Technology

Mortgage Master one of the largest privately held nonbanks in the nation, estimates its originations will grow 27% this year to $7 billion.

According to a sample of survey figures being collected by NMN, some firms grew their mortgage servicing rights' portfolios by fourfold or more over the past 12 months.

• CFPB Disclosure Redesign • Product and Investor Data • International Mortgage Tech • Universal Lending Systems

Cole Taylor Mortgage executed on its diversification strategy in the second quarter by adding seven branches from another lender, plus by buying mortgage servicing rights.

The CFPB is working on a real estate issue that gets to the core of its purpose: transparency and better disclosures of costly loan process fees.

It is widely recognized throughout the industry that short sale completions are increasing.

A consultant with Potomac Partners told National Mortgage News that the "System for Award Management" seems to be running a bit better.

Impac Mortgage Holdings, Irvine, Calif., expects to post a profit when it reports second quarter earnings on Wednesday, and continues to expand its lending and servicing operations, the company said in a recent SEC filing.

A General Services Administration website that FHA lenders must check before approving loans crashed Monday and has been down most of the week, delaying mortgage closings, National Mortgage News has learned.

Lenders of all sizes are looking into becoming servicers, bringing us full circle back to the days when virtually every lender serviced their own loans.