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Tag Archives: mortgage servicing

Former Washington Mutual Parent Company Acquires Mr. Cooper

Francis Lobo

Nationstar Mortgage, the Coppell, Texas-based mortgage servicing company that recently rebranded itself as Mr. Cooper in an effort to grow out of a niche closely associated with the Great Recession, is merging with the holding company that formerly owned Washington ...

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Is the Sky Falling Over the Housing Market?

Editor's note: This story was originally featured in the February issue of DS News, out now. As we go deeper into 2018, it’s safe to say the housing industry is poised for further growth. More first-time homebuyers are reported to be flooding ...

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Safeguard Properties Launches Next-Generation Multimedia Application

Safeguard Properties is launching its next-generation multimedia Photo Direct application, introducing the use of panoramic photos, video, and audio to property preservation work in the field. The company unveiled the enhancements at the 2018 Mortgage Bankers Association (MBA) National Mortgage Servicing ...

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David Stevens Says Farewell

With the National Mortgage Servicing Conference and Expo 2018 unfolding this week in Grapevine, Texas, DS News has been on the scene, speaking with some of the industry’s biggest names and power players. During the event, DS News spoke on ...

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Bracing for a Sea of Change in Mortgage Servicing

Editor's note: This story was originally featured in the February issue of DS News, out now. Last year was momentous for the housing industry. The economy tracked well as home prices leapt to highs not seen since the Great Recession and existing ...

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Distributing Insurance Funds After a Natural Disaster

Editor's note: This story was originally featured in the January issue of DS News, out now. One of the biggest mortgage servicing issues facing lenders in Texas, Florida, California, and other states that have suffered from declared disasters relates to insurance claims ...

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PHH Moves Forward With Updated Servicing Standards

In a statement released Wednesday, PHH said they will implement new servicing standards as part of a settlement with a multi-state group of state attorneys general, as well as following a “testing and reporting process to ensure compliance with the ...

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Ocwen Sues FIS Over Alleged Inflated Billing

One lawsuit has begat another in California. Ocwen Financial Corp. has alleged that the monitor appointed to review its business practices in the wake of a mortgage servicing settlement ran through an almost $45 million budget in half the time and with half the work. Ocwen alleges that Fidelity Information Services overbilled and charged for improper expenses, including associate trips to casinos and strip clubs.

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Five Minutes With Michael Danlag

DS News sat down with Michael Danlang, VP and Global Head of Service Delivery with Sutherland Mortgage Services, Inc., to discuss how technology will enhance practices within the mortgage servicing industry. Editor's note: this feature appeared in the February issue of DS News.

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