Mr. Cooper lays off originators while mortgage servicing business booms

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

Cornerstone latest lender to take mortgage loan servicing in-house

In a coup for Black Knight, the deal is the latest in a growing trend as lenders see servicing as a way to smooth out revenue and retain past customers when they refinance or buy their next home. Continue reading

Sagent keeps lining up deals after starting year with a bang

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

Sagent signs 7-year deal to power loan servicing for Servion Mortgage

Sagent says its servicing platforms provide “a bank-on-your-phone experience to consumers so they can manage their entire homeownership lifecycle anytime, from any device.” Continue reading