ServiceLink LP, a Pittsburgh-based closing management company, has announced the formation of AssetLink LP as an independent subsidiary to focus on the sale of bank-owned properties acquired through mortgage foreclosures.AssetLink will operate as a community of brokers, lawyers, and other mortgage default service providers managing every level of the real-estate-owned process, ServiceLink said. Ken Westfall, a 25-year veteran of the industry, has been named president of AssetLink. The new company is seeking brokers and attorneys nationwide to provide services from their current locations via an Internet-based platform.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
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