Tuesday, November 12, 2024

Mortgage Servicing

MBA: Total Number of Loans in Forbearance Remained Flat in February

The share of mortgages in forbearance remained unchanged in February compared with January, at 0.22%, according to the Mortgage Bankers Association’s (MBA) monthly Loan...

Cornerstone Servicing Using Bizzy Labs’ Libretto Compliance Technology

Cornerstone Servicing, a third-party subservicer and a division of Cornerstone Capital Bank, is now using Bizzy Labs’ Libretto compliance technology to reduce costly errors,...

CoreLogic: Rising Home Equity Has Given U.S. Homeowners a ‘Solid Financial Cushion’

The average U.S. mortgage borrower saw their home equity increase by about $24,000 year over year in the fourth quarter - a historic high...

Bizzy Labs Updates Libretto to Streamline Loan Boarding for MSR Acquisitions

Mortgage compliance technology firm Bizzy Labs has updated its Libretto solution in order to further streamline and automate the loan boarding process, particularly for...

Mortgage Delinquencies Edged Up Slightly in December But Remain at Historical Lows

The national mortgage delinquency rate increased to 3.1% in December, an increase of 0.2 percentage points compared with November and an increase of 0.1...

Mortgage QC and Risk Management Services Firm Adfitech Taps Kim Hoffman as President

Kim Hoffman, CMB, AMP, has been appointed the new president of Adfitech, which offers quality control and risk management services to the mortgage industry. Adfitech...

Mortgage Subservicer LoanCare Updates its Mobile App

Following the launch of its redesigned website earlier this month, mortgage subservicer LoanCare has updated its My LoanCare Go mobile app. With the new app,...

MBA: With Regard to Forbearance, Mortgage Servicers Now Have ‘Different Rules Of Engagement’

The share of mortgage loans in forbearance continued to fall in January, reaching a mere sliver of what it was following the start of...

Survey Reveals That Many Mortgage Borrowers Don’t Understand How Escrow Works

A recent survey of mortgage borrowers conducted by LERETA reveals that while more than 80% understand what an escrow account is and what it...

ACES Delivers New Call Monitoring Audit Solution to Enhance Mortgage QC and Compliance

ACES Quality Management has launched the ACES Call Monitoring Audit Pack, a pre-built, configurable call monitoring audit solution that enables mortgage lenders and servicers...

ATTOM: Foreclosure Filings Jumped 10 Percent in January 

Foreclosure filings - including default notices, scheduled auctions or bank repossessions - surged 10% in January compared with December and were up 5% compared...

Fannie Mae Recognizes 32 Top Performing Mortgage Servicers Through its STAR Program

Fannie Mae has recognized 32 mortgage servicers for competency, capacity, and overall performance through its 2023 Servicer Total Achievement and Rewards (STAR) Program. The program awards...

Mortgage Delinquency Rate Increased in Q4 But Remains Well Below Historical Average 

The national mortgage delinquency rate was 3.88% as of the end of the fourth quarter, up 26 basis points compared with the third quarter...

LoanCare Rolls Out New Mortgage Servicing Website

Mortgage subservicer LoanCare has introduced a wholly re-imagined, re-engineered, and re-designed version of its myloancare.com website powered by its proprietary software. The new homeowners’ website...

ICE: Home Affordability Gradually Improving as Rates Fall, Inventory Increases

Home affordability improved slightly in December, due mainly to lower mortgage rates, stabilizing home prices and increased inventory. According to ICE Mortgage Technology’s Mortgage Monitor...

Slowing Home Price Appreciation Took a Bite Out of Homeowner Equity in Q4

The share of properties that are considered “equity rich” - meaning the combined estimated amount of loan balances secured by a property is no...

Essex Mortgage and Gateway First Bank Are the Latest Servicers to Add WaterfallCalc

Essex Mortgage and Gateway First Bank have joined the growing list of mortgage servicers using WaterfallCalc, a software solution that ensures agency and non-agency...

Aubrey Gilmore Promoted to President of Rutledge Claims Management

Aubrey Gilmore has been promoted to president of Rutledge Claims Management Inc. (RCM), a provider of hazard insurance claims management for the mortgage industry. Gilmore...

CoreLogic: Mortgage Performance Still Strong in November as Job Market Remains Resilient

Mortgage performance continued to remain strong in November, although early stage delinquencies crept up slightly, according to CoreLogic’s Home Loan Performance Insights Report. Only 2.9%...

Colonial Savings to Launch New Mortgage Servicing Ecosystem

Colonial Savings, a full-service community bank and national mortgage servicer headquartered in Fort Worth, Texas, is set to launch a new mortgage servicing ecosystem...