Entries by Tony Garritano

Foreclosures Drop To 13-Year Low

ATTOM Data Solutions released its Year-End 2018 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 624,753 U.S. properties in 2018, down 8 percent from 2017 and down 78 percent from a peak of nearly 2.9 million in 2010 to the lowest level since […]

Law Firm Ivey & Eggleston Embraces Digital Closings

Pavaso, creator of a complete digital mortgage closing platform, is pleased to announce that Ivey & Eggleston, an Asheboro, North Carolina law firm, has selected Pavaso’s technology to conduct its digital closings.  Featured Sponsors:   Ivey & Eggleston offers representation in a wide variety of legal matters, including real estate transactions for both the residential […]

Radian Acquires Five Bridges Advisors

Radian Group Inc. has acquired Five Bridges Advisors, LLC, a developer of proprietary software, data analytics and predictive models leveraging artificial intelligence, machine learning and traditional econometric techniques. Featured Sponsors:   The acquisition is consistent with Radian’s growth and diversification strategy, as well as its focus on the core product offerings of its Title, Mortgage […]

Lender Helps Those Impacted By The Shutdown

Not everyone is throwing a tantrum. Some are coming up with solutions. For example, Freedom Mortgage is offering help to its borrowers who are struggling to make their mortgage payments because of the federal government shutdown. Featured Sponsors:   The shutdown, which began December 18, affects government workers as well as government contractors and vendors. […]

Banking Fintech Acquisition Comes Together

nbkc bank announced its investment in two Bay-area fintech companies. The announcement comes on the heels of the bank’s launch of Fountain City Fintech, an accelerator providing financial technology startups with an agile bank partner, compliance expertise and infrastructure for scale during its 75-day curriculum.  Featured Sponsors:   ProPair uses artificial intelligence (AI) to optimize […]

SecurityNational Mortgage Implements A Fully Paperless Closing Process

SecurityNational Mortgage Corporation (SNMC), an independent national mortgage banker, has successfully rolled out DocMagic’s comprehensive Total eClose platform. Since rolling out Total eClose in September, SNMC has reduced borrower time at the closing table to as little as 15 minutes, and become one of the first national lenders to offer a true eClosing solution that involves no paper […]

A New Way Of Looking At Things

By Tony Garritano

Servicers Expect To See Growth And Increased Delinquencies In Their FHA Portfolios

Altisource has released its 2018 report, “The State of the Servicer Industry.” The report highlights results from the third annual Default Servicing Survey, a survey of over 200 mortgage default servicing professionals.  With the general decline in inventory over the past five years, servicers are expressing interest in working with larger service providers who offer end-to-end capabilities. Featured […]

Defect Trends Indicate Continued Lender Downsizing

ACES Risk Management (ARMCO), a provider of enterprise financial risk management solutions, released its quarterly ARMCO Mortgage QC Trends Report. The latest report provides loan quality findings for mortgages reviewed by ACES Audit Technology during the second quarter (Q2) of 2018. Featured Sponsors:   The report’s noteworthy findings for Q2 2018 include: Continuation of several defect trends: >>A significant quarter-over-quarter […]

Home Appreciation Continues

By Tony Garritano