Author name: Ricky Vasquez

Lenders & servicers: navigating the 2026 “Super El Niño”

Flood zones no longer mark the boundary of storm risk. As weather patterns intensify, servicers are getting ahead of it, reaching clients before disaster strikes and building plans for forbearances, inspections, and insurance claims. Processing Content “Make sure there’s educational materials internally and externally so the worst possible scenario is planned for,” said Jane Mason, […]

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Pennymac profit drops in Q2 as rates bite, layoffs follow

PennyMac Financial Services on Wednesday reported second-quarter 2026 net income of $22 million, down 84% from a year earlier and sharply lower than its first-quarter net income of $82.3 million, as higher interest rates reduced mortgage production volume and weighed on profitability. The company’s weaker quarter came in tandem with layoffs by the Westlake Village,

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Cloze unveils app to capture, organize open house leads

Cloze has introduced an Open House app for its Enterprise customers that automatically captures visitor information at property showings and feeds it into the company’s customer relationship management system, aiming to simplify follow-up with prospective buyers. The app replaces traditional paper sign-in sheets with digital check-ins that create contact records, log attendance and collect visitor

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