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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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
6h ago -
Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
6h ago -
Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
7h ago -
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
10h ago -
NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
September 14 -
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
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