Mortgage servicer

U.S. Foreclosure Activity Declines As Government Moratorium Passes One-Year Mark

Retrieved on: 
Tuesday, May 11, 2021
Mortgage, United States housing bubble, Finance, Money, Economy, Foreclosure, Real property law, Urban decay, Mortgage servicer, Forbearance, Mortgage loan, CARES Act

"Coupled with the CARES Act mortgage forbearance program, the government and mortgage servicing industry have worked together exceptionally well to prevent millions of unnecessary foreclosures.

Key Points: 
  • "Coupled with the CARES Act mortgage forbearance program, the government and mortgage servicing industry have worked together exceptionally well to prevent millions of unnecessary foreclosures.
  • "\nNationwide one in every 11,636 housing units had a foreclosure filing in April 2021.
  • Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter.
  • The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously.

FICS® Hosts 34th Annual Users’ Conference, Promotes Education in Technology for Continued Success

Retrieved on: 
Tuesday, May 11, 2021
Professional services, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Software, Finance, Construction & Property, Mortgage, Loans, Loan servicing, XC2, Mortgage servicer, Servicing, FICS

b'FICS\xc2\xae (Financial Industry Computer Systems, Inc.), a leading mortgage loan origination software , residential servicing software and commercial servicing software provider, recently hosted its 34th Annual Users\xe2\x80\x99 Conference.

Key Points: 
  • b'FICS\xc2\xae (Financial Industry Computer Systems, Inc.), a leading mortgage loan origination software , residential servicing software and commercial servicing software provider, recently hosted its 34th Annual Users\xe2\x80\x99 Conference.
  • Special sessions featured comprehensive overviews of the system functionality in Loan Producer\xc2\xae, Commercial Servicer\xc2\xae, and Mortgage Servicer\xc2\xae.
  • Anita Brinkman, Manager of Servicing and Reporting for Rose Community Capital, said, \xe2\x80\x9cWith the 2021 FICS Users\xe2\x80\x99 Conference being virtual, I didn\xe2\x80\x99t know what to expect.
  • It wasn\xe2\x80\x99t the typical conference where we got to see everyone and interact with the FICS staff and other users in person, but it was filled with so much information.

CMI Financial Group Recognized as Fastest Growing Company, Best Mortgage Employer

Retrieved on: 
Tuesday, May 4, 2021
Finance, Money, Mortgage broker, Mortgage loan, Mortgage servicer, Financial services

b'TORONTO, May 4, 2021 /CNW/ -CMI Financial Group (CMI), Canada\'s premier private mortgage lender, announced today that it has been recognized with the 2021 CanadianSME National Business Award for Fastest Growing Company and has also been named to Canadian Mortgage Professional\'s (CMP) Best Mortgage Employers in Canada 2021 list.\nThe CanadianSME National Business Awards celebrate the crucial role small businesses play in powering Canada\'s economy.

Key Points: 
  • b'TORONTO, May 4, 2021 /CNW/ -CMI Financial Group (CMI), Canada\'s premier private mortgage lender, announced today that it has been recognized with the 2021 CanadianSME National Business Award for Fastest Growing Company and has also been named to Canadian Mortgage Professional\'s (CMP) Best Mortgage Employers in Canada 2021 list.\nThe CanadianSME National Business Awards celebrate the crucial role small businesses play in powering Canada\'s economy.
  • Among this group, the Fastest Growing Company award recognizes exceptional business growth achieved through strategic business planning and innovation.
  • "\nFounded in 2005 as a family-owned mortgage brokerage, CMI Financial Group (CMI) has grown to become a multi-facetedaward-winning leader in the Canadian non-bank financial services market.
  • Comprised of four sister brands CMI Canadian Mortgages Inc., CMI Mortgage Investments, CMI MIC Funds and CMI Mortgage Servicing it is one of the fastest-growing companies in Canada and was named to Maclean\'s prestigious Growth List (formerly the Growth 500 list) in both 2019 and 2020.

PennyMac Financial Services, Inc. Announces Date for Release of First Quarter 2021 Results and Investor Day

Retrieved on: 
Thursday, April 29, 2021
Banking, Professional services, Finance, PennyMac Financial Services, Mortgage servicer, New York Stock Exchange, Service companies, Financial services in the United States

b'PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2021 in a news release to be issued after the market close on Thursday, May 6, 2021.

Key Points: 
  • b'PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2021 in a news release to be issued after the market close on Thursday, May 6, 2021.
  • The release will be available online at www.ir.pennymacfinancial.com .\nThe Company\xe2\x80\x99s executives will review the results in a recorded presentation.
  • The event will begin at 12:00 p.m. Eastern Time and is expected to conclude at approximately 3:00 p.m. Eastern Time.
  • As of December 31, 2020, PennyMac Financial serviced loans totaling $427 billion in unpaid principal balance, making it the sixth largest mortgage servicer in the nation.\nAdditional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210429005268/en/\n'

Navy Federal Expands Partnership with Black Knight; Largest Credit Union Signs Extension for MSP Servicing System, Adds Servicing Digital Solution

Retrieved on: 
Thursday, April 29, 2021
Black Knight, Brooklyn, Jacksonville, Fidelity National Financial, Navy Federal Credit Union, Mortgage servicer, Service companies, Companies

b'JACKSONVILLE, Fla., April 29, 2021 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that Navy Federal Credit Union , which serves over 10 million members globally and is the world\'s largest credit union, has extended its contract to use Black Knight\'s industry-leading MSP servicing system.

Key Points: 
  • b'JACKSONVILLE, Fla., April 29, 2021 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that Navy Federal Credit Union , which serves over 10 million members globally and is the world\'s largest credit union, has extended its contract to use Black Knight\'s industry-leading MSP servicing system.
  • MSP is used by financial institutions to service approximately 36 million active loans more than any other in the mortgage industry.
  • The scalable system, which helps Navy Federal manage all mortgage servicing processes, can accommodate virtually any size portfolio and includes award-winning client support services.\nAdditionally, the credit union will begin to offer Black Knight\'s Servicing Digital solutionto its members.
  • "\nEstablished in 1933 with only seven members, Navy Federal now has the distinct honor of serving over 10 million members globally and is the world\'s largest credit union.

Nations Landing Readies Itself for Joint Venture Business with Addition of Key Hire

Retrieved on: 
Thursday, April 29, 2021
Mortgage industry of the United States, Finance, Money, Loans, Financial services, Fannie Mae, Government National Mortgage Association, Loan servicing, Mortgage loan, Mortgage servicer, Freddie Mac, Sun West Mortgage

b'INDEPENDENCE, Ohio, April 29, 2021 /PRNewswire/ -- Nations Lending , a leading national full-service mortgage lender, has continued to build on its year-over-year growth with dozens of new branch openings.

Key Points: 
  • b'INDEPENDENCE, Ohio, April 29, 2021 /PRNewswire/ -- Nations Lending , a leading national full-service mortgage lender, has continued to build on its year-over-year growth with dozens of new branch openings.
  • She handled some of the most complicated aspects of the business, from state licensing and government approvals to investor set-up and compliance.
  • "We jumped at the opportunity to bring her on for this reason.
  • Nations is an agency-direct lender with Fannie Mae, Freddie Mac and Ginnie Mae and retains mortgage servicing rights on 96 percent of the loans it originates.

Ocwen Financial Provides Business Update and Preliminary First Quarter 2021 Results

Ocwen, Mortgage servicer, GAAP

b'WEST PALM BEACH, Fla., April 28, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (\xe2\x80\x9cOcwen\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading non-bank mortgage servicer and originator, today provided preliminary information regarding its first quarter 2021 results and progress on the Company\xe2\x80\x99s key business priorities.

Key Points: 
  • b'WEST PALM BEACH, Fla., April 28, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (\xe2\x80\x9cOcwen\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading non-bank mortgage servicer and originator, today provided preliminary information regarding its first quarter 2021 results and progress on the Company\xe2\x80\x99s key business priorities.
  • First quarter funded volume and letters of intent for bulk purchases total roughly 50% of this target.
  • Forbearance levels in owned portfolio continue to compare favorably to Plan and other servicers.\nOcwen will hold a conference call on Thursday, April 29, 2021 at 8:30 a.m. (ET) to review the Company\xe2\x80\x99s preliminary first quarter 2021 operating results and to provide a business update.
  • Other companies may use non-GAAP financial measures with the same or similar titles that are calculated differently to our non-GAAP financial measures.

Ocwen Financial Schedules Conference Call – Preliminary First Quarter 2021 Results and Business Update

Ocwen, Mortgage, PHH Corporation, Mortgage servicer, Loan servicing, Finance, Financial services, Economy

b'WEST PALM BEACH, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (\xe2\x80\x9cOcwen\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, April 29, 2021 at 8:30 a.m. (ET) to review the Company\xe2\x80\x99s preliminary first quarter 2021 operating results and provide a business update.\nAll interested parties are welcome to participate.

Key Points: 
  • b'WEST PALM BEACH, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (\xe2\x80\x9cOcwen\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, April 29, 2021 at 8:30 a.m. (ET) to review the Company\xe2\x80\x99s preliminary first quarter 2021 operating results and provide a business update.\nAll interested parties are welcome to participate.
  • You can access the conference call by dialing (877) 407-0792 or (201) 689-8263 approximately 10 minutes prior to the call.
  • PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs.
  • Liberty is one of the nation\xe2\x80\x99s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.

Planet Home Lending Promotes John Bosley to President, Mortgage Lending

Retrieved on: 
Tuesday, April 20, 2021
Loans, Mortgage servicer, Mortgage loan, Finance, Financial services, Economy, PennyMac Financial Services, Sabal Financial Group

b'MERIDEN, Conn., April 20, 2021 /PRNewswire/ -- Planet Home Lending , LLC, a national lender and servicer, has named John Bosley as President, Mortgage Lending.

Key Points: 
  • b'MERIDEN, Conn., April 20, 2021 /PRNewswire/ -- Planet Home Lending , LLC, a national lender and servicer, has named John Bosley as President, Mortgage Lending.
  • I\'m confident he is the right person to lead and elevate Planet\'s Mortgage Lending division," said Sandra Jarish, Planet Home Lending President, Servicing.
  • I know John will quickly bring in the home loan volume and mortgage servicing rights to take advantage of that capacity.
  • "\nBefore joining Planet Home Lending, Bosley worked for a national retail lender.

PennyMac Financial Services, Inc. Announces Date for 2021 Annual Meeting of Stockholders

Retrieved on: 
Wednesday, April 14, 2021
Banking, Professional services, Finance, Loans, PennyMac Financial Services, Finance, Mortgage servicer, Unpaid principal balance, Mortgage loan, Financial services

b'PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2021 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, June 3, 2021 virtually by means of a live webcast.

Key Points: 
  • b'PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2021 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, June 3, 2021 virtually by means of a live webcast.
  • Stockholders of record as of the close of business on April 6, 2021 are entitled to receive notice of, to attend, and to vote at the virtual annual meeting.\nStockholders who wish to participate can visit www.virtualshareholdermeeting.com/PFSI202 1 and enter the 16-digit control number included on the proxy card, voting instruction form, notice of internet availability of proxy materials or previously received email.
  • For the year ended December 31, 2020, PennyMac Financial\xe2\x80\x99s production of newly originated loans totaled $197 billion in unpaid principal balance, making it the third largest mortgage lender in the nation.
  • As of December 31, 2020, PennyMac Financial serviced loans totaling $427 billion in unpaid principal balance, making it the sixth largest mortgage servicer in the nation.\nAdditional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210414005937/en/\n'