In today’s mortgage industry, loan quality is best assured throughout the process, not after the fact. The reason the regtech solutions are taking off is because lenders are slowly realizing they need to tackle loan quality issues as they happen, from the point they begin gathering information to create a loan file through closing. The business risk of producing bad…
Author: Craig Riddell
As Executive Vice President, Chief Business Officer, Craig Riddell is responsible for establishing and developing ongoing relationships with LoanLogics' largest enterprise clientele, as well as leading the LoanLogics' Sales, Marketing and Account Management functions. He has been and continues to be a trusted leader involved the strategic growth of LoanLogics.
How Automation Helps Servicers Capitalize on MSR Transfers
Driven by several economic factors, lenders who held mortgage servicing rights (MSR) in their portfolio in 2018 saw more profitability than those without, according to recent comments made by the MBA’s Vice President of Industry Analysis, Marina Walsh. In fact, servicing income more than tripled year-over-year, increasing from $64 per loan in 2017 to $203 in 2018 loan.[1] That’s the…