ISGN Solutions Changes Name to Sourcepoint
ISGN Solutions, a provider of mortgage software and services, is rebranding to Sourcepoint.
The name change helps create a clearer association with its parent company,...
Delinquency Rate Continued to Fall in January But Foreclosure Starts Spiked
The national mortgage delinquency rate fell to 3.75% of all loans in January, a decrease of 3.45% compared with December and down 12.93% compared...
Mortgage Servicer BSI Financial Raises Capital to Purchase MSRs
Mortgage servicer BSI Financial Services reports that it has partnered with two institutional investors to raise $140 million in capital that the company will...
Pentagon Federal Credit Union Picks Black Knight’s MSP
Seeking to increase operational efficiency and expand its mortgage servicing business, Pentagon Federal Credit Union, the nation’s second largest federal credit union, is now...
Quandis Adds Automated Monitoring Feature to its Military Search Service
Quandis Inc., a default management mortgage technology provider, has incorporated functionality into its Military Search service that empowers clients with the ability to easily...
Fannie Mae Selling $3.1B Pool of Re-Performing Mortgages
Fannie Mae is auctioning a portfolio of 15,100 re-performing mortgage loans with unpaid principal balance of approximately $3.01 billion.
Re-performing loans are mortgages that were...
MBA: Q4 Mortgage Delinquency Rate Lowest Since 2000
Despite the impact of the fall hurricanes and wildfires, the national mortgage delinquency rate fell to 4.06% as of the end of the fourth...
Mortgage Delinquency, Foreclosure Rates Lowest in Decades
The U.S. mortgage delinquency rate fell for an 11th consecutive month in November, reaching the lowest level in more than 11 years, according to...
NTC Hires Michael Ann Williamson as National Account Executive
Michael Ann Williamson has joined post-closing services provider Nationwide Title Clearing Inc. (NTC) as a national account executive.
Williamson previously served as vice president at...
Home Equity Continued to Rise in 2018 as Homeowners Stayed Put
Due to rising home prices, the number of mortgaged U.S. residential properties considered “equity rich” increased by about 834,000 in 2018, bringing the total...
Putting the ‘Service’ Back in Mortgage Servicing
Providing exceptional customer service is essential for prolonged success in the competitive mortgage industry. Given the pressure to comply with frequently-changing regulatory requirements, focusing...
Denis Brosnan: Disaster Relief Strategies for Mortgage Servicers
PERSON OF THE WEEK: The hurricanes and wildfires of 2018 are stark reminders that U.S. residential properties are at increasing risk of natural disasters...
Servicers May Face New Licensing, Bonding Requirements in Montana
BLOG VIEW: Mortgage servicers in Montana may soon have to comply with changes in licensing and bonding requirements if a new bill passes in...
Consolidated Analytics Buys Carrington Property Services
Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment and advisory services, has acquired Carrington Property Services, a provider of third-party...
Black Knight: Mortgage Performance Best in 18 Years
The mortgage regulations put in place since the financial crisis of 2008 have more than paid their dividends in terms of mortgage performance.
Ten years...
Planet Home Lending: Diversified Offerings Helped Us Prosper in 2018
National mortgage lender and servicer Planet Home Lending reports that it opened 26 retail branches and hired 165 mortgage loan originators in 2018.
In addition,...
Mortgage Delinquency Rate Edged Up Slightly But Remains Historically Low
The U.S. mortgage delinquency rate (loans 30 days or more past due but not in foreclosure) was 3.88% of all loans as of the...
Commerce Bank Now Using Black Knight’s MSP to Service HELOCs
Commerce Bank, a large regional bank operating in approximately 330 locations in the central U.S., is converting its home equity lending portfolio to Black...
ATTOM: Foreclosure Starts Fell 6% in 2018
Lenders started the foreclosure process on 369,170 residential properties in 2018, down 6% from 2017 and down 83% from a peak of about 2.1...
Five Things Servicers Must Evaluate When Preparing for Natural Disasters
BLOG VIEW: Natural disasters around the world are occurring at an alarming rate. Every few weeks, we’re witnessing earthquakes that destroy cities, wildfires that...