Servicing

Equifax restoring The Work Number portal with beefed-up security

Equifax continues work to add new security features and restore full access to The Work Number following a report highlighting potential security vulnerabilities in a browser-based portal of its employment verification service.

Data breaches Bonnie Sinnock October 20

Data breaches Bonnie Sinnock October 20
LoanCare is now subservicing mortgages with eNotes

LoanCare, a Virginia Beach, Va.-based subservicer, can now service mortgages registered with MERS as e-notes by using DocMagic's e-vaulting technology.

Online mortgages Brad Finkelstein October 20

Online mortgages Brad Finkelstein October 20
White Paper Third-party service provider oversight: How to navigate the pitfalls

Lenders and servicers continue to shift critical functions to third party service providers in order to lower costs and focus on core competencies. However, effectively managing third party service providers can be very challenging from a compliance, operational and technological perspective. While this has always been the case, it is about to become more important as federal regulators have indicated that they are going to increase their supervision of service providers.

Servicing systems September 22

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Servicing systems September 22
Freddie Mac revises requirements for income-based student loans

The way lenders need to submit payment information on certain student loans in order to calculate a borrower's monthly debt-to-income ratio is changing at Freddie Mac.

GSEs Bonnie Sinnock October 19

GSEs Bonnie Sinnock October 19
MGIC's 3Q profits up 112% as losses incurred fall by over 50%

MGIC Investment Corp.'s third-quarter net income of $120 million was more than double the $56.6 million for the same period last year as its losses incurred fell by over 50%.

PMI Brad Finkelstein October 18

PMI Brad Finkelstein October 18
7 things to look for at #MBAAnnual17

From debating the future compliance landscape to developing a digital mortgage strategy, here's a preview of the top issues, ideas and themes on tap when the industry convenes in Denver for the Mortgage Bankers Association's Annual Convention & Expo.

Law and regulation Brad Finkelstein October 17

Law and regulation Brad Finkelstein October 17
Mortgage default rates inch up closer to year-ago levels

Mortgage defaults keep rising and are getting much nearer to where they were in 2016 as damage from natural disasters continues to add to slight upward pressure on credit.

Mortgage defaults Bonnie Sinnock October 17

Mortgage defaults Bonnie Sinnock October 17
Nevada senators seek mortgage help for Las Vegas shooting victims

Sens. Dean Heller and Catherine Cortez Masto of Nevada called on mortgage industry leaders to provide relief and financial assistance to victims of the Oct. 1 mass shooting at the Route 91 Harvest Festival in Las Vegas.

Mortgage defaults Elina Tarkazikis October 16

Mortgage defaults Elina Tarkazikis October 16
Vulnerabilities in Equifax's The Work Number raise new security doubts

Recently exposed security vulnerabilities in an Equifax tool used extensively in the mortgage industry are raising new questions about the reliability and veracity of the beleaguered credit bureau's employment verification service.

Data security Bonnie Sinnock October 13

Data security Bonnie Sinnock October 13
B of A beefs up rep and warrant reserves ahead of mortgage settlement

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.

Penalties and fines Austin Kilgore October 13

Penalties and fines Austin Kilgore October 13

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