Items Tagged with 'servicing'

ARTICLES

Executive Conversation: Deborah Garcia-Gratacos on servicing the Hispanic market

Deval provides bilingual documents and personnel for optimal communication
Hispanics are the fastest-growing segment of the American population, with 55.3 million Hispanics in the United States in 2014 and this is projected to grow to 30% of the population by 2060. Deval LLC discusses the unique requirements for servicing the Hispanic community.
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Auction.com improves foreclosure outcomes for lenders and servicers

Marketing efforts put properties in front of millions of buyers across the globe
Auction.com takes a multi-channel approach to marketing foreclosure properties, which means sellers get a broad, global pool of potential buyers. The Auction.com website boasts more than 4 million active users and more than 300,000 unique visitors each week.
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BB&T Capital Markets promotes two into 'key' leadership roles

Names leaders of equity investment banking and capital markets advisory group
Financial services company BB&T Capital Markets announced recently named bankers Bruce Kelleher and Jake Savage to "key" leadership roles. Kelleher brings 23 years of experience to his role as the head of BB&T Capital Markets’ equity investment banking. And Jake Savage, a 30-year corporate finance and banking veteran, will lead the firm’s newly formed capital markets advisory group.
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Nationstar 3Q earnings drop to $32 million

Servicing up, originations down
Nationstar Mortgage Holdings’ third-quarter adjusted earnings dropped to $32 million, compared to $35 million in the second quarter. However, despite the decline, Jay Bray, CEO, remained positive on the company's recent improvements.
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Foreclosure starts at a 10-year low in first half of 2015

Accelerating bank repos 37% above pre-crisis watermark
There were a total of 597,589 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2015, down 13% from the previous six months and down 3% from the same time period in 2014. Things are changing but where are the trends heading?
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Ocwen closing residential servicing operations in Houston

Facility was company’s smallest call center in U.S.
Ocwen Financial announced Wednesday that after conducting a “strategic review” of its operations, the company is shutting down its residential mortgage servicing operations at its facility in Houston. The decision to shutter the call center will affect 140 residential servicing employees, whose positions will be eliminated.
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