Servicing

The field service company’s contractors can make face-to-face contact with a borrower to help determine if he or she is actively serving in the military.

Special servicers work with information from multiple sources and they have to ensure quick and accurate dissemination of that data within its organization, which creates numerous data management challenges.

Forget refinancing. A new hypothesis suggests targeted modifications would be much more effective in easing the negative equity crisis.

Bank of America is offering $22 million in grants to nonprofit agencies across the country that offer foreclosure prevention services and build and repair affordable housing.

Mortgage vendor Nationwide Title Clearing is continuing to hire new employees, adding 66 full-timers in the second quarter.

By now you’ve read the stories on the National Mortgage News website about private equity sniffing around the mortgage industry the past two years – and the chatter about some firm with $1 billion to spend. We don’t yet know the name of that fund but it’s interesting gossip nonetheless.

Fidelity National Financial saw a 30% increase in business as new residential title orders in the second quarter totaled 667,500 versus 514,000 in 2Q11.

CoreLogic earned $41 million off revenue of $389 million during the second quarter of 2012—new records for the company which was spun off from the First American Corp. in June 2010.

Wells Fargo, the country’s largest wholesaler, joins JPMorgan Chase in jettisoning wholesale.

At least two bidders remain for the $30.8 billion of Freddie Mac mortgage servicing rights once owned by the now-defunct Taylor, Bean & Whitaker.