Servicing

Citigroup has announced that it has executed agreements that will accelerate the transformation of the U.S. mortgage business by exiting servicing operations by the end of 2018
Citigroup has announced that it has executed agreements that will accelerate the transformation of the U.S. mortgage business by exiting servicing operations by the end of 2018 to intensify focus on originations. The strategic action is intended to simplify CitiMortgage’s operations, reduce... Keep Reading....
​Ocwen Financial Corporation has announced that current independent director Phyllis R. Caldwell will replace Barry N. Wish as chair of the company’s Board of Directors
Ocwen Financial Corporation has announced that current independent director Phyllis R. Caldwell will replace Barry N. Wish as chair of the company’s Board of Directors. The Board of Directors made this change to provide for a smooth and orderly transition after Wish informed the board that he did... more
The fourth quarter of 2015 experienced a double decline in mortgage originations and foreclosures, according to a pair of new data reports
The fourth quarter of 2015 experienced a double decline in mortgage originations and foreclosures, according to a pair of new data reports. RealtyTrac’s U.S. Residential Property Loan Origination Report found approximately 1.6 loans were originated on one-to-four-unit residential properties in the... more
WFG Lender Services (WFGLS), a Williston Financial Group company, has added Jerry Testa as a national sales director
WFG Lender Services (WFGLS), a Williston Financial Group company, has added Jerry Testa as a national sales director. Testa will be tasked with placing WFG products and services in the marketplace on a national basis.   Now in his 28th year in the mortgage and settlement services industry, Testa... more
2016 MBA Vice-Chairman J. David Motley, CMB
Hundreds of mortgage servicing executives are in Orlando this week for the Mortgage Bankers Association’s National Mortgage Servicing Conference and Expo 2016. While final attendance numbers have not yet been made available, the organization was doing a brisk business at its registration booth all... more