Planet Home Lending, LLC, a national lender and servicer, has earned Fannie Mae’s 2023 Servicer Total Achievement and Rewards (STAR) Program recognition, which acknowledges mortgage servicers for effective, standardized processes that drive performance and operational success.
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National mortgage lender Certainty Home Lending, a Guaranteed Rate Company, has named Darius Korybko as Vice President of Business Development.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 0.23% of servicers’ portfolio volume in the prior month to 0.22% as of January 31, 2024.
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Xactus announced that Michael Crockett has been named Chief Operating Officer. Previously he served as Chief Data Officer.
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Mortgage applications decreased 10.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 16, 2024.
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LoanCare, a U.S. mortgage subservicer, is making it easier than ever for homeowners to manage their mortgages with the updated, proprietary My LoanCare Go mobile app.
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ATTOM released a special report on U.S. Commercial Foreclosures. The report reveals a significant climb in commercial foreclosures over the years, from a low of 141 in May 2020 to the current figure of 635 in January 2024. This represents a steady increase throughout the period.
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Paradatec Inc., a provider of AI-based document analysis technology for the lending and real estate industries, launched a new Analytics module that automatically compares system-of-record data from different systems with extracted and calculated data from source documents and datasets.
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Mortgage Cadence, an Accenture (NYSE: ACN) company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021 and then rolled out two significant updates in 2022 and 2023. With this fourth milestone release, Mortgage Cadence changes the frequency of new releases and lets lenders choose to implement new updates immediately or later. This approach drives greater user adoption and eliminates disruptions that software updates may have caused in the past.
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