Servicing

Servicing
Performing and non-performing loan servicing, subservicing and the vendors that support loan servicers. Property preservation and REO activity as well.

ARTICLES

  • Fiserv Lending Solutions rebranding as Sagent Lending Technologies

    Follows sale to Warburg Pincus
    Earlier this year, Fiserv sold more than half of its mortgage servicing business to private equity firm Warburg Pincus for $395 million. The plan was for the companies to operate the servicing business, called Fiserv Lending Solutions, as a joint venture. And that’s still the case, although the joint venture won’t carry Fiserv’s name anymore.
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  • Consumers can now freeze their credit for free

    Credit reporting agencies can no longer charge for credit freezes
    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
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  • Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years

    Company reveals planned headcount reduction of between 5%-10%
    It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021.
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  • CoreLogic's AutomatIQ Borrower streamlines mortgage workflows

    AutomatIQ Borrower is first offering from the AutomatIQ Suite of Digital Mortgage Solutions
    CoreLogic recently announced it launched phase one of AutomatIQ Borrower, which is the first offering from the new AutomatIQ Suite of Digital Mortgage Solutions. The new underwriting solution is designed to help lenders streamline their current mortgage workflows and increase underwriter productivity and loan quality.
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  • Optimal Blue announces integration with HomeScout's National MLS platform

    Technology platform permits access to complete MLS inventories
    Optimal Blue, a secondary marketing automation platform and 2018 HW Tech100 winner, recently announced its integration with HomeScout’s National MLS platform. The integration enables mutual clients to create direct leads with consumers, generate referrals for real estate partners and more.
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  • RiskSpan adds HECM data to its platform

    Seeks to analyze impact of FHA program changes
    Analytics firm RiskSpan has added reverse mortgage data to its platform, incorporating more than a half a billion records from Ginnie Mae in an effort to form critical analysis of the HECM market. RiskSpan’s founder and CEO Bernadette Kogler said senior home equity growth and recent HECM program changes spurred the company’s decision to delve further into the space.
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  • Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill

    Would wind down Fannie Mae and Freddie Mac, elevate Ginnie Mae
    It’s now officially been 10 years since the government took Fannie Mae and Freddie Mac into conservatorship. And in that decade, an uneasy status quo has developed with Fannie and Freddie dominating the housing finance system, despite their limited capital bases and unresolved position as wards of the federal government. But if House Financial Services Committee Chairman Jeb Hensarling has anything to say about it in his final days in office, all of that uncertainty will soon be resolved.
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