Servicing

Nationstar (aka Mr. Cooper) reaches $17 million mortgage settlement with NYDFS

$5 million fine, $5 million to local nonprofit, $7 million to New York residents
For the third time in the last six months, Nationstar Mortgage, the nonbank also known as Mr. Cooper, has reached a multimillion-dollar settlement with a state banking regulator over mortgage-related issues. The New York Department of Financial Services announced Wednesday that it reached a $17 million settlement with Nationstar for a number of violations of the state’s financial laws.
Read More

RoundPoint Mortgage Servicing adds five executives

Nonbank servicer bolsters senior management team
Nonbank servicer RoundPoint Mortgage has added five executives to its senior management team. The company has added three execs to its Dallas office: Michael Shidler, VP of Servicing Transfers Frank Ciesielski, and VP of Corporate Compliance Chalise Freitag. Joining the company at its Charlotte, N.C., headquarters is VP of Marketing Roman Vega and VP of Investor Reporting Ronda Schrader.
Read More

TMS unveils mortgage servicing mobile app

Mobile app for SIME servicing platform launched this week
Fintech company, and recent 2018 HW Tech100 winner, TMS announced this week it launched a mobile app for its SIME mortgage servicing platform. The company said its new servicing app, known as TMS Happinest Mobile, brings “a total homeownership experience to its customers,” and marks the first app of its kind in the servicing space.
Read More
From HW Magazine

April Kudos: Celebrating milestones, launches and awards in the mortgage industry

CoreLogic, Calyx Software, New Penn and HousingWire
The J. Ronald Terwilliger Foundation for Housing America’s Families is giving $3 million to Enterprise Community Partners, a nonprofit that designs and builds affordable housing. The grant is designed to create “innovative, integrated approaches” in areas like job training and healthcare that can increase economic mobility. The grant will be used to fund a two-year effort that includes assessing existing programs and identifying priority needs.
Read More
From HW Magazine

The 2018 HW Tech100

The most innovative technology companies in housing
This year’s HW Tech100 features a much more expansive landscape than ever before. Winners included heavy hitters and innovative disruptors. Even new tech players in the blockchain space are joining the party now. Other exciting developments can be seen on the identity-protection and fraud-prevention sides. But make no mistake, the name of the game in tech, these days, is lending, lending, lending.
Read More
From HW Magazine

2018 HW Tech100 Winner: Veros

Created two new valuation solutions: VeroDATAFI and VeroPRECISION
In 2017, Veros introduced a host of new valuation solutions, including VeroDATAFI and VeroPRECISION. Veros created VeroDATAFI to address the UCD mandate and provide lenders with a data management solution that streamlines and automates the secure delivery of UCD files directly to Fannie Mae and Freddie Mac.VeroPRECISION is a property-specific valuation rules engine that uses Veros’ analytics, AI  and machine learning to instantly determine if an AVM is the right valuation tool for the subject property.
Read More
From HW Magazine

2018 HW Tech100 Winner: Ventanex

LIFT is a 100% cloud-based solution that integrates with all major loan servicing platforms
Ventanex LIFT, the company’s proprietary transaction technology platform, streamlines and integrates the management of online bill payments and messaging for mortgage servicers. LIFT is a 100% cloud-based solution that integrates with all major loan servicing platforms. LIFT brings data from internal and third-party systems together to give servicers consolidated control from a single dashboard.
Read More
From HW Magazine

2018 HW Tech100 Winner: Vendorly

SaaS-based oversight platform is designed to help financial institutions manage their vendors
Vendorly, which launched in the spring of 2016, provides financial institutions with tech-based vendor management processes. The company offers an external-facing, SaaS-based oversight platform that is designed to help financial institutions manage their vendors and meet regulators’ dynamic vendor oversight guidelines. The company’s platform helps manage vendor risk by streamlining vendor due diligence, document maintenance, and ongoing monitoring across all vendor types involved in mortgage origination and servicing processes.
Read More
From HW Magazine

2018 HW Tech100 Winner: ValuTrac Software

ValuTrac Pro and ValuTrac Pro Plus offer appraisal solutions
ValuTrac Software has been providing appraisal and valuation management SaaS technologies to appraisal management companies, banks, credit unions, and mortgage lenders since 2009. ValuTrac offers its flagship product ValuTrac Pro for residential appraisal management, as well as ValuTrac Pro Plus for residential and commercial appraisal management, along with several other appraisal solutions.
Read More