Servicing

To increase online banking efficiency USAlliance Federal Credit Union has partnered with cross-selling technology provider Micronotes.

Bell State Bank & Trust has completed the purchase of the Business Bank, including its Prime Mortgage division.

Federal regulators are warning banks and thrifts that they must comply with a flood insurance law passed last year that imposes penalties of $2,000 a day for failing to follow the force-placement provisions.

Effective April 1, insurance premiums on FHA loans will go up challenging borrowers and lenders to choose between federally insured loans and private insurance options.

The California attorney general has provided the National Housing Law Center a $1 million grant to spread the word about a new mortgage servicing law.

As Max Valdes retires after 25 years with the company, First American Financial Corp. is replacing him with Mark Seaton.

Instead of renewing an exclusivity clause with NextJob, Fifth Third has agreed to make NextJob’s Homeowner Reemployment program available to all financial institutions.

Genworth Financial is selling its wealth management business to the Aquiline Capital Partners-Genstar Capital partnership.

CampusMBA has restructured its School of Mortgage Servicing courses introducing a more updated and cost-effective online format.

Servicers completed 54,000 foreclosures in February, down 7% from January and down 19% from a year ago.