DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.

The repo is contingent upon PennyMac – a publicly traded REIT – maintaining minimum tangible net worth of $860 million and minimum unrestricted cash of $40 million.

The firm noted that employment and income fraud peaked in the fourth quarter of 2013 and has declined ever since.

In some cases, loan officers who work for net branch operators can earn 225 to 250 bps per deal.

Roughly $164.77 billion of securities backed by commercial mortgages were issued last year, down just 0.6 percent from 2013, which was a banner year.

The money will flow directly into the U.S. Treasury Department, which controls the senior preferred shares of the two government-sponsored enterprises.

The DBO request for proposal asks that applicants for the Ocwen contract state whether they – or any affiliates – have done any consulting work for the servicer.

An official involved in the non-agency MBS market said it’s easier to sell private placements than it is to meet requirements for publicly registered deals

Roughly 73 percent of the mortgages in the deal have interest-only terms.

The FHFA proposal, however, could spell trouble for certain nonbank servicers with limited resources.