Traditionally, mortgage bankers that both originate and service loans have operated these two business in separate siloes, often using separate, poorly integrated platforms for each.
Tag: Servicing
Economic Outlook: ‘Some Momentum’ Going into 2024–#MBAServicing24
ORLANDO–The U.S. economy was stronger in 2023 than most analysts expected, according to Joel Kan, Vice President and Deputy Chief Economist with the Mortgage Bankers Association.
DLS Servicing’s Donna Schmidt: Be Prepared for a Data Breach at Your Servicing Platform Provider
When key servicing partners like title companies are compromised, it not only hampers their direct operations, but also affects the servicers that rely on them for critical operations.
Sponsored Content From ACES Quality Management: Adapting to the Changing Terrain of Mortgage Servicing
2024 brings optimism, but servicing complexities persist. Lenders must embrace tech-driven compliance and quality control measures.
LERETA’s John Walsh: Higher Taxes and Insurance Will Surprise Borrowers with Escrow Accounts in 2024. Are Servicers Ready?
While homeowners across the U.S. are celebrating the record-high appreciation in their home values and, as a result, their home equity, servicers are preparing for the other shoe to drop: an accompanying rise in real estate taxes, affecting escrow balances and creating issues for both borrowers and servicers.
MBA NewsLink Q&A: Donna Schmidt of DLS Servicing on the FHA Loss Mitigation Waterfall
MBA NewsLink spoke with DLS Servicing’s Donna Schmidt on the FHA loss mitigation waterfall.
Cenlar’s Lori Pinto, CMB: Delivering the Best Homeowner Experience
The U.S. economy and housing market has been anything but predictable the last few years.
BSI Financial Services’ Allen Price: How Digital-First Subservicers Are Revolutionizing Servicing
While mortgage origination has experienced massive improvements through digital technology, the same has not always been true for the servicing side of the business. On the whole, mortgage servicers are not typically known for being particularly innovative or technology driven.
Fitch: Serious RMBS Delinquencies Trending Positively; Early Delinquencies Remain Flat
Fitch Ratings, New York, said servicers continue to work with struggling homeowners to avoid loan default, as early delinquencies remain flat and late stage delinquencies show positive movement.
Foreclosure Activity Increases
ATTOM, Irvine, Calif., found a total of 185,580 U.S. properties with foreclosure filings–default notices, scheduled auctions or bank repossessions–between January and June, up 13% from a year ago.