The confidential agreement comes two years after a federal jury awarded the subservicer $22.6 million in damages in a case ...

As it stands, servicers have a massive opportunity when it comes to leveraging AI to improve customer retention and grow mortgage origination.

Mortgage lenders and servicers face several regulations in servicing residential mortgages. There are requirements under the Truth in Lending Act ...

In news for fans of the wholesale lending channel (more below), heading into the baseball All Star Break the Philadelphia ...

Additionally, detailed use cases ensure the system’s sustainability, scalability, reliability and user satisfaction, which can evolve to meet future demands and support long-term growth.

Since acquiring RoundPoint Mortgage Servicing LLC ("RoundPoint") in 2023, Two Harbors has become the eighth largest servicer of conventional loans in the country. The decision to expand into ...

Mortgage servicing is an unusual asset Mr. Cooper Group is a mortgage banker that also retains servicing. When a mortgage is created, there are two components to the loan, which are often separated.

Mortgage servicing saved the day last year, but we might be at a high-water mark for the asset class.

Back in April, more than 20 states clamped business restrictions on Ocwen Financial for alleged rampant errors with homeowners’ escrow accounts and other mortgage servicing issues. Now, five ...

TROY, Mich.: 28 July 2022 — As a recession seems increasingly likely and mortgage loan delinquencies are on the rise, customers want to be assured their mortgage servicers are on their side. According ...

The new mortgage servicing rules achieve two main objectives. First, they will help prevent all borrowers from being caught off guard by surprises and getting the runaround from their servicers.