Tim Anderson of DocMagic: “You either get bigger or head for the exits.”

The highest paid Ocwen director last year was Phyllis Caldwell, who took home $372,649. Caldwell is a former Treasury Department official.

Faris is a 27-year veteran of Ocwen, a publicly traded nonbank launched several decades ago by former GE Capital executive Bill Erbey.

Nonbank servicing of agency MBS has nearly doubled since March 2014…

Marano is no stranger to troubled financial service companies. Until 2008, he was a top executive at Bear Stearns...

All of the receivables were originated through the retail channel…

The steamship that is the nonbank share of the mortgage servicing market showed no signs of changing course in the early months of 2018, a new Inside Mortgage Finance analysis reveals. [Includes two charts.]

Not only are several mortgage banking firms exploring sale opportunities these days, but dozens of vendors that serve the industry either have changed hands or are up for grabs as well – with more deals expected in the months ahead.

There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.

The way things stand today, those finalists include at least two industry veterans…