Servicing

Mortgage market quickly bounces back from latest hurricane season

Government agencies prepare for round two
Last year was a rough one for homeowners hit by a slew of natural disasters including hurricanes, flooding, and even wildfires. Now, months later, the mortgage market is recovering surprisingly well, according to a panel of experts from government agencies at the Mortgage Bankers Association Secondary conference.
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TRK Connection names Jeremy Burcham to lead sales

Will serve as executive vice president of sales
Mortgage quality control and origination management solutions provider TRK Connection announced this week that Jeremy Burcham joined the company as executive vice president of sales. Burcham comes to the company from The Compliance Group.
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MBA: Mortgage delinquencies down in Q1

Strong economic performance drives down delinquency; foreclosure inventory rate lowest since 2006
According to the Mortgage Bankers Association, the foreclosure rate is up slightly despite delinquencies sitting at pre-housing crisis lows and sliding. A strong economy is minimizing delinquency, and despite the slight uptick in Q1, foreclosures are down significantly year-over-year.
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Mr. Cooper in the Winner’s Circle: Why we added AI to our new mobile app

Will AI replace humans?
In this episode of In the Winner’s Circle, Editor-in-Chief Jacob Gaffney talks with Kevin Dahlstrom, the chief innovation and marketing officer at Mr. Cooper, about the lending and servicing giant’s new app featuring artificial intelligence, how AI can save customers more than $500 a month, and what it was like to spearhead the company’s rebranding effort.
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Mortgage delinquency keeps falling, drops for 19th straight quarter

But one generation shows higher delinquency levels than the rest
The mortgage market performed well in the first quarter of 2018, seeing the 19th consecutive decrease in annual mortgage delinquencies. And while mortgage delinquencies dropped for all generational groups, one generation stands above the rest as having a higher serious delinquency rate.
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