Mortgage servicer

S&P Global Ratings Affirms Above Average Residential Primary Servicer Ranking for LoanCare LLC

Wednesday, November 13, 2019 - 5:45pm

VIRGINIA BEACH, Va., Nov. 13, 2019 /PRNewswire-PRWeb/ --Building on momentum from additional volume and its continued operational excellence, LoanCare LLC, a ServiceLink company, has once again received an Above Average Residential Primary Servicer Ranking from S&P Global Ratings.

Key Points: 
  • VIRGINIA BEACH, Va., Nov. 13, 2019 /PRNewswire-PRWeb/ --Building on momentum from additional volume and its continued operational excellence, LoanCare LLC, a ServiceLink company, has once again received an Above Average Residential Primary Servicer Ranking from S&P Global Ratings.
  • Operating in four sites across the U.S., LoanCare is transforming mortgage servicing through its prime portfolio of nearly 1.8 million accounts.
  • S&P Global cited its experienced management team, training program, servicing metrics and average customer service answer time for the favorable ranking.
  • "We are proud of this sustained confidence in our rating from S&P," said Dave Worrall, President of LoanCare.

AHP Servicing Signs 10-Year Contract to Use Black Knight's Suite of Servicing Technologies, Including the MSP Servicing System

Wednesday, November 13, 2019 - 2:00pm

JACKSONVILLE, Fla., Nov. 13, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced today that AHP Servicing , the country's only crowdfunded residential loan servicer, has signed a contract for multiple Black Knight servicing solutions, including MSP, Black Knight's industry-leading mortgage and home equity servicing system.

Key Points: 
  • JACKSONVILLE, Fla., Nov. 13, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced today that AHP Servicing , the country's only crowdfunded residential loan servicer, has signed a contract for multiple Black Knight servicing solutions, including MSP, Black Knight's industry-leading mortgage and home equity servicing system.
  • AHP Servicing will use MSP to manage all of its mortgage servicing processes, including loan boarding, customer service, payment processing, escrow administration, default management and more.
  • "AHP Servicing is expanding its business and looking for a system to help us better service loans for our investors and borrowers.
  • "AHP Servicing chose Black Knight because our suite of innovative products can help them grow revenue, improve margins and reduce risk."

Liliana Nigrelli Honored as Diversity and Inclusion Award Finalist for Five Star’s Keystone Women in Housing Leadership Awards

Wednesday, November 13, 2019 - 2:01pm

Churchill Mortgage , a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 46 states, announced that its Chief Compliance Officer, Liliana Nigrelli, has been named a finalist for The Five Star Institutes Keystone Women in Housing Leadership Awards for Diversity and Inclusion.

Key Points: 
  • Churchill Mortgage , a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 46 states, announced that its Chief Compliance Officer, Liliana Nigrelli, has been named a finalist for The Five Star Institutes Keystone Women in Housing Leadership Awards for Diversity and Inclusion.
  • These awards honor the tremendous achievements of female business leaders within the housing and mortgage servicing industries across five different categories, including Rising Business Leader, Culture Leader, Community Leadership, Diversity & Inclusion, and Laurie A. Maggiano Legacy.
  • Finalists were honored at the annual Women in Housing Banquet, now in its eighth year.
  • Im honored to represent Churchill Mortgage and be recognized as a finalist for The Keystone Women in Housing Leadership Awards.

IndiSoft Will Continue Supporting HLP Platform into the Future

Friday, November 8, 2019 - 7:30pm

In light of HLPs recent industry announcement that it is closing operations by Dec. 31, 2019, IndiSoft LLC, the underlying technology provider for HLPs collaborative platform, is notifying the mortgage banking industry that it will continue to support the platform.

Key Points: 
  • In light of HLPs recent industry announcement that it is closing operations by Dec. 31, 2019, IndiSoft LLC, the underlying technology provider for HLPs collaborative platform, is notifying the mortgage banking industry that it will continue to support the platform.
  • HLP has been a reseller of IndiSofts patented and HUD Certified RxOffice Case Management System (RX CMS), and IndiSoft is actively working with all stakeholders on a transition plan to ensure uninterrupted service and a smooth cutover on Jan. 1, 2020.
  • IndiSoft will continue its commitment to the housing advocacy sector, residential mortgage servicing industry, consumers and State Housing Finance Agencies during and beyond this transition period.
  • Please contact either of the following IndiSoft personnel with any questions or comments.

DIMONT Highlights Significant Growth in its Investor Claims Business Line Through Its Mortgage Loss Analysis Service

Tuesday, October 29, 2019 - 1:00pm

DIMONT , the largest consolidated provider of hazard insurance claims adjusting and specialty investor claims services to the residential mortgage industry, announced today from the Mortgage Bankers Association Annual Convention & Expo that its investor claims business has grown over 250% in 2019, which included adding its Mortgage Loss Analysis Service, which is designed to help servicers determine operational and loan-level losses associated with FHA loans, minimize investor claims expenses and mitigate potentially hefty fines that often result through the investor claims process.

Key Points: 
  • DIMONT , the largest consolidated provider of hazard insurance claims adjusting and specialty investor claims services to the residential mortgage industry, announced today from the Mortgage Bankers Association Annual Convention & Expo that its investor claims business has grown over 250% in 2019, which included adding its Mortgage Loss Analysis Service, which is designed to help servicers determine operational and loan-level losses associated with FHA loans, minimize investor claims expenses and mitigate potentially hefty fines that often result through the investor claims process.
  • For mortgage servicing companies, management of investor claims represents a significant business issue as some instances of loan-level losses can exceed $9000 per case due to improper handling and analysis of the claim.
  • The potential losses associated with investor claims generally and FHA loans in particular present a significant problem for mortgage servicers and private investors, said Denis Brosnan, CEO, DIMONT.
  • Founded in 1996, Dallas-based DIMONT is the largest provider of specialty insurance and loan administration services to the residential and commercial mortgage industries in the United States.

Flagstar Bank Signs Long-Term Renewal for Black Knight's Industry-Leading MSP Loan Servicing System; Adds Proof of Claims to Support Its Default Operations

Monday, October 28, 2019 - 1:00pm

We also leverage the system to support our growing consumer loan portfolio and have been extremely satisfied with its reliability and performance."

Key Points: 
  • We also leverage the system to support our growing consumer loan portfolio and have been extremely satisfied with its reliability and performance."
  • Black Knight's MSP servicing system offers robust and scalable end-to-end functionality to help mortgage servicers manage all aspects of their servicing operations including payment processing, escrow administration, customer service and default management.
  • In addition to the MSP system, Flagstar uses Black Knight's eLending capabilities for third-party ordering services, eDocument delivery, and foreclosure/bankruptcy.
  • Flagstar will also implement Black Knight's Proof of Claims to support a consistent process with attorneys and third parties filing with the U.S. Bankruptcy Court.

Mortgage Connect Supports Expansion with Key Senior Leadership Moves as Company Diversifies Services

Monday, October 28, 2019 - 10:18am

PITTSBURGH, Oct. 28, 2019 /PRNewswire/ -- Mortgage Connect LP , a national mortgage services provider for the nation's largest financial institutions, investors and servicers, today announced key leadership moves in response to continued growth and product diversification in its Originations and Default Services, as well and expansion into other significant market segments.

Key Points: 
  • PITTSBURGH, Oct. 28, 2019 /PRNewswire/ -- Mortgage Connect LP , a national mortgage services provider for the nation's largest financial institutions, investors and servicers, today announced key leadership moves in response to continued growth and product diversification in its Originations and Default Services, as well and expansion into other significant market segments.
  • Curtis joins Mortgage Connect with an impressive background in the industry, having held executive leadership roles with Principal Residential Mortgage, Inc., CitiMortgage Inc., Wells Fargo Home Mortgage, Fidelity National Financial, ServiceLink division, and most recently as national sales manager at Orange Coast Title.
  • I am excited to join an innovative company that provides real change to the way consumers experience the mortgage process.
  • Mortgage Connect is a Pittsburgh, PA headquartered national mortgage services provider, serving the Origination, Default, Valuation, Critical Communications and Capital Markets sectors.

PHH Mortgage Expands Correspondent Lending After Successful Launch

Thursday, October 24, 2019 - 9:15pm

WEST PALM BEACH, Fla., Oct. 24, 2019 (GLOBE NEWSWIRE) -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading mortgage servicer and provider of mortgage lending solutions, announced today the expansion of its correspondent lending channel after a successful launch in June of this year.

Key Points: 
  • WEST PALM BEACH, Fla., Oct. 24, 2019 (GLOBE NEWSWIRE) -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading mortgage servicer and provider of mortgage lending solutions, announced today the expansion of its correspondent lending channel after a successful launch in June of this year.
  • Leveraging over 30 years of mortgage origination and servicing expertise with a commitment to delivering exceptional customer service and support, PHH Mortgage is expanding its correspondent lending partnerships across the nation.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage Corporation (PHH Mortgage) and Liberty Home Equity Solutions, Inc. (Liberty).
  • PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Third Quarter 2019 Financial Results

Thursday, October 17, 2019 - 9:18pm

(NYSE: TWO), a leading hybrid mortgage real estate investment trust, announced today that it will release financial results for the quarter ended September 30, 2019 after market close on November 5, 2019.

Key Points: 
  • (NYSE: TWO), a leading hybrid mortgage real estate investment trust, announced today that it will release financial results for the quarter ended September 30, 2019 after market close on November 5, 2019.
  • The company will host a conference call to review the financial results on November 6, 2019 at 9:00 a.m. EST.
  • To participate in the teleconference, please call toll-free (800) 289-0438, Conference Code 4439802, approximately 10 minutes prior to the above start time.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Brace and Palisades Announce Strategic Investment and Partnership

Tuesday, October 8, 2019 - 3:22pm

SANTA MONICA, Calif., Oct. 8, 2019 /PRNewswire/ -- Brace , a provider of mortgage servicer software solutions used to streamline complex borrower loss mitigation processes, has announced a strategic investment and partnership with The Palisades Group , a market-leading residential whole loan investment and asset management firm.

Key Points: 
  • SANTA MONICA, Calif., Oct. 8, 2019 /PRNewswire/ -- Brace , a provider of mortgage servicer software solutions used to streamline complex borrower loss mitigation processes, has announced a strategic investment and partnership with The Palisades Group , a market-leading residential whole loan investment and asset management firm.
  • "Palisades is excited to be working in partnership with Brace.
  • Recently Brace was selected from a crowded field of emerging fintech companies by Flagstar Bank to participate in Flagstar's first ever Mortgage Tech Accelerator.
  • Given Palisades' unique position within the market, the partnership enhances Brace's relationship with servicers and provides sophisticated insight into investor needs.