Vendor News

Pennymac Sees Strong Economics in Subservicing

jdohnert@imfpubs.com — Thu, 19 Feb 2026 11:56:11 -0500

Pennymac’s deep expertise in servicing its own book of business uniquely positions the company to acquire subservicing giant Cenlar, according to industry analysts.

Lenders Expected to Retain More Servicing After Recent Sell Off

jdohnert@imfpubs.com — Thu, 12 Feb 2026 11:38:11 -0500

Lenders are examining opportunities to retain more servicing this year as originations are expected to stay steady.

Fraud, Defects Growing Concerns for Refi Market

jdohnert@imfpubs.com — Wed, 26 Nov 2025 09:24:22 -0500

Incidences of fraud and loan defects are increasing among refinances as production of the loans accelerates.

First American Works to Recover From Cyber Incident

bivey@imfpubs.com — Thu, 04 Jan 2024 11:43:27 -0500

The company experienced a cyberattack Dec. 20 and took various systems offline to address the issue. System access started to be restored late last week and First American cautioned that sensitive data had been accessed.

ICE-Black Knight Merger Back on Track

smanas@imfpubs.com — Fri, 11 Aug 2023 12:36:43 -0400

Deal with FTC could set the stage for ICE and Black Knight to consummate their beleaguered merger.

CFPB, Payments Vendor Settle Over Servicing Error

smanas@imfpubs.com — Thu, 29 Jun 2023 12:05:00 -0400

ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments.

Affordability a Concern as State Farm Exits California

mhogan@imfpubs.com — Thu, 08 Jun 2023 12:07:02 -0400

State Farm, the nation’s largest writer of home insurance, cited inflation, wildfire risk and a challenging reinsurance market as reasons for its exit from the home insurance business in California.

A Third Technology Choice for Warehouse Banks?

pmuolo@imfpubs.com — Thu, 01 Jun 2023 11:28:22 -0400

The slowdown in home lending offers companies an opportunity to bring on new vendors and change technology platforms. But does this apply to the specialized world of warehouse finance?

FTC Sues to Block ICE-Black Knight Deal

smanas@imfpubs.com — Thu, 16 Mar 2023 10:50:20 -0400

The move signals an aggressive effort by federal regulators to rein in consolidation in the mortgage tech industry. ICE said it is prepared to fight the FTC over the Black Knight deal.

Roostify Acquired by CoreLogic

dhollier@imfpubs.com — Thu, 02 Mar 2023 12:49:55 -0500

The data firm’s purchase of fintech Roostify takes place in the shadow of the controversial ICE/Black Knight merger attempt.

Time for UWM to Move Servicing Inhouse? Not Really

pmuolo@imfpubs.com — Thu, 17 Nov 2022 11:10:00 -0500

United Wholesale Mortgage explored the idea of servicing its own mortgages but passed. For now it's sticking with its two subservicing vendors, one of which is Cenlar.

FTC Raises Concerns Over ICE-Black Knight Merger

smanas@imfpubs.com — Thu, 22 Sep 2022 12:50:08 -0400

Intercontinental Exchange’s attempt to acquire Black Knight has been attacked by regulators, shareholders and mortgage lender trade groups. In other words, it remains to be seen if the deal will get done.

Subservicing Growth Faces Headwinds

pmuolo@imfpubs.com — Thu, 25 Aug 2022 11:19:19 -0400

For the most part, subservicing growth has been slow, thanks to booming MSR sales and some non-traditional servicing owners shifting strategies. Cenlar, though, remains the nation’s number one subservicer. (Includes data chart.)

Cenlar Beefs Up Its Default Team. As for Why…

pmuolo@imfpubs.com — Thu, 18 Aug 2022 10:28:58 -0400

When it comes to default management hires, subservicer Cenlar has been a busy bee, adding a handful of new VPs. Is it expecting an increase in delinquencies or is something else afoot?

Cenlar’s Long-Time Chief Suddenly Retires

pmuolo@imfpubs.com — Thu, 11 Aug 2022 13:16:34 -0400

Cenlar, the nation’s largest subservicer, has a new leadership team. The move comes roughly 10 months after federal sanctions were filed against the firm.

CHLA Seeks Antitrust Review of ICE-Black Knight Merger

smanas@imfpubs.com — Thu, 16 Jun 2022 12:11:23 -0400

The Community Home Lenders Association has raised concerns that an entity with dominant market position could engage in anti-competitive behavior.

A Rare Slowdown in the Outsourcing of Servicing

pmuolo@imfpubs.com — Thu, 09 Jun 2022 10:56:01 -0400

For years, the number of subservicing contracts has proliferated. But with loan production falling, there is less of a rush to use outsourcing vendors. Some lenders may even move the function inhouse. (Includes data chart.)

SitusAMC Sees Opportunities in Contract Underwriting

smanas@imfpubs.com — Thu, 21 Apr 2022 11:40:47 -0400

The company sees demand for contract underwriting from mortgage lenders trying to originate purchase mortgages and other new products amid margin compression.

Subservicing Continues to Spread, Posts Steady Gains

pmuolo@imfpubs.com — Thu, 03 Mar 2022 12:05:49 -0500

The trend toward servicing outsourcing is continuing amid an MSR sale boom that could gain steam in the quarters ahead. (Includes data chart.)

Rocket Puts Down Its Marker in the Personal Finance Space

smanas@imfpubs.com — Thu, 23 Dec 2021 12:03:00 -0500

In a deal expected to close by year end, Rocket Companies will pay $1.28 billion in cash to acquire personal finance app Truebill, a six-year-old tech start-up with 2.5 million users.

Can Sig Anderman Complete a Mortgage Tech SPAC?

pmuolo@imfpubs.com — Thu, 23 Dec 2021 12:02:09 -0500

One might think the mortgage SPAC thing has run its course. Maybe for lenders, but what about mortgage and real estate-related software? For star power, there’s Dave Winfield.

Cenlar’s Clients Weigh Their Options in Wake of OCC Action

pmuolo@imfpubs.com — Thu, 11 Nov 2021 10:10:43 -0500

After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?

Subservicer Cenlar Sanctioned, Needs Approval to Add Clients

pmuolo@imfpubs.com — Thu, 28 Oct 2021 12:12:37 -0400

Subservicing behemoth Cenlar has caught the attention of the OCC, which slapped the loan processor with a consent order because of its risk management shortcomings. On the menu: corrective actions.

Grapevine: Getting Leaner: Mr. Cooper

pmuolo@imfpubs.com — Thu, 26 Aug 2021 12:13:32 -0400

As the refi boom begins to wane, nonbank mortgage giant Mr. Cooper is paring certain business lines. Should other lenders follow suit?

Incentive Compensation Drops for LOs, Processors

mhogan@imfpubs.com — Thu, 05 Aug 2021 11:38:16 -0400

Loan officers continue to benefit from strong refis and purchases, but compensation is coming under pressure. Meanwhile, the need for processors is not abating, according to LBA Ware.

Want to Get into the MI Business? Here’s Your Chance

pmuolo@imfpubs.com — Thu, 15 Jul 2021 10:05:50 -0400

Mortgage insurer PMI of Arizona has put itself on the auction block. Who? And therein lies a story...

Blend Inching Closer to IPO, But Yet to Turn a Profit

bivey@imfpubs.com — Thu, 24 Jun 2021 12:45:28 -0400

The mortgage technology vendor hasn’t been profitable since its inception in 2012 and is forecasting losses going forward.

Residential Appraisers Fear HUD Task Force

news@imfpubs.com — Thu, 10 Jun 2021 11:53:00 -0400

Not racial bias, but geographical incompetence is the reason appraisers mar home valuations, according to agents interviewed by IMF.

HUD Chief to Lead Interagency Effort on Appraisals

Thu, 03 Jun 2021 12:20:43 -0400

Besides overseeing HUD and keeping tabs on FHA and Ginnie Mae, Marcia Fudge has a new task: managing the White House’s latest initiative on appraisal inequities.

Zombie Foreclosures Spike in 2Q21; New York Leads the Pack

news@imfpubs.com — Thu, 03 Jun 2021 12:05:05 -0400

The number of boarded-up, empty houses and buildings, or so-called zombie properties, in some stage of foreclosure jumped 21% this quarter, according to data vendor ATTOM.