Lenders must meet the digital demands of today’s savvy consumer, and keep pace with the constant change in tech advances.
Read More »Improving the HELOC Experience
Established relationships with lenders still play a crucial role for borrowers looking at home equity line of credit (HELOC) according to the latest U.S. Home Equity Line of Credit Satisfaction Study by research and rating firm J.D. Power. The study ...
Read More »The Customer is Key
The housing crisis impacted the reputation of the mortgage servicing industry in the eyes of the public. But as the years went by, the industry had slowly rehabilitated its image. Despite the hard won gains, however, the J.D. Power 2017 ...
Read More »Investing in Customer Experience Reported to Help Servicers
Contrary to some reports that customer experience investments are unnecessary and unprofitable, a recent study indicates that investing in the customer experience does pay off for mortgage servicers.
Read More »RoundPoint Upgrades Consumer Ombudsman Program
RoundPoint Mortgage Servicing customers concerned about any issues surrounding their loan can now access the company's Consumer Ombudsman online, thanks to an upgrade introduced this week.
Read More »Commentary: Same Old, Same Old
The summer is over and with it the end of re-runs of (some of) our favorite shows. There might even be some original movies, not sequels or prequels. But, there’s one more re-run we have to endure but with a new twist: Republicans in Congress balking at increasing the debt ceiling and threatening a government shutdown when the federal fiscal year ends October 1 unless and this is the twist legislation passed by the Congress and signed into law by the President is tweaked, modified, changed, delayed or otherwise abandoned .
Read More »CFPB Clarifies Complaint Duties for Credit Information Suppliers
The Consumer Financial Protection Bureau (CFPB) is putting on notice companies that furnish information to credit reporting firms, reminding them that they are responsible for investigating consumer disputes forwarded to them.
Read More »Jobless Claims in Surprise Jump
First-time claims for unemployment insurance jumped 16,000 to 357,000 for the week ended March 23, the strongest jump since mid-February, the Labor Department reported Thursday. Meanwhile the number of continuing claims for the week ended March 16, reported on a one-week lag, fell 27,000 to 3,050,000, the lowest level since June 2008.
Read More »Customer Satisfaction with Real Estate Companies Falls to New Low
There are some things we tend to take as fundamental truths. Nowadays, people may add to their roster the idea that home buyers and sellers seem to downright dislike their real estate companies. According to a recent report by J.D. Power and Associates, home buyer satisfaction with national real estate companies fell to its lowest level in the history of the five-year-old survey, a record low on par with mortgage rates.
Read More »Survey: Community Banks Most Concerned About New Regulations
A study released Thursday by Ellie Mae found that community bankers see increasing regulations as the biggest immediate challenge to their mortgage businesses. More than half of community bank executives (51 percent) said that handling changing compliance standards is the most significant challenge for their banks. They specifically spoke of regulations created by the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB).
Read More »