While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call
The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
In a coup for Black Knight, the deal is the latest in a growing trend as lenders see servicing as a way to smooth out revenue and retain past customers when they refinance or buy their next home
Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. The company has announced several similar deals in months past
'Bank-on-your-phone experience' lets consumers manage entire homeownership lifecycle from any device
Predatory lending experience keeps getting worse
Tool gives distressed-asset managers insight into borrower behavior, risk
State attorneys general continue with separate probe
Regulators eyeing national standards for loan servicers
Delinquent borrowers to get $108M in refunds from BofA
FTC proposes ban on advance fees for help with loan mods