Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster. event: All eyes on purchase

To help power your business forward, we’re bringing together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set leaders apart.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

The digital journey starts at acquisition

Download this white paper to learn how to build a tech-enabled acquisition strategy that will directly contribute to a lender’s ability to maximize profitability and remain competitive.


Aussie firm snaps up Specialized Loan Servicing

An Australian tech company called Computershare, a provider of software solutions and professional services to the securities industry, purchased Specialized Loan Servicing for $113.6 million in cash. In a presentation to investors, Computershare CEO Stuart Crosby said that the market for servicing distressed mortgages in the United States is only going to grow, thus providing the impetus for the purchase. Under the terms of the deal, Computershare may make some additional payments in the next three years. Japan-based Shinsei Bank previously held a majority stake in Colorado-based SLS. In 2010, SLS posted revenue of $84 million. It services 219,000 loans with $16.5 billion in unpaid principal balances. SLS is a primary and special servicer of U.S. residential mortgages, including first-liens, subordinated and home equity lines of credit. In some cases, SLS owns mortgage servicing rights. The company holds a 6% market share in its space, which the Australian buyer wants to grow. “Regulatory and other pressures are leading many U.S. banks to consider outsourcing their mortgage servicing and identify sub-servicing solutions,” according to an investor relations report on the deal. Computershare hopes to close the deal in 120 days. Write to Jacob Gaffney. Follow him on Twitter @jacobgaffney.

Most Popular Articles

Fannie Mae, and the housing market’s inflation problem

Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Jun 16, 2021 By

Latest Articles

Doug Duncan and the housing market’s supply conundrum

The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content

Jun 18, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please