Skip to main content

Fannie Mae Measures Servicer Performance in 2012
Mar 05, 2013

Fannie Mae has announced Servicer Total Achievement and Rewards (STAR) Program's Scorecard results for 2012, the program that measures servicers across key operational and performance areas relative to their peers, and acknowledges their achievement through STAR designations. Final STAR designations will be communicated in April and will be based on the program's two methods of servicer evaluation: Scorecard metrics related to customer service and foreclosure prevention and operational assessments of the servicer's processes, policies and capabilities. The operational assessments include evaluation of servicers' key processes and drivers that produce the Scorecard outcomes. "STAR is one of the many ways that we are helping servicers improve their work with homeowners," said Leslie Peeler, senior vice president of Fannie Mae's National Servicing Organization. "Fannie Mae is pleased that servicers continue to focus on keeping families in their homes and preventing foreclosures. In the peer group representing our largest servicers we observed improvement in the delivery of home retention solutions from our top and bottom performing servicers. Servicers understand the importance of delivering solutions to homeowners and are focused on achieving better results." The following servicers produced results on the STAR Scorecard at or above median levels relative to their peers for 2012: ►Peer Group One: EverBank, GMAC Mortgage LLC (Ally Bank), Green Tree Servicing LLC, Nationstar Mortgage LLC, PHH Mortgage Corporation, Seterus Inc., and Wells Fargo ►Peer Group Two: Fifth Third Bank, RBS Citizens NA, and Regions Bank ►Peer Group Three: Associated Bank NA, The Branch Banking and Trust Company, Capital One, Colonial Savings, M & T Bank, Navy Federal Credit Union, Third Federal Savings and Loan and Trustmark National Bank Servicers that achieved a three STAR or greater designation will be recognized for their commitment to customer service and foreclosure prevention efforts in April, when the 2012 STAR Operational Assessments are complete. Servicers who earn a three STAR designation achieved above median results on the Scorecard and demonstrated consistent and standardized processes in most business processes. Servicers who earn a four STAR designation achieved top quartile results on the Scorecard for their peer group, demonstrated consistent processes with repeatable outcomes in all reviewed areas, and achieved Fannie Mae credit loss targets.
Mar 05, 2013
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021