The loan servicer spends “several hundred million dollars a year” on call center operations and expects $50 million in annual savings at the outset of…
Posts published in “loan servicing”
Parent company Home Point Capital to take an equity stake in The Loan Store, with Homepoint executive Phil Shoemaker to be installed as CEO when…
Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and…
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance…
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a…
The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments. Source:…
Investors warned of “break even” second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations. Source: Inman News
Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Source: Inman…
In a coup for Black Knight, the deal is the latest in a growing trend as lenders see servicing as a way to smooth out…
Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. Source: Inman News