What's the "right" employee-to-loan ratio for servicing firms that are trying to slog through a portfolio of non-performing or "high touch" mortgages? It all depends on who you ask. One west coast investor I know said his ratio is 1:25. Some firms consider 1:100 sufficient while others think 1:50 is fine. The ratio also depends on just how bad your mortgages are. Any thoughts on the ratio, drop me a line at:
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The buyer will add around 800,000 loans to its hefty servicing portfolio, while Valon said it will shift away from servicing to focus on technology.
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The new law, which will mandate the Bureau of Indian Affairs to approve or deny loan applications within 30 days, passed with wide bipartisan support.
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The real estate technology company reduced its workforce and consolidated select vendor relationships. These moves will save the company roughly $2 million.
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The lenders' examples of using generative artificial intelligence were more practical than transformational, but in any case data challenges represent a common problem.
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The 30-year fixed spiked earlier in the week, but fell as Middle East news helped to drive the 10-year Treasury yield lower by 9 basis points by Wednesday.
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The lender says it's willing to "cut costs deeper" if macroeconomic conditions hinder it from reaching a breakeven adjusted EBITDA goal later this year.
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