Peoples Processing, Inc. introduced a unique mailbox monitoring system that can help servicers manage the forbearance and other default related requests with a high level of quality and consistency.
The mailbox monitoring system helps servicers in ensuring that every forbearance request coming in is allocated to the relevant processor, in time and service-level agreements for response are defined clearly. This will allow servicers to drive efficiency in the default servicing process.
Sam Verma, president and CEO at Peoples Processing, said, “With our mailbox monitoring system, we are enabling servicers to process large volume of forbearance requests with high degree of accuracy and precision. Servicers enjoy benefits of faster, prioritized, and relevant follow-ups with the borrowers, while ensuring compliance.”
Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates
The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...
The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings
The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...
Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates
The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again
ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider