Loan servicing

Nelnet Reports Fourth Quarter 2023 Results

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星期二, 二月 27, 2024
Consumer, Artificial intelligence, Forecasting, Risk, Payment, Investment, Loan servicing, NNI, NRE, Disclosure, Information, Climate change, GAAP, AGM, Tax, Security (finance), Failure, Bank statement, Environment, Bank

The AGM operating segment reported net interest income of $35.6 million during the fourth quarter of 2023, compared with $58.5 million for the same period a year ago.

Key Points: 
  • The AGM operating segment reported net interest income of $35.6 million during the fourth quarter of 2023, compared with $58.5 million for the same period a year ago.
  • The average balance of loans outstanding decreased from $14.8 billion for the fourth quarter of 2022 to $12.5 billion for the same period in 2023.
  • AGM recognized a provision for loan losses in the fourth quarter of 2023 of $8.3 million ($6.3 million after tax), compared with $27.4 million ($20.8 million after tax) in the fourth quarter of 2022.
  • The company acquired $196.4 million in loans in the fourth quarter of 2023, compared with $926.3 million for the same period in 2022.

Nelnet Reports Third Quarter 2023 Results

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星期二, 十一月 7, 2023
NNI, Risk, Security (finance), Payment, NYSE, Educational technology, Information, Loan servicing, Corporation, AGM, Cyprus Securities and Exchange Commission, GAAP, Disclosure, Consumer, Bank statement, Environment, EPC, Forecasting, Forest Law Enforcement and Governance Program, Investment, Failure, Climate change, Bank, Video game, Cryptocurrency, Beauty salon, System, Nelnet

The AGM operating segment reported net interest income of $51.5 million during the third quarter of 2023, compared with $62.9 million for the same period a year ago.

Key Points: 
  • The AGM operating segment reported net interest income of $51.5 million during the third quarter of 2023, compared with $62.9 million for the same period a year ago.
  • As of September 30, 2023, Nelnet Bank had a $468.8 million loan portfolio and total deposits, including intercompany deposits, of $947.4 million.
  • Nelnet Bank recognized net income after tax for the quarter ended September 30, 2023 of $1.7 million, compared with $0.8 million for the same period in 2022.
  • The dividend will be paid on December 15, 2023, to shareholders of record at the close of business on December 1, 2023.

Nonprofit Fahe Selects MSP, Black Knight's Loan Servicing System, to Support its Commitment to Regional Housing

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星期二, 八月 29, 2023
Workflow, Black Knight, Inc., Integrated Services Digital Network, MSP, Appalachian Mountains, Delinquent, Federation, Black Knight, Loan servicing, Logic, Loss mitigation, Digital, Benchmarking, NYSE, Automation, Security (finance), Risk management, Retail, Management, Fahed Boodai

JACKSONVILLE, Fla., Aug. 29, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI) announced that Fahe, a nonprofit that serves the people and communities of Appalachia, has signed a contract for the MSP loan servicing system. MSP is Black Knight's comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default.

Key Points: 
  • MSP is Black Knight's comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default.
  • "For 40 years, Fahe has worked to create positive change to help achieve a more prosperous Appalachian region," said Ed Laurel, senior vice president of Loan Servicing, Fahe.
  • "Our MSP loan servicing system uniquely offers scalability and functionality for nonprofits, large banks, and every entity in between.
  • Additionally, the seamless integration and automation within our servicing solutions will help Fahe efficiently manage their servicing operations as they grow."

CRED iQ Launches Real-Time Distress Alerts

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星期三, 五月 17, 2023
Forecasting, CRED, Entrepreneurship, Loan servicing, CRE, Intelligence, Environment, Bank

NEW YORK and PHILADELPHIA, May 17, 2023 /PRNewswire/ -- CRED iQ, the fastest growing provider of commercial real estate (CRE) data, analytics and valuation is pleased to announce the launch of a breakthrough real-time data feed which is ideally suited for the current CRE environment. 

Key Points: 
  • Introducing CRED iQ's Daily Distress Alerts.
  • "In today's market, being among the first to be notified is a critical advantage" noted Michael Haas, Co-Founder and CEO of CRED iQ.
  • CRED iQ reported nearly $4 billion in maturity defaults alone so far this year.
  • "We listened carefully, and CRED iQ is now thrilled to deliver this exciting new capability."

Nelnet Reports First Quarter 2023 Results

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星期一, 五月 8, 2023
Partnership, NNI, Information, Failure, CARES Act, Bank statement, Risk, Payment, Disclosure, Risk management, Forest Law Enforcement and Governance Program, Consumer, AGM, GAAP, Educational technology, Forecasting, Federal Family Education Loan Program, Climate change, Investment, Loan servicing, USDS, Corporation, Security (finance), Environment, NYSE, Bank, Video game, Cryptocurrency, Beauty salon, Airline, System, Nelnet

"The results of the first quarter positions Nelnet for a bright future," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "The results of the first quarter positions Nelnet for a bright future," said Jeff Noordhoek, chief executive officer of Nelnet.
  • The AGM operating segment reported net interest income of $45.5 million during the first quarter of 2023, compared with $72.6 million for the same period a year ago.
  • Provision for loan losses in the first quarter of 2023 was impacted by management's expectations of deteriorating economic conditions and loans acquired during the quarter.
  • The dividend will be paid on June 15, 2023, to shareholders of record at the close of business on June 1, 2023.

Stay Secure and Social with TEZRO: The Ultimate Crypto App

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星期二, 三月 7, 2023
Crypto, Bitcoin, Ethereum, EOS, USTC, Shoe, ETH, Investment, CNY, Exchange, Name, Hacks, TEXT, EUR, Android, EURT, USD, Loan servicing, USDT, BTC, Cryptocurrency, System, Electronics, IOS, API, Friends, Privacy, Gift, Family, Online shopping, SGI Tezro, Euro

Additionally, Tezro's integration of various chat apps enables a more seamless and streamlined exchange of information between users.

Key Points: 
  • Additionally, Tezro's integration of various chat apps enables a more seamless and streamlined exchange of information between users.
  • In addition, The Tezro team provides an escrow service for secure interactions with consumers, partners, and vendors.
  • TEZRO Exchange - Through the app, users can exchange their digital assets, including more than 1000 cryptocurrencies, using Tezro's Exchange feature.
  • The premier crypto app, Tezro, allows users to remain safe and social.

PACE Loan Group Hires Banking Industry Veteran Karen Raitanen

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星期三, 三月 8, 2023
Bachelor of Science, Pan American Bank, Commercial property, JDRF, PLG, University of Idaho, University, Loan servicing, Management, Bank, Science

MINNEAPOLIS, March 8, 2023 /PRNewswire/ -- PACE Loan Group ("PLG") ( www.paceloangroup.com ), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced the hiring of Karen Raitanen, as Vice President of Loan Servicing.

Key Points: 
  • MINNEAPOLIS, March 8, 2023 /PRNewswire/ -- PACE Loan Group ("PLG") ( www.paceloangroup.com ), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced the hiring of Karen Raitanen, as Vice President of Loan Servicing.
  • Karen brings over 20 years of experience in the banking industry, having held various lending and management positions.
  • Her depth of understanding of all aspects of finance including loan processing, origination, underwriting portfolio loans, closing, post-closing, and loan servicing, fills out with PLG servicing team.
  • While at American Bank, Karen led a corporate consolidation, improving efficiency across the company by developing a centralized structure for loan processing and servicing.

Carrington Mortgage Services Amasses $122.1 Billion in Servicing Balances

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星期一, 十二月 19, 2022
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Organization, CMS, Growth, EVP, MSR, Loan servicing, Real estate

For a number of years, Carrington Capital Management, the asset management organization of The Carrington Companies , has diligently pursued the purchase of mortgage servicing rights (MSR) packages.

Key Points: 
  • For a number of years, Carrington Capital Management, the asset management organization of The Carrington Companies , has diligently pursued the purchase of mortgage servicing rights (MSR) packages.
  • At the close of 2010, Carrington Mortgage Services, LLC (CMS) servicing division had just over $14.3 billion in loan balances in its portfolio, representing 71,500 borrowers.
  • In addition to servicing borrower loans, Carrington can offer these borrowers its entire range of real estate and mortgage services.
  • “Crossing the $120 billion threshold is a considerable milestone for Carrington Mortgage Services, showing that we can achieve tremendous growth while staying true to our core values,” says Liz Balce, EVP, Loan Servicing for CMS.

Goal Solutions Announces Borrower Engagement Score

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星期四, 十一月 17, 2022
Algorithm, SAN, Delinquent, Data, Leg, Data visualization, Loan servicing, Multimedia, GPA, Asset management, Data science, Machine learning, Credit, Bank

SAN DIEGO, Nov. 17, 2022 /PRNewswire/ -- Goal Solutions, an innovative, award-winning financial services company has unveiled its Borrower Engagement Score, part of its industry leading Goal Portfolio Analytics (GPA) suite of machine learning and AI scoring models developed to optimize performance across all stages of the consumer loan lifecycle.

Key Points: 
  • SAN DIEGO, Nov. 17, 2022 /PRNewswire/ -- Goal Solutions, an innovative, award-winning financial services company has unveiled its Borrower Engagement Score, part of its industry leading Goal Portfolio Analytics (GPA) suite of machine learning and AI scoring models developed to optimize performance across all stages of the consumer loan lifecycle.
  • In the announcement Mark stated, "The roll out of our Borrower Engagement Score comes at an important time as consumer loan delinquencies have been stressed from the effects of higher interest rates and inflation.
  • Using expert insight, a vast dataset, and innovative tools, Goal has developed tailored algorithms based on numerous borrower credit attributes and account variables.
  • Since 2008 Goal Solutions has delivered comprehensive and customizable Loan Servicing, SPV Administration and Asset Management solutions.

Nelnet Reports Third Quarter 2022 Results

Retrieved on: 
星期一, 十一月 7, 2022
Security (finance), Educational technology, Program, Mission statement, U.S. Securities and Exchange Commission, CARES Act, Federal Family Education Loan Program, Forest Law Enforcement and Governance Program, Payment, List, AGM, Disclosure, Environment, Budget, GAAP, Risk, Federal Direct Student Loan Program, Contract, Income, School, Loan servicing, Consumer, HP EliteBook, Department, Risk management, NYSE, COVID-19, LIBOR, NNI, Attention, Renewable energy, Bank, Video game, Nelnet, System

"During the third quarter, each of our core businesses performed at a high level and delivered strong results," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "During the third quarter, each of our core businesses performed at a high level and delivered strong results," said Jeff Noordhoek, chief executive officer of Nelnet.
  • The AGM operating segment reported net interest income of $62.9 million during the third quarter of 2022, compared with $83.1 million for the same period a year ago.
  • Nelnet Bank's net income after tax for the quarter ended September 30, 2022 was $0.8 million, as compared to $0.6 million for the same period in 2021.
  • The dividend will be paid on December15, 2022, to shareholders of record at the close of business on December1, 2022.