Servicing

The market for bank-owned assets is inefficient and fragmented. Buyers have to search dozens of websites, sift through hundreds of potential leads, and track down sellers from incomplete or out of date listings to find what they are looking for.

Big banks are notorious for “hire and fire” tactics whenever there’s a hiccup in mortgage originations. Middle-market lenders can take advantage of this by pouncing on highly qualified staff they could not afford when the large banks were hiring.

PCV Murcor’s ValuationsDirect makes it easier for mortgage brokers and correspondents to not only pay for a borrower’s appraisal, but track the status of a report.

Banks are scaling back from the almost $10 trillion market for MSRs amid looming Basel III regulations.

Falling refis push the GSE’s guarantee volume to a 17-month low.

Old Republic is the only one of the big four to see its profit increase as its mortgage insurance business contributes.

Contrary to popular belief there still are plenty of profitable single-family property investment opportunities in many U.S. markets.

The plan is to bring it back to life to get it off the balance sheet.

The 14th Annual Mortgage Technology Awards Ceremony will be held at 7:30 p.m. EDT, Sunday, Oct. 27 at the Renaissance Washington, D.C. Downtown Hotel. RSVP online and share the spotlight with the industry’s leading innovators.

Purchases by non-owner-occupants are now at 14% of the home sales market.