regulatory standards for nonbank mortgage servicers.
The objective of the...
Intercap Lending Now Using Black Knight MSP
Intercap Lending, a direct Fannie Mae, Freddie Mac and Ginnie Mae lender based in Utah, has signed an agreement to use Black Knight Inc.'s...
Fewer Mortgages Exiting Forbearance, But Overall Share Continues to Fall
The share of mortgages in forbearance continued to decrease during the week ended Sept. 20, falling to 6.87% of all loans, down from 6.93%...
Altisource Adds SPOC Reps to El Paso Operations Center
Altisource Portfolio Solutions says it has expanded its Texas-based operations center to better service financial institutions in the wake of an unprecedented surge of...
LERETA Signs Up New American Funding for Tax Services
National mortgage lender and servicer New American Funding, based in Southern California, has selected LERETA for tax services.
New American Funding now has access to...
Midwestern Bank Deploys Black Knight Servicing Technology
Fidelity Bank, a lender with 21 offices across Kansas and Oklahoma, has implemented Black Knight Inc.'s suite of mortgage servicing solutions, including the MSP...