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Need Underwriters and Processors? Be Prepared to Pay Up

September 28, 2020
Paul Muolo

When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....


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Short Takes: Does It Get Any Better Than This? / The Debt Boom / What Could Go Wrong? / An Update on AO’s Bank Statement Program / From Math Teacher to LO

September 23, 2020
Paul Muolo and Brandon Ivey

One last observation: Over the past month we’ve talked to no one who believes 2021 will be a train wreck. Several expect it to be a strong year, just but not as good as 2020…


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Truist Sells Commercial MSR Platform to SitusAMC, $34B in Rights Change Hands

September 22, 2020
Paul Muolo

The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.


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Ocwen Reveals Large Bonuses to Executives, Restores Incentive Pay for CEO

September 17, 2020
Paul Muolo

The nation’s 16th largest servicer also disclosed it will restore incentive pay that was voluntarily given up by CEO Glen Messina.


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Time for Permanent Changes on Regulating LOs Working From Home?

September 17, 2020
Yemeng Yang

Several industry executives and officials from four state regulatory agencies attended the meeting on remote work flexibility.


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Mortgage Bankers and Brokers Keep Adding Jobs

September 8, 2020
Paul Muolo

Loan brokerage firms have increased employment by 16.3% year-over-year...


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Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company

September 2, 2020
Paul Muolo

Lenders are minting money these days, servicers not so much...


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Mr. Cooper on Track to Add 5,000 Employees This Year

September 2, 2020
Brandon Ivey

Mr. Cooper plans to increase its staff by more than 50% this year, with many of the hires focused on mortgage originations.


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Not Only are Home Lenders Thriving, So Are Their LOs

September 2, 2020
Maria Volkova

LOs earned 59% more in the second quarter of 2020 compared to the same period a year ago, according to figures compiled by LBA Ware...


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Short Takes: HFSC Chair Wants GSE LLPA Killed Outright / Being Excluded From Narrow Exemptions? / A Biden Victory Means... / MBS Trading Increases

August 27, 2020
Paul Muolo

But there’s something else to think about here. Let’s say Democrat Joe Biden (DE) wins the White House in November. After being sworn into office, will he act swiftly to dismantle this very controversial loan-level private adjustment?...


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