Servicing

Sagent, a provider of mortgage servicing technology, announced the launch of Dara Invoice, a real-time solution to eliminate the error-prone manual process currently used by servicers to manage invoices related to mortgages in default.

Sagent, a mortgage servicing fintech software company, announced a new partnership to aid the housing-affordability mission of Idaho Housing and Finance Association (IHFA) by implementing Sagent’s Dara Claims platform.

In its latest Insights Report, STRATMOR Group Principal Kris van Beever explores how lenders can operationalize their mortgage servicing strategies to meet today’s evolving demands.

Once viewed as a back-office function focused on cost containment, mortgage servicing is now a strategic lever for growth, borrower retention, and operational efficiency, according to STRATMOR Group Senior Partner Michael Grad in the advisory firm’s latest Insights Report.

Clarifire, a provider of modern workflow automation, announced that Indiana-based Merchants Bank has selected CLARIFIRE ® as its proven process automation platform. A full-service bank with nationwide mortgage operations, Merchants Bank will use CLARIFIRE to drive greater efficiency across its servicing organization and deliver more responsive, rapid results to borrowers.

Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, announced that United Wholesale Mortgage (UWM) has signed a long-term agreement to license ICE Mortgage Technology’s MSP loan servicing system. Selecting MSP will allow the nation’s largest mortgage lender to bring its servicing operations in-house with a modern, comprehensive solution that streamlines the entire servicing process.

Dark Matter Technologies (Dark Matter®) has expanded into the servicing market with the launch of a Dark Matter servicing platform.

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.

Mortgage servicers are in dire need of a backup loss mitigation strategy to protect homeowners and their businesses amid the growing number of cyberattacks affecting the financial services industry, says Donna Schmidt, a default servicing expert and founder of WaterfallCalc, a provider of loss mitigation technology for small- and mid-sized mortgage servicers.