Marshall will take over for Xome CEO Mike Rawls when he retires on June 30, with the two working together until then to ensure a smooth transition at the foreclosure auction site, executives said. Continue reading
Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers. Continue reading
Deal to acquire Flagstar’s mortgage servicing business and correspondent lending platform is projected to grow Mr. Cooper’s servicing portfolio to $1.59 trillion. Continue reading
A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper. Continue reading
Sridhar Sharma, who’s credited with developing Mr. Cooper’s patented AI, has been promoted to a new role, and three new tech leaders are joining from other companies. Continue reading
In what’s shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing. Continue reading
After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading
Awarded since 1998, the Inman Innovator Awards honor the thought leaders making new visions of real estate a reality. Winners will be announced live at Inman Connect Las Vegas, July 30-Aug 1. Continue reading
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading
Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one. Continue reading