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Subservicing's Future.(Brief Article)
With loan origination volume slowing down, lenders are paying increasing attention to ways they can hone their focus on core competencies and trim expenses. For some, that may mean outsourcing functions that can be better performed by a specialist. And subservicers are offering their expertise as one way for lenders to take advantage of the latest technology and expertise in the loan administration field.
While portfolio churning has been rampant over the past three years, the overall volume of mortgage debt outstanding has been growing as well. That's a function of record-breaking home sales and rising home values. And it means that the mortgage servicing business has been growing as well.
As a result, subservicers have seen their business opportunities grow. And as more and more mortgage companies reconsider how they do business, that trend may continue.
To reach new clients, subservicers are adding to or refining their product offerings so they can handle ...
- UICI Acquires Educational Loan Administration Group, Inc.
- Press release article from: PR Newswire December 23, 1997 700+ words
...outstanding stock of Educational Loan Administration Group, Inc. ("ELA...based and private loan servicing business of EduServe Technologies...CO: UICI; Educational Loan Administration Group, Inc.; Educational...
- Servicing Software.(technology to improve loan administration)(Brief Article)
- Magazine article from: Mortgage Servicing News December 1, 2005 700+ words
...companies to upgrade investments in technology to improve loan administration. The timing couldn't be better, because with margins...through default management, technology affecting the loan servicing business has evolved dramatically in recent years. And the environment...
- Fallout from Washington. (mortgage servicing business being closely scrutinized...
- Magazine article from: Mortgage Banking Hewitt, Janet Reilley May 1, 1992 700+ words
...Washington's shadow looms as the servicing business is eyed with more intense scrutiny...For a long time, the mortgage servicing business was a virtually invisible industry...regulators are learning more about the servicing business--which raises the odds it won...
- H&R Block Signs Definitive Agreement to Sell Option One Mortgage Servicing...
- Press release article from: Business Wire March 17, 2008 700+ words
...agreement to sell the mortgage loan servicing business of its Option One Mortgage Corporation...certain liabilities related to OOMC's servicing business, including the assets of OOMC...closing date balance sheet of the servicing business. Based on the balance sheet as it...
- AMRESCO signs letter of intent to purchase Equitable Real Estate's securitized...
- Press release article from: Business Wire July 18, 1995 700+ words
...AMMB) its securitized-mortgage servicing business, representing 22 contracts and...AMRESCO's securitized mortgage servicing business. Upon closing, AMRESCO will be...strategy to establish a master mortgage servicing business in 1991 helped successfully steer...
- New Century Returns to the Loan Servicing Business.
- News wire article from: Banking Wire Finkelstein, Brad March 29, 2004 700+ words
...the transaction with an eye towards re-entering the servicing business when it was financially able to. It kept Richard Cimino...team. So when New Century was ready to go back into the servicing business "the phones rang off the hook" with former employees...
- New Century Returns to the Loan Servicing Business.(New Century Financial Corp.)
- Magazine article from: Mortgage Servicing News Finkelstein, Brad March 1, 2004 700+ words
...the transaction with an eye towards re-entering the servicing business when it was financially able to. It kept Richard Cimino...team. So when New Century was ready to go back into the servicing business "the phones rang off the hook" with former employees...
- Wilbur Ross to Acquire Option One's Servicing Business for $1.1 Billion.
- Press release article from: PR Newswire March 17, 2008 700+ words
...acquire from H&R Block the Option One mortgage servicing business and related advances for approximately $1.1 billion...substantial portion of the employees of Option One's servicing business. Option One's facilities in Irvine, Jacksonville...
- Commonwealth Bancorp, Inc. to Exit Third Party Mortgage Servicing Business.
- Press release article from: PR Newswire July 7, 1999 700+ words
...will exit substantially all of its third-party mortgage servicing business, and has reached a definitive agreement with National...to exit substantially all of the third-party mortgage servicing business reflects our strategy to focus Commonwealth's efforts...
- American Home Mortgage Names WL Ross as Successful Bidder for American Home's...
- Press release article from: Business Wire October 5, 2007 700+ words
...platform and mortgage servicing rights. The sale of the servicing business is subject to the approval of the U.S. Bankruptcy Court...500 million. Located in Irving, Texas, the mortgage servicing business of American Home employs over 400 professionals servicing...
Source: HighBeam Research, Subservicing's Future.(Brief Article)