New capabilities will assist lenders in calculating income more quickly and precisely, thus reducing risk and helping serve more qualified borrowers.
Read More »Sagent Extends Partnership With American Savings Bank
New seven-year deal enables Hawaii-based bank to offer real-time mortgage servicing to help power the customer experience.
Read More »Post-Forbearance Workout Performance Suffers in April
The MBA reports that approximately 255,000 homeowners remained in forbearance plans through April, as mortgage servicers have provided forbearance options to nearly 7.8 million Americans since April 2020.
Read More »Mr. Cooper Group to Acquire Home Point Capital
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.
Read More »Sagent Opens Operations in India
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.
Read More »Building Servicer Relationships on a Foundation of Trust
JT Grubbs, EVP of Loan Servicing at Selene, sat down with MortgagePoint to share how the company puts their customer first and how to gain customers for the life of the loan.
Read More »Measuring the Reach of NY’s Foreclosure Abuse Prevention Act
Attorney Rich Haber of McCalla Raymer Leibert Pierce discusses the impact of New York’s Foreclosure Abuse Prevention Act on the industry.
Read More »Cenlar Names Michael Biddle Chief Data Scientist
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.
Read More »Does California’s First-Look Law Apply to Servicers or Investors?
Attorneys T. Robert Finlay and Michelle A. Mierzwa discuss California’s SB 2170, a measure that creates a new “First Look” policy for REO properties.
Read More »Senate Committee Pushes for Renewal of National Flood Insurance Program
A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023.
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