Mortgage closings moved out of the office years ago to places more convenient for borrowers. Now, technology allows closing to occur without all the parties being present in the same place. United Wholesale Mortgage claims to be the first lender to have completed a “virtual e-closing” with a refinance that closed at the end of July. The lender allowed the borrowers and notary to use webcam technology and electronically sign all of the closing documents. Previously, lenders offering e-closings have required some in-person contact with a notary to e-sign closing documents. “This ultimately eliminates...

With the troubles from the financial crisis fading in the rear-view mirror, the residential mortgage servicing industry could be on “the edge of glory,” if companies can elevate their game and keep it at a high level, according to analysts with S&P Global Ratings. “The financial crisis left mortgage servicing hanging on a moment of truth,” they said in a new report. “This led to substantial changes in the industry in the past 10 years, the effects of which are still being felt today.” The changes included...

Under this test, an employer must show that the employee is paid at least $455 per week…

Another digital lender that’s hiring is NewFi Lending of Emeryville, CA…

If the $10.4 billion figure proves accurate it will result in another hefty dividend payment by Fannie and Freddie to the holder of its senior preferred stock: the U.S. Treasury.

Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…

Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director.

S&P focused on mortgages originated between the second half of 2005 and the first half of 2008.

Most of the companies are in decent shape, but the group is weighed down by two big albatrosses – Ocwen Financial and Walter Investment…

Servicing costs have risen dramatically this decade, but maybe there’s light at the end of the tunnel…