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So far Note Servicing Center has created 325 blog entries.

Subservicing: A Massive Opportunity for Lenders and Servicers

2022-07-04T20:29:54-07:00Private Money Lending|

With production volumes leveling off and non-QM originations on the rise, lenders' desire to concentrate resources and costs on the front end of the business may lead to additional subservicing opportunities. Midsize lenders are ideal candidates for subservicing while offering servicing control to a [...]

How Lenders Can further Improve the Business Model in 2022

2022-06-02T06:52:14-07:00Timely|

Lenders are looking to take advantage of anticipated downtime by upgrading their internal processes as 2022 proves to be a difficult year for the lending industry. Lenders compete for time and resources all the time. The last two years have been spent completing, shipping, [...]

Appraisal Modernization: A Top Priority for Lenders

2022-06-02T06:52:14-07:00Private Money Lending|

According to a Fannie Mae study released in mid-May, mortgage lenders find benefits in appraisal modernization, particularly in introducing non-traditional appraisals and inspection-based appraisal exemptions. However, when it comes to what they are investing in, they have a few more important considerations. 94% of [...]

CFPB Wants Lenders to Disclose Reasons for Denial of Credit

2022-06-02T06:52:14-07:00Timely|

After investigating whether companies claiming exemption because they rely on "complex algorithms" violated federal anti-discrimination law, the Consumer Financial Protection Bureau confirmed on Thursday, May 23rd, that all lenders must explain their rationale when denying credit to loan applicants. According to legal experts, the [...]

How Loan Brokers can Reach More and New Borrowers with Non-QM

2022-05-31T06:10:45-07:00Private Money Lending|

Due to increasing interest rates, agency loan originations are down dramatically this year. Fannie Mae has reduced its forecasted number of single-family mortgage originations for 2022 from $3 trillion to $2.8 trillion. As a result, many brokers resort to non-QM to boost their income [...]

How Mortgage Lenders are Navigating Life at 6%

2022-12-05T23:08:04-08:00Private Money Lending|

Lenders, Loan Originators, and economists all over the country expect more margin compression and layoffs across the industry. It is expected that originations will decline even further due to the current tough economic situation affecting the industry. The markets have been rocked to their [...]

Why Now is the Time for Lenders to Retool their IT Environment

2022-06-02T07:53:09-07:00Private Money Lending|

Lenders are again feeling the pinch after record-breaking volumes in 2020 and 2021. As profit margins narrow, lending experts are looking for ways to boost efficiency. In an interview with the executive of underwriting solutions for CoreLogic, Bob Jennings discussed what lenders should set [...]

Prioritizing Home Equity Solutions in a Rising Rate Environment

2022-05-31T06:04:39-07:00Private Money Lending|

Interest rate hikes and refinancing declines have highlighted the 2022 housing market, and lenders are working hard to respond to new borrower behaviors. In an interview with Barry Coffin, managing director of ServiceLink's home equity title/close, on how lenders can take advantage of these [...]

CFPB Report Highlights Outliers in the Industry Doing a Poor Job of Servicing

2022-12-05T23:04:14-08:00Timely|

This week, the Consumer Financial Protection Bureau (CFPB) released a report on servicers' performance in the second half of 2021. According to the research, services improved their call metrics on average, although some continue to fall behind in aiding borrowers. For example, from May [...]

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