The Mortgage Bankers Association is adding a Certified Mortgage Servicer program to its CampusMBA suite of industry training and educational programs.The program, which includes education and certification tracks in loan administration, financial controls/investor reporting, and default administration, was announced at the MBA National Mortgage Servicing Conference in Orlando, Fla. Dan Thoms, the MBA's vice president of education, told MortgageWire that the program will include a series of achievement and educational designations aimed at promoting professionalism in the mortgage servicing sector.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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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.
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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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