According to the CFPB, the Irving, Texas-based BSI Financial–which is the operating name for Servis One Inc.–violated the Consumer Financial Protection Act of 2010 and the Real Estate Settlement Procedures Act (RESPA) by handling mortgage servicing transfers with incomplete or inaccurate loss mitigation information and incomplete or inaccurate escrow information. The company was also accused of improperly overseeing service providers, failing to promptly enter interest rate adjustment loan data for adjustable rate mortgage loans into its servicing system and maintaining an inadequate document management system that prevented BSI’s personnel or consumers from readily obtaining accurate information about mortgage loans.NMP Ignite speakers share strategies for building lasting investor relationships, overcoming financing challenges, and generating repeat business
Real estate investors can be some of the most valuable clients an originator will ever work with. They buy repeatedly, refinance properties, build portfolios, and refer other investors. But earning their loyalty requires a different approach from traditional residential lend...
NAR finds nearly one-third of repeat buyers pay cash, narrowing the pool of financed purchase transactions for lenders
First-time homebuyers remain largely on the sidelines of the housing market, accounting for just 22% of purchases as older, equity-rich repeat buyers continue to dominate, according to new data from the National Association of Realtors (NAR).The first-time buyer share edged ...
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