Tag Archives: mortgage servicing

Benjamin Franklin’s adage, “An ounce of prevention is worth a pound of cure,” rings true in today’s servicing environment (Editor’s note: This select print feature originally appeared in the November 2016 issue of MReport).

The combination of a changing business climate and regulations and federal oversight does not mean that servicers can’t enhance their business portfolio.

Real estate and mortgage servicing professionals from all over the country will gather under one roof for the preeminent business growth and educational opportunity this week at the 13th Annual Five Star Conference and Expo in Dallas, starting Sunday.

Several housing experts make predictions for the industry in a new white paper from the Five Star Institute, "U.S. Residential Mortgage Default Performance Update & Market Analysis."

The need for servicing compensation reform was a major topic of discussion among several housing experts during an hour and a half-long panel on Emerging Issues in Mortgage Servicing Wednesday at the Urban Institute.

The Atlanta-based bank is no longer burdened by legal matters and it showed in their 2015 fourth quarter and year-end earnings.

The restructuring of mortgage servicing shops continues with Wells Fargo confirming Monday that the bank is moving approximately 350 home loan servicing members out of its offices in Charlotte, North Carolina.

Selene Finance, LP, a specialty mortgage servicer, has added Tom Donatacci is to lead all business development efforts in the role of EVP of Business Development. Donatacci previously served as EVP of Sales at Clayton Holdings. Prior to Clayton, he was the Senior Managing Director of sub-servicing and MSR transactions at GMAC ResCap.

According to Freddie Mac, in the five year-period between 2008 and 2013, the cost of servicing a performing loan increased 2.6 times (from $59 to $156).

Old Republic Title Insurance Group, Inc., recently announced that its Old Republic Default Management Services operation will now operate under the new name of Old Republic Servicing Solutions.