Tag Archives: Mr. Cooper

From ‘Better’ to worse: Real estate companies making layoffs so far

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With a few exceptions, the layoffs have so far largely been confined to companies providing mortgages and mortgage-related services like title and closing. Continue reading →

Mr. Cooper lays off originators while mortgage servicing business booms

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Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Continue reading →

Sagent keeps lining up deals after starting year with a bang

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Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house. Continue reading →

Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs

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A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in the title insurance segment. Continue reading →

Survey: Mortgage refi crush exposed dangers of digital-heavy approach

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Digital self-service combined with live personal service is key to retaining younger mortgage customers, J.D. Power concluded, with faster approval times demonstrating that the application and approval process “still requires some level of human intera… Continue reading →

Cloud providers are now big players in the mortgage process

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Cloud providers like AWS, Google Cloud and Microsoft Azure not only provide flexibility to scale, but have also developed proprietary AI and machine learning capabilities that can be customized to meet the needs of mortgage lenders. Continue reading →

AI-powered mortgage processing: 27 options besides Google

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Google Cloud may be making waves in the world of intelligent document processing with the rollout of a purpose-built solution for the mortgage industry, Lending DocAI, but there are at least 27 technology vendors competing in the space. Continue reading →

Servicer Mr. Cooper investigated for unauthorized withdrawals

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Mr. Cooper announced that many of its consumers had unauthorized withdraws, now the Consumer Financial Protection Bureau is looking into the matter and the adverse effects it may have. Continue reading →

Google rolls out AI platform for mortgage lenders

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Google Cloud rolled out Lending DocAI in preview mode last fall with Roostify, a provider of digital mortgage solutions to lenders, on board as a strategic partner. Continue reading →

These are the mortgage lenders that dominated refinances in 2020

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Mortgage lenders saw record volume in 2020, with refinances leading the way. Here are the top lenders that dominated refinances last year. Continue reading →