Fiserv Inc. said it has enhanced its loan servicing platform product so that it can now manage indirect and other third-party loans. The single-platform capability broadens the spectrum of loans to be processed and provides online, real-time back-office transactions for diverse portfolios, Fiserv said at the MBA Servicing Conference in Tampa, Fla. The Fiserv 'Loan Servicing Platform' is designed to manage all current types of indirect financing, including same-as-cash and staged funding loans that manufacturers, distributors and retailers may offer to borrowers.
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Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
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Berkshire Hathaway's HomeServices is adding mortgage servicing to Prosperity Home Mortgage. The move locks purchase borrowers into its ecosystem, cutting off external lenders from future refi retention opportunities.
6h ago -
The fee was to be paid by users who still needed short-term access via software developer kit interfaces to Encompass after the scheduled Dec. 31 sunset.
10h ago -
The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
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Data moving outside of physical documents in the secondary mortgage market is adding millions to costs per year, according to the Housing Policy Council.
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The lender is seeking a temporary restraining order on its founder to halt his shareholder rally, suggesting he could complete his corporate takeover soon.
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