Fitch Ratings has assigned Branch Banking and Trust an RPS3-plus residential primary servicer rating for prime loans.Fitch said the rating is based on the company's "experienced and tenured management team, capable loan administration processes, and effective use of technology." Branch Banking and Trust is based in Winston-Salem, N.C., and its largest subsidiary is Branch Banking and Trust Co. BB&T's mortgage loan servicing center is located in Greenville, S.C.
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
