Bureau examiners uncover violations in areas including mortgage servicing and a variety of lending discrimination practices in new report.
Read More »Delgado to Rep. Waters: ‘Stop Politicizing a Pandemic’
Chairwoman Maxine Waters, along with three fellow members, sent a letter to the nation’s largest banks seeking communication sent to borrowers on programs related to the CARES Act.
Read More »Lawmakers Call for Government to Assist Mortgage Servicers
Several leading Democrats called on both the Treasury and the Federal Reserve to aid in liquidity shortfalls.
Read More »Satisfaction of Mortgage Originators Falls in Q2 2019
The dip in satisfaction comes during the same period mortgage originations grew 54% quarter-to-quarter.
Read More »Servicer Supervision Reveals 4 Problem Areas and Resolutions
In its most recent supervisory report, the CFPB identified four main problem areas at mortgage servicers as well as servicers’ solutions.
Read More »Padgett Law Group Appoints COO
In his new role French will assume duties related to the day-to-day oversight and management of the firm’s operational activities associated with its creditors' rights’ legal practice.
Read More »Industry Veteran to Lead Strategic Business Processes at LERETA
LERETA, LLC, a national provider of real estate tax and flood services for mortgage servicers based in Covina, California, has named Patrick Hedges senior operations manager for the company.
Read More »Mortgage Veteran to Lead Strategy for LERETA
LERETA, LLC, a national provider of real estate tax and flood services for mortgage servicers based in Covina, California, has tapped Eric Christensen as the Chief Strategy Officer for the company. Christensen is responsible for product development, corporate strategy, marketing, and M&A transactions.
Read More »Is the Customer Always Right?
The housing crisis impacted the reputation of the mortgage servicing industry in the eyes of the public. But as the years went by, the industry had slowly rehabilitated ...
Read More »Disparate Tech Holds Lenders Back
Today’s mortgage servicers are suffering from overly disparate technology solutions, and those disconnected systems are holding businesses back, according to a new report. In response to increased compliance follow the housing crisis, most available mortgage technology has become product-specific, and that’s created a disconnect that requires fractured, inefficient processes that are costly and unwieldy. The report proposes an overlay system to bridge the gaps and provide more consistency.
Read More »