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Loan buybacks

Sun West sues FNB over reverse mortgage repurchases

HECM, HWmember, Lawsuit, Legal, Loan buybacks, Mortgage, Reverse, Reverse Mortgage Daily, Sun West Mortgage Company /

Sun West Mortgage Co. (SWM) has filed a lawsuit against First National Bank of Pennsylvania (FNB) for failing to repurchase two reverse mortgages worth more than $850,000 from Fannie Mae, alleging a breach of a 2017 settlement agreement.  The case involves reverse mortgages transferred from a bank acquired by FNB to Sun West. Fannie Mae […]

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LoanLogics finds persistent 11.5% error rate in US mortgage files

HWmember, Loan buybacks, LoanLogics, Mortgage, Non-QM, quality control, Technology /

Audit software and automation solutions company LoanLogics announced Tuesday that 11.5% of all U.S. mortgage file content was missing or erroneous over the past 10 years, according to an analysis of internal data. LoanLogics provides technology used to originate, manufacture, audit and service loans. Its systems process more than half of all U.S. mortgages each

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