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MortgageOrb.com 02/14/2020 14:30
Mortgage servicing professionals John Bargas, Donnell Mitchell and Wendy Strawn recently joined the servicing department at Mid America Mortgage. Bargas, who will lead the department as executive managing director of servicing, is a seasoned mortgage servicing professional with more than 20 years of experience in financial services. He brings a wealth of experience in servicing, […]. .
MortgageOrb.com 02/14/2020 13:51
CaseMax, a software company that provides case management systems to law firms in the default servicing industry, recently announced a reorganization of its corporate structure, along with the promotion of a long-term employee and a new website. Specifically, CaseMax merged its implementation and support teams to provide a seamless transition for new users and improve the overall […]. .
MortgageOrb.com 02/14/2020 06:42
Mark Hughes and Ann Gibbons recently joined Evolve Mortgage Services, a provider of technology-enabled fulfillment, due diligence services and customizable software, as managing directors. Prior to joining Evolve, Hughes and Gibbons launched New Diligence Advisors (NDA), a national TPR firm. Over the past two decades, they have held leadership roles at major due diligence and […]. .
MortgageOrb.com 02/13/2020 20:47
Quicken Loans has extended its contract for Black Knight’s MSP mortgage servicing platform. In addition, Black Knight has purchased the source code for Quicken Loans’ Cyclops mortgage servicing customer relationship management (CRM) software, which it will be using as the foundation for a highly advanced customer service solution that it will be offering to clients […]. .
MortgageOrb.com 02/13/2020 18:58
First American, a provider of title insurance, has acquired Docutech, a provider of mortgage document services and technology, for around $350 million. The acquisition complements First American’s existing capabilities and industry-leading property and homeownership data, advancing its ability to provide lenders with end-to-end digital mortgage and settlement services. Docutech’s technology platform is fully integrated with […]. .
MortgageOrb.com 02/12/2020 17:15
California-based national independent lender Sierra Pacific Mortgage Co. Inc. has debuted its proprietary loan origination portal, ExpressLoan. The company says ExpressLoan features an array of customized tools that provide Sierra Pacific’s third party originator (TPO) partners with a more intuitive and modern technology experience that supports the Sierra Pacific wholesale client experience. ExpressLoan’s suite of […]. .
MortgageOrb.com 02/12/2020 06:35
Brian Robinett has joined Impac Mortgage Corp., a national lender and a subsidiary of Impac Mortgage Holdings Inc., as chief production officer. Robinett has more than 30 years of experience. He has held senior-level positions at several leading lenders and financial institutions. Most recently, he headed HSBC’s Mortgage Direct business, where he expanded an origination […]. .
MortgageOrb.com 02/11/2020 15:14
Freddie Mac’s recent “Profile of Today’s Renter and Owner” report shows that while vast majorities of renters and owners believe their current living situation is the most affordable option, issues of affordability remain pervasive. When it comes to renting, the survey finds that an unprecedented number of renters (84%) believe renting is more affordable than […]. .
MortgageOrb.com 02/11/2020 14:54
Nationally, 3.9% of mortgages were in some stage of delinquency in November 2019, representing a 0.1 percentage-point decline in the overall delinquency rate compared with November 2018, when it was 4%. CoreLogic’s monthly Loan Performance Insights Report also showed that as of November 2019, the foreclosure inventory rate was 0.4%, which was unchanged from November […]. .
MortgageOrb.com 02/11/2020 14:08
Wells Fargo Hires JPMorgan Chase Exec to Lead Home Lending Wells Fargo says Mike Weinbach is joining the company as CEO of its consumer lending operations in early May, where he will have responsibility for home lending, auto loans, credit cards and merchant services, and personal loans.
MortgageOrb.com 02/11/2020 06:20
PERSON OF THE WEEK: Today’s digital loan origination systems and point-of-sale solutions have revolutionized how consumers apply for mortgages. These systems sport automated underwriting and often employ artificial intelligence to create an online mortgage experience that is effortless for the consumer. Many are now endowed with the ability to automatically pull bank statements and use […]. .
MortgageOrb.com 02/07/2020 23:41
The U.S. economy added about 225,000 new jobs in January compared with December, while the unemployment rate was little changed at 3.6%, according to estimates from the U.S. Bureau of Labor Statistics. Notable job gains occurred in construction, health care, and transportation and warehousing. The number of unemployed persons, at 5.9 million, was changed little […]. .
MortgageOrb.com 02/07/2020 22:23
Due to falling mortgage interest rates and rising home prices, about 9.4 million homeowners currently stand to gain from refinancing their mortgages, data from mortgage software firm Black Knight shows. These are homeowners in good standing who have at least 20% equity in their homes and credit scores of 720 or higher, according to the […]. .

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