At a time when loan servicers are being inundated with questions on borrower loan status, loan modifications and other customer service issues, ISGN Corp., a global mortgage solutions company, has released its Customer Service Portal System that provides borrowers, lenders, investors and attorneys with self-service 24/7 access to active and inactive loan data. The portal includes data such as tax and insurance information, escrow analyses and year-end, current and historical loan data, regardless of the servicing system used. The Customer Service Portal can integrate into any loan servicing system platform, and can be private labeled for any lender or servicer. The system utilizes secure Internet technology to ensure data safety and confidentiality, and automatically collects and displays updates of borrower information, directly from the company's servicing application.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
July 24 -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
July 24 -
The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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