Servicing

Paradatec announced Tuesday that its newly developed UCD module has successfully met all of Fannie Mae’s requirements.

Nominations are now open for MReport’s Women of Impact list, which features influential female leaders in the housing and mortgage industry. The honorees will be recognized in the magazine’s special Women in Housing issue in September.

Since 2008, industry mandated best practices have been put in place for consumers’ protection, but what happens when there’s oversight, and what can banks do to make it right?

“Diversity” and “inclusion” are buzzwords that have been trending in the mortgage industry for some time, but when truly absorbed, they can have a multitude of positive impacts on a business. 

FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by FormFree for automated asset verification. In using AccountChek, loan officers at Guaranteed Rate will be able to offer their clients a faster, safer, and more accurate alternative to scanning and uploading asset statements.

Single-Family Residential Platform announced how it sold its portfolio for a multi-million dollar total sale price. The platform has collectively raised billions.

Nationwide Title Clearing announced recently that Greg McCoskey has been hired as the company's Lead General Counsel. McCoskey’s responsibilities will include working with the operations and management teams to provide counsel on corporate and litigation matters for NTC and to ensuring that NTC's customers remain insulated from statutory non-compliance risk for any operation outsourced to NTC.

As refinance activity declines and housing prices keep rising, lenders are clamoring to attract what few purchase buyers are still out there. But they’ll need to up their game in order to stand out from the pack. What’s the best way to do that? A new report released on Monday has the answer.

Home prices spiked again, according to the May 2017 Existing Home Sales Index. Total unsold inventory saw a slight uptick compared to April 2017, but is still relatively low, and median home prices are continuing to rise. Seasonally adjusted, there were 5.62 million existing homes for sale, a small increase from April 2017, but how long will this trend sustain itself?

As the mortgage industry attempted to digest the cumbersome alphabet soup of data standards and regulation, Fannie Mae innovated to deliver a recipe for certainty.