Tag Archives: Servicers

Some states have issued laws to combat urban blight but these laws may present new and different challenges to servicers.

Patrick Nackley, Director of Marketing and Business Development at Superior Home Services sat down with DS News to explain how the new HUD advisement will affect servicers' businesses and what they can do to adjust and comply with the changes.

When an HOA forecloses on a property for unpaid association fees, the servicer faces significant risk of increased loss and even of losing its investor’s stake in the property.

Black Knight Financial Services (BKFS) has announced that it after completing its year-end loan processing, the firm successfully completed the processing of a record 44 million loans for 65 clients for the full year 2015 for loans services.

U.S. Bank announced the appointment of Tom Wind as president of U.S. Bank Home Mortgage this week. Wind succeeds Rick Aneshansel, who announced his retirement earlier this year.

As the practice of mortgage servicing continues to undergo sweeping changes—from SPOC to consent orders and everything in between—servicing finds itself in a near constant state of evolution, mired with rules and policy that make today’s practice more complex than ever.

According to an announcement, CoreLogic created the solution as a faster, cheaper, configurable way for servicers to check a number of factors related to a loan's status and viability, including lien status, current equity position, and the borrower's updated credit profile. The end result is a platform intended to allow firms to easily render modification and forbearance decisions in a compliant way.

Two mortgage servicing industry experts speaking on complying in an industry where the laws are constantly changing – and getting tougher – compared keeping up with servicing standards to competing in a rodeo.

A panel of experts at the Servicing Lab at the Five Star Conference on Tuesday agreed that in order for loss mitigation to be effective in 2014 and heading into the future, servicers must find new and inventive ways to execute.

In 2012, lender-placed insurance issues cost Fannie Mae and Freddie Mac a combined $360 million, and now the federal government may take legal action against servicers for charging excessive LPI rates, according to a report released Wednesday by the Federal Housing Finance Agency’s Office of the Inspector General.