Technology

Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first—but barely growing its market share.

These days, many lenders’ licensing and legal departments are larger than what they were budgeted for, and adding efficiency without adding head count to the back office must be a priority.

FCI Lender Services recently took in $106.5 million worth of servicing assignments on nonperforming loans pools purchased by private investors.

NMN sister publication Mortgage Technology has recognized top-performing industry companies for more than a decade, dating back to when its “Top 100 Technology Vendors” list debuted in the July 2002 issue.

Regardless of your position on the use of MERS as a nominee for the lender, creating a shared, accessible database of record is another reason why lenders and servicers have worked diligently to certify the accuracy of the data entered in the MERS database.

The Census Bureau said the number of housing units in the U.S. increased a scant 0.36% last year to 132.3 million.

U.S. consumers owed $8.995 trillion on their residential loans at the end of March – the lowest debt figure recorded in almost five years, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

Foreclosure filings in May exceeded the 200,000 mark for the first time in three months as more servicers moved to take possession of real estate collateralized by delinquent home mortgages.

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Among Telrock’s lending clients, 40% of borrowers who were contacted through a mobile service paid directly through the device within 30 minutes of receiving the alert.