ICE Mortgage Technology Betting on Increased Sales for 2023
Intercontinental Exchange (ICE) Collateral Technology Recorded operating income of $57 million in 2022, down from last year’s $397 million – a reflection of the constraints facing the mortgage industry. The silver lining for the business was strong sales in its Encampus loan origination software system in the fourth quarter, executives said in its latest earnings […]
PennyMac sticks to its strategy as the market continues to shrink
based in california Pennymac Financial Services The executives right-sized the company and invested in its servicing portfolio in 2022 amid a shrinking market. The company reported on Thursday that despite their efforts, profits still fell to $475.5 million last year, down from less than $1 billion in 2021. In Q4 2022, net income came in […]
Why are institutional investors flocking to mobile home parks?
in this article The data is about why institutional investors are buying mobile home parks. And that’s pretty amazing. Sam Zell, one of America’s most successful real estate investors, was right. He spotted this trend decades before the rest of us — and he’s reaping the rewards in a big way. Real Capital Analytics (RCA), […]
Maximize your tax savings with these 3 options for selling your investment property
in this article Every investor at some point asks: “Should I sell my investment property?” Whether preparing for retirement or considering cashing in on a hot seller’s market before it cools, you may want to look at all of your options. There are some important things to consider when selling an investment property and some […]
Fed gives expected 25 bps rate hike. What will happen next?
As per expectation, federal Reserve It slowed rate hikes in 2023 amid cool inflation data that raised hopes of a recovery in the housing market this year. Federal Open Market Committee (FOMC) on Wednesday afternoon decided to raise the federal funds rate by 25 basis points to a range of 4.50%-4.75%. The decision follows four […]
UWM rolls out construction-to-permanent loan
Michigan based lender composite wholesale mortgage (UWM) has introduced a build-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. Starting February 1, UWM’s one-time close construction loans will be available on 15- and 30-year fixed conventional loans and 7- and 10-year adjustable-rate mortgages […]
CoreLogic’s Digital Tax Portal Increases Payment Accuracy for Service Providers
When facing a challenging and uncertain market, service providers will naturally seek a tax vendor they can trust. CoreLogic has led the residential property tax industry for years. Today, the company leverages their experience and dynamic pricing to help its servicing customers succeed in 2023. CoreLogic’s digital tax portal provides servicers a window into the […]
Black Knight Servicing Digital helps service providers provide a convenient customer experience
Black Knight Servicing Digital is a powerful, white-label solution that allows servicers to provide consumers with information on the value of their home and how to grow and leverage wealth from their property. The solution is a convenient resource that leverages Black Knight’s vast repository of mortgage and public records data, coupled with leading analytics. […]
NTC’s PerfectDocs platform provides easy access to real-time county requirements
Lien release is included in a number of larger regulated processes related to paid-in-full loans, charge-off loans, loan forgiveness and other default-related scenarios that require the foreclosure. Each of these processes involves specific documentation, compliance requirements and service levels during payment or charge-off. Additionally, each state and county may have different requirements for documents and […]
Loan servicing product guide – HousingWire
Servicing is a complex process, and many servicers still rely on a patched-together system of solutions to get their jobs done, resulting in friction and disconnected teams. With risk and compliance on the line, service providers cannot afford to hold onto systems and processes that work less than ideal. Servicers need the technology solutions today […]
