Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
-
Robotic process automation makes cumbersome loan manufacturing tasks more efficient and consistent, providing lenders and servicers with an opportunity to focus employees on activities that enhance the customer experience and increase capacity.
By Jacob PassyApril 13 -
By replicating human tasks, robotic process automation technology is driving scale and efficiency in loan manufacturing.
By Jacob PassyApril 11 -
Mortgage lenders have already begun to feel the burn of higher interest rates.
By Jacob PassyMarch 21 -
Loans originated in the fourth quarter of 2016 carried less credit risk, according to the latest Housing Credit Index from CoreLogic.
By Jacob PassyMarch 21 -
First- and second-lien mortgage default rates increased slightly in February, according to the S&P/Experian Consumer Credit Default Indices.
By Jacob PassyMarch 21 -
Economic growth expectations remain the same despite the rate hike the Federal Reserve is expected to announce, Fannie Mae said Wednesday.
By Jacob PassyMarch 15 -
Fannie Mae has begun accepting bids on its second sale of reperforming loans.
By Jacob PassyMarch 14 -
HSBC has met the consumer relief requirements set out under the National Mortgage Settlement, according to the latest report from the settlement's monitor.
By Jacob PassyMarch 14 -
Fannie Mae has chosen the winners of its latest nonperforming loan sales, which included 9,400 loans with $1.68 billion in unpaid principal balance.
By Jacob PassyMarch 14 -
The Department of Housing and Urban Development and Alpine Bank & Trust have reached an agreement to resolve claims that the lender discriminated against African-American and Hispanic mortgage applicants.
By Jacob PassyMarch 10