Items Tagged with 'servicing'

ARTICLES

  • Waters introduces legislation to prevent FHA foreclosures

    Bill would strengthen FHA mortgage servicer requirements
    In an attempt to prevent foreclosures on the Federal Housing Administration’s borrowers, Democrats introduced a new bill in Congress. Democrats explained the new legislation would strengthen the requirements for and increase oversight of FHA mortgage servicers.
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  • Is Bank of America taking its focus off mortgage lending?

    And who’s servicing its mortgages?
    Could Bank of America be taking a step back from its mortgage lending platform? Its new earnings report from the first quarter may hold the answer. A few years ago, the bank could easily report $1 billion per quarter in its mortgage banking income. However, in the first quarter of 2018, the income from this sector was so small that it was simply lumped into the section for all other income.
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  • 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.
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  • Expert: Construction lending prepares to meet its perfect storm

    Trillion-dollar industry greatly underserved
    The construction lending industry is ripe for change as it struggles to keep up with the world’s changing technologies. One expert told HousingWire the industry remains in the stone ages when it comes to managing its mortgages. But now, it is preparing for the “perfect storm.”
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  • Fannie, Freddie reveal one place being neglected by new mortgage tech

    Servicing industry is ripe for disruption
    Here in the nation’s capital, experts from Fannie Mae and Freddie Mac explained the mortgage industry still lags other industries in terms of tech innovation. Speaking Wednesday at an event hosted by CoreLogic and the Urban Institute, Fannie and Freddie's folks forecasted which part of the mortgage industry is ripe for disruption.
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  • From HW Magazine

    Never too big to serve

    Successful field services companies are designed for the high-touch needs of small servicers
    Under a true outsourcing model, smaller volume servicers have the benefit of operating in a state-of-the-art default servicing platform environment at no additional cost to them; with the customer centric focus and resources one would expect from a local provider. 
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  • Nationstar revenues plummet in first quarter

    Net income barely breaks even
    Nationstar’s income in the first quarter was led by its servicing department, however earnings still came in as a significant loss from last quarter. Net income, in fact, barely broke even as it came in at just $2 million, or $0.02 per diluted share.
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