Improving Due Diligence On Third-Party Origination
REQUIRED READING: Last year, some people assumed that wholesale lending was dead in the water. Today, however, resurgence in the wholesale channel is...
Making The Most Of In-Person Outreach
REQUIRED READING: Borrower communication has long been a sore spot for the servicing space, and the foreclosure activity of the past three years...
Low-Volume Servicers Dish Default-Tech Needs
REQUIRED READING: Servicers' investments in default servicing technology are largely being driven by the complex investor and regulatory requirements that are hitting shops...
The Continued Evolution Of Reverse Mortgages
REQUIRED READING: Reverse mortgage originators and servicers may do well to forget some of what they know - or think they know -...
The New Wave Of De Novo Lenders
REQUIRED READING: In March, industry veteran David Hall announced that he had opened a de novo mortgage banking company in Michigan. For some...
E-Recording Slowly Gains Ground In Jurisdictions Nationwide
REQUIRED READING: According to the Property Records Industry Association, the national standards-setting body for the land records industry, there are more than 3,600...
New Loss Mit Statutes Added In North Carolina
REQUIRED READING: Loan servicers will now face more scrutiny in their efforts to assist distressed North Carolina borrowers. In November 2009, North Carolina's...
Factors To Consider When Buying A Decisioning Platform
REQUIRED READING: After Fannie Mae launched Desktop Underwriter (DU) in 1995, technology vendors began developing their own decisioning solutions for use by lenders....
Time To Rethink Segmented Communication
REQUIRED READING: Even as the economy slowly sputters back to life, it is a new world for mortgage servicers. Continued risk, overburdened resources...
The Evolution Of Loan-Level Data In Analyzing RMBS Investments
REQUIRED READING: There is more than enough blame to go around for the meltdown in the residential mortgage markets. Each constituent in the...
Mastering The Flow: How To Bring Efficiencies To Work Management
REQUIRED READING: Mortgage servicing is a cause-and-effect, process-based operation with many different departments dependent upon others to resolve varying pieces of the process....
How to Effectively Handle Your Repurchase Demands
REQUIRED READING: If your firm originated loans prior to 2009, you have buybacks and need to know how to defend yourself. Loan buyback...
Liquidation Nation: New Options For Reducing Inventories
REQUIRED READING: Try as it might, the Home Affordable Modification Program (HAMP) cannot resolve the shadow inventory alone. With only a fraction of...
What Can Cloud Computing Offer Mortgage Bankers?
REQUIRED READING: Today's mortgage lenders fall into one of three categories: those that are growing faster than ever, those that are getting ready...
MLS Data: A Critical Element In Stopping Valuation Fraud
REQUIRED READING: As long as lenders have relied on property valuation to make lending decisions, there have been criminals who have manipulated this...
A New REO Dilemma: SFR Rentals Vs. MDU Rentals
REQUIRED READING: Over the past two years, much of the industry's - as well as the government's - attention has focused on defaults...
Wait A Minute, Mr. Postman: A Primer In Direct-Mail Marketing
REQUIRED READING: Over the past few years, financial services institutions, including mortgage banks, have significantly curtailed direct-mail marketing as a means for seeking...
Field Services Introduce Compliance Concerns
REQUIRED READING: The rising tide of residential foreclosures has thrown field services into the limelight and focused attention on the risks that field-service...
How HVCC Changed The Game For Appraisal Management Companies
REQUIRED READING: Looking back on the roots of the mortgage crisis, it is clear that there were many moving parts and contributory factors that...
The Many Hats Of A Specialty Servicer
REQUIRED READING: The relatively niched world of specialty servicing is set to explode. That is, assuming the transactions that serve as the space's foundation...