Servicing systems

Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams

11/15/18

FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.

[more]

Fiserv Lending rebrands following sale to Warburg Pincus

09/20/18

Fiserv Lending Solutions rebrand to Sagent Lending Technologies reflects the company's focus on a more efficient process for mortgage and consumer lenders.

[more]

Digital mortgages slowly making their way into servicing

03/27/18

Servicers are still trying to figure out how they can best take advantage of the growing use of electronic notes and other digital mortgage tools by lenders and the secondary market.

[more]

3 reasons why Ocwen Financial is buying PHH Mortgage

02/27/18

From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp.

[more]

CFPB gives more time to reach troubled borrowers in servicer rule revision

10/04/17

The Consumer Financial Protection Bureau said Wednesday that it would give mortgage servicers more time to notify distressed borrowers who have asked not to be contacted about the collection of their debts.

[more]

Automating mortgage loan processing

09/05/17

Helping to improve efficiency and customer satisfaction while limiting cycle time and costly errors.

[more]

Libor going away creates a compliance trap for ARM lenders

08/10/17

Picking a new benchmark for adjustable-rate mortgages is the easy part. Industrywide implementation is where things get tricky.

[more]

Fed official calls for Fannie, Freddie fix: DOJ in AML bank probe

07/07/17

Jerome Powell says it's “now or never” to cut the government’s role in mortgage finance; Justice Department is monitoring eight banks for suspected money laundering.

[more]