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...
ICE: Mortgage Delinquencies Edged Up Slightly in December
The U.S. mortgage delinquency rate edged up to 3.57% in December, an increase of 5.55% compared with November and up 2.65% compared with December...
MBA: Forbearance as a Loss Mitigation Option is Diminishing
The share of mortgages in forbearance has fallen to just a sliver of what it was post-pandemic, in 2020 and 2021, the most recent...
Commercial Mortgage Delinquency Rates Jumped to End 2023
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to the Mortgage Bankers Association's (MBA) commercial real...