Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams
FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system. ... Read full article
News Topic: Servicing systems
Search Results
Fiserv Lending rebrands following sale to Warburg Pincus
Fiserv Lending Solutions rebrand to Sagent Lending Technologies reflects the company's focus on a more efficient process for mortgage and consumer lenders. ... Read full article
Digital mortgages slowly making their way into servicing
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. ... Read full article
3 reasons why Ocwen Financial is buying PHH Mortgage
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. ... Read full article
CFPB gives more time to reach troubled borrowers in servicer rule revision
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. ... Read full article
Automating mortgage loan processing
Helping to improve efficiency and customer satisfaction while limiting cycle time and costly errors. ... Read full article
Libor going away creates a compliance trap for ARM lenders
Picking a new benchmark for adjustable-rate mortgages is the easy part. Industrywide implementation is where things get tricky. ... Read full article
Fed official calls for Fannie, Freddie fix: DOJ in AML bank probe
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. ... Read full article