servicing
Mortgage servicing strategies are undergoing a transformation
The historically fragmented mortgage servicing space has been transformed over the past few years due to an influx of large…
Read More »Mortgage servicing execs expect ‘profound’ changes under Trump
Mortgage servicing executives foresee significant changes for the industry under a Donald Trump administration, particularly when it comes to interest…
Read More »Liberty Reverse parent Onity touts higher profitability, solid servicing performance
Onity Group, the recently rebranded parent company of top-10 lender Liberty Reverse Mortgage, posted improved earnings results in the third…
Read More »Mortgage servicing startup Valon raises $100M in Series C funding round
Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week.…
Read More »CFPB orders Fay Servicing to pay $2M over illegal foreclosure practices
The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The…
Read More »LoanDepot Sells Servicing To Restructure Debt, Boosts Q2 Revenue
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a…
Read More »Rocket executives build servicing, AI tools amid still challenging market
Despite some recent relief from mortgage rates, top executives at the parent of Rocket Mortgage continue to expect a challenging…
Read More »Democratic senators warn of potential problems with student loan servicing changes
A trio of Democratic senators sent a letter to Education Secretary Miguel Cardona on Monday highlighting concerns they have on…
Read More »Mr. Cooper to acquire Flagstar’s servicing and TPO businesses for $1.4B in cash
Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing…
Read More »Cornerstone Staffs Up To Grow Loan Servicing, Homebuilder Partnerships
Seven executive hires in 2024 include Dana Abernathy, who will expand the company’s servicing operations, and Mike Iorio, who is…
Read More »