Default servicing rarely breaks in one dramatic moment. It breaks between the mortgage fund or investor setting strategy, the servicer translating requirements and the law firm executing the work. Missing context becomes a missed milestone. Incomplete documentation becomes an invoice denial. Unclear ownership becomes an aging receivable. By the time the problem surfaces, each party […]
Why default servicing breaks at the handoffs Read More »
The recent rate runup has challenged mortgage production units, but some new opportunities in servicing emerged from it that have benefits for both sides of the market. Processing Content For one, some servicing valuations soared to heights not seen in years, according to Mike Carnes, managing director of the Mortgage Industry Advisory Group’s MSR valuation
How servicing businesses can get the most out of rate hikes Read More »
ICE Mortgage Technology’s move to drop a planned fee for lenders and vendors who need extra time accessing the Encompass software developer kit (SDK) after its Dec. 31 sunset reveals that adoption of the API standard has had some hiccups. Processing Content In a late-August notice to Encompass customers and partners, ICE said that for
How to ease the Encompass SDK to API transition Read More »