LERETA Taps Jory Beech as Senior Tax Operations Manager
Mortgage servicing industry veteran Jory Beech has joined LERETA, a provider of real estate tax and flood services for mortgage servicers, as senior tax...
Proctor Financial Recognized For Contact Center Performance
Proctor Financial Inc., an insurance tracking and lender-placed insurance provider for mortgage servicers, recently earned a Top Contact Center award for 2019 from BenchmarkPortal.
Proctor...
MetaSource Report Reveals Weak Points in Servicers’ MERS Compliance
Mortgage servicers are sometimes failing to adequately document the reasons behind a decision to move forward with a default for bankruptcy or foreclosure, the...
Mortgage Delinquency Rate Jumped in February, Prepayment Rate Rises 11%
The U.S. mortgage delinquency rate increased slightly in February compared with January, rising to 3.69% of all mortgages, according to Black Knight’s First Look...
Towd Point Master Funding, NRZ Mortgage Holdings Acquire Fannie Mae RPLs
Towd Point Master Funding and NRZ Mortgage Holdings were the winning bidders in Fannie Mae’s most recent re-performing loan sale.
This most recent transaction, which...
Fix-and-Flip Loans: Rewarding if Managed Properly
With average coupons twice the rate of agency MBS, residential transition loans (RTLs) are a hot product. Any time a whole loan buyer can...
RoundPoint Mortgage Servicing Using Clarifire to Automate Loss Mitigation
In order to gain new efficiencies, RoundPoint Mortgage Servicing Corp. is using Clarifire’s loss mitigation workflow automation platform.
The mortgage servicer implemented the platform in...
Mortgage Delinquencies, Foreclosures Continue to Hold at Pre-Crisis Lows
Although mortgage delinquency rates in December remained elevated in some areas impacted by last year’s hurricanes and wildfires, overall they were down compared with...
Number of Properties in Negative Equity Jumped in Q4
The number of U.S. residential properties in negative equity increased 1.6% to 2.2 million homes or 4.2% of all mortgaged properties in the fourth...
Freddie Mac Prices $2.1 Billion Securitization of RPLs
Freddie Mac's first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2019 is a rated securitization of approximately $2.1 billion backed by a pool...
American Mortgage Consultants Acquires String Real Estate Information Services
American Mortgage Consultants Inc. (AMC), which offers loan due diligence, quality control, securitization review, MSR review, advance assessment, servicing oversight, consulting and services, along...
MIAC Handling Sale of $315M Mortgage Servicing Portfolio
Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of a $315.25 million Ginnie Mae, Fannie Mae and Freddie Mac mortgage servicing portfolio with...
Altisource Releases Bundled Solution For Delinquent FHA Loans
Altisource is offering a bundled solution that provides customized asset management services for delinquent FHA loans.
The new bundled offering incorporates Equator’s default servicing and...
STRATMOR Group Hires Seth Sprague as a Principal
Seth Sprague, CMB, has joined mortgage advisory firm STRATMOR Group as a principal.
Sprague has more than 20 years of mortgage experience. He has expertise in mortgage...
LRES Taps Peter Lutz as VP and National Sales Manager
Peter Lutz has joined LRES, a provider of valuations, REO asset management and HOA solutions for the mortgage industry, as vice president and national...
TMS Leading Charge to Bring Blockchain to Mortgage Servicing
TMS (The Money Source), a national financial services and mortgage company, reports that it has provisional approval for three patents related to the use...
LERETA Announces Enhanced Integration with Black Knight MSP
LERETA, a provider of real estate tax and flood services for mortgage servicers, is now integrated with Black Knight’s MSP, thus enhancing the tax...
Mortgage Subservicer ServiceMac Chooses IndiSoft’s Compliance Technology
ServiceMac, an emerging mortgage subservicer for banks, investment firms, mortgage bankers and credit unions, has selected IndiSoft’s RX Office Compliance platform to support its...
Blue Water Financial Technologies Forms Advisory Board
Blue Water Financial Technologies, a provider of technology enabled analytical solutions and advisory services to the mortgage industry, has formed an advisory board comprised of...
Freedom Mortgage Using Sagent’s Borrower Self-Service Portal
Freedom Mortgage is now using LoanServ Account Connect from Sagent Lending Technologies (formerly Fiserv Lending Solutions) as its borrower self-service portal.
With this new solution,...