Headlines

In a deal for $324 million in cash, the acquisition of Home Point’s $84 billion servicing portfolio is expected to contribute to Mr. Cooper’s return on equity, with estimated 10% accretion to operating earnings within the first year.

Mortgage servicing fintech provider adds 120-plus members to its workforce by launching its non-U.S. headquarters in Chennai, India, following agreement with Mr. Cooper.

With 20-plus years of experience under his belt, Cenlar adds veteran to procure and gather data, as well as instituting AI solutions for the company’s newly launched Mortgage Information Factory.

As expected, the Federal Reserve raised rates again at the end of their May meeting by a quarter point—this is now the tenth-straight increase.

The deal extension expands the usage of Sagent’s LoanServ fintech platform across Digital Federal Credit Union’s mortgage servicing lifecycle.

First Republic Bank, with assets of $229B, was taken over by the FDIC and purchased by JPMorgan Chase.

As part of the partnership, Waldron's Compliability Solutions LLC, an advisory services and staffing firm that helps companies in real estate finance create and optimize compliance strategies, also joins Five Star’s Legal League as an Associate Member.

Former U.S. Marine joins mortgage subservicer, responsible for the cybersecurity team and emerging risk to ensure that Cenlar continues to remain compliant.

In this newly created role, Alicia Wood will be tasked with administering CBC’s entire loan servicing operation and responsible for servicing oversight and loss mitigation activity on all first and second mortgages, as well as agency and investor reporting.

Mortgage subservicer has appointed Marlon Groen as its new Chief Compliance Officer, and has promoted Jennifer Rowen to the role of SVP, Core Operations.