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Volume 22 - Number 20

September 28, 2018

The Money Source Takes Aim on Subservicing

The Money Source hopes to double its volume of subservicing contracts to almost $8.0 billion by yearend, capitalizing on what it feels is an underserved market: Smaller clients that donít receive hands-on service from the giants of the industry, namely Cenlar and Dovenmuehle. At least thatís the view from TMS President Ali Vafai, who says thereís a huge ďvoidĒ of subservicers that can effectively handle high-touch product, especially Ginnie Mae receivables. ďThe problem is that some Ginnie subservicers ...

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Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.


Time for a change. Borrowers are different today.


Undecided, still assessing the situation.