Alaska USA Increases Lending, Servicing
Alaska USA Federal Credit Union made quarter-over-quarter gains in lending activity. While servicing also increased, the credit union lost some staff members.
Fannie Requiring Seller-Servicer Employee Screening
Prospective employees of companies that are approved Fannie Mae sellers or servicers will need to be screened for exclusion from a regulatory list.
Servicing Income Holds as Portfolios Grow
Income from operations at independent mortgage servicers has been stable even as residential servicing portfolios have been growing.
Mortgage Lenders Lift Originations, Earnings
As residential loan originations at independent mortgage bankers moved higher, production earnings swung back into the black. But originations and earnings fell short of a year earlier.
Mortgage Servicer Hiring in Colorado
A mortgage servicer based in Colorado is running a recruiting campaign with plans to fill more than a hundred open positions.
Nationstar Affiliate Cutting Mortgage Jobs
A financial services firm is unloading mortgage assets and eliminating mortgage jobs in North Texas. The company is affiliated with Nationstar Mortgage LLC -- which, itself, is laying off North Texas employees.
Servicing Off at Ocwen, U.S. Staffing Sinks
Although originations edged up at Ocwen Financial Corp., the servicing portfolio shrank. U.S. staffing was down, though offshore employment soared.
Nationstar Reducing Servicing Staff
Increased efficiency within its residential loan servicing division has Nationstar Mortgage LLC cutting mortgage jobs in three states.
Mortgage Lenders Report Strong Activity
One mortgage lender has experienced record origination activity thanks to its correspondent division, while another lender that made a recent wholesale acquisition is also reporting record activity.
MLOs Among 100s of Planned Hirings at Citizens
With some of the proceeds from an anticipated initial public offering, Citizens Financial Group Inc. plans to hire hundreds of sales people -- including mortgage loan originators.