Servicing

Require Holdings has announced that it has completed its acquisition of Service 1st Valuation and Settlement Services Inc.
Require Holdings has announced that it has completed its acquisition of Service 1st Valuation and Settlement Services Inc. Service 1st is a provider of valuation risk management services, including: Desk reviews, valuation risk analysis, field reviews and market data.   The company will be a wholly... Keep Reading....
Ocwen Financial Corporation has announced that it is working with New Residential towards an agreement that would further solidify and enhance the business relationship between the two companies
Ocwen Financial Corporation has announced that it is working with New Residential towards an agreement that would further solidify and enhance the business relationship between the two companies. The proposed new agreement relates to approximately $117 billion in mortgage servicing rights (MSRs),... more
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Ocwen Financial Corp. and its subsidiaries, accusing the company of “failing borrowers at every stage of the mortgage servicing process.” The CFPB noted that the Florida Attorney General and “many state financial regulators... more
Lenders Compliance Group (LCG), a nationwide risk management and compliance support firm, has announced the establishment of Servicers Compliance Group
Lenders Compliance Group (LCG), a nationwide risk management and compliance support firm, has announced the establishment of Servicers Compliance Group, a new practice area devoted to mortgage servicing compliance.   The unique feature of the new practice area is its concentration on interacting... more
After settling with the State of California Department of Business Oversight last month
After settling with the State of California Department of Business Oversight last month, Ocwen Financial Corporation and, its subsidiary, Ocwen Loan Servicing LLC, announced in an 8-K filing that it has entered into a 2017 Consent Order with the New York State Department of Financial Services that... more