An effective client management system can help the process following an initial counseling session.
A daily video that gives you mortgage news, plus a little attitude.
KeyBank Real Estate Capital has agreed to purchase billions in commercial mortgage servicing rights from Bank of America, which will single handedly bring KeyBank’s CMBS servicing portfolio to the nation's top three.
Source: Fotolia
Housing price gains and the critical role of valuations during the recovery may require lenders to watch over an appraiser’s shoulder.
Source: Fotolia
In the post-crisis housing market appraisal reports are becoming as important as credit scores, requiring lenders and servicers to be more inventive with the tools they use to assess real estate value risks.
Source: Fotolia
The Appraiser Independence Requirements and its precursor, the Home Valuation Code of Conduct, changed the process for lenders ordering appraisals.
Source: Fotolia
Bound by law in two different ways: the expectation to comply with the new mortgage servicing rules and investor demands, mortgage servicers still are navigating through the regulatory changes.
Mortgage originators say underwriting guidelines are getting even tighter rather than looser. Image: Fotolia.
Home prices might be going up and the economy may be strengthening, but that doesn't mean lenders are making it any easier for borrowers to get a mortgage.
Aligning key mortgage servicing indicators and best practices with the Customer Financial Protection Bureau guidelines is a win-win for servicers.
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