Ocwen Acquisition of PHH On Verge of Close
Ocwen Financial Corp. is on the verge of closing on its acquisition of ailing PHH Mortgage Corp. Regulatory approval of the transaction specifies the type of servicing platform Ocwen can use.
Best Mortgage Jobs
Among the hundred best jobs in the nation are several that are found at home lenders -- including positions in compliance and technlogy. Also making the list were loan originators.
Ellie Says New Service Cuts Turn Times by 3 Days
Developers of a technology platform that enables consumers to complete the steps in the home loan process without an originator are reporting that the platform has cut its clients' turn times by three days.
Artificial Intelligence For The Mortgage Industry
A host of offerings that utilize artificial intelligence to help mortgage firms become more efficient, cut costs and reduce risk have been recently launched. But there are some caveats.
What Borrowers Want From Digital Mortgage Process
With most prospective borrowers doing online research before beginning the mortgage process, home lenders can see big benefits from changes in their digital lending processes.
LOS, Correspondents Weigh Down Chase Jumbo Rating
A weak loan origination system and an increase in the share of delegated correspondent business has the originator rating of JPMorgan Chase & Co.'s banking subsidiary being downgraded.
Digitization in Non-Bank Home Lending
A report from the Department of the Treasury highlights technological advances made in financial services and offered recommendations for non-bank firms.
loanDepot's Jumbo Performance Strong, Conv Weak
loanDepot LLC does an excellent job of using technology to generate new business. But while its jumbo performance is strong, its conforming performance is considered weak.
HouseCanary Fires Back at Amrock's Fraud Accusations
HouseCanary is firing back at accusations made by Amrock Inc. that it used fraud to obtain a massive judgment -- suggesting Amrock might be behind stalking of HouseCanary employees.
Fraud Alleged by Quicken Affiliate in Huge Lawsuit
A valuation affiliate of Quicken Loans Inc. is accusing HouseCanary of using fraud to obtain a more than $700 million verdict in an ongoing lawsuit.