Earlier this month, I spoke with MReport about the balancing act our industry is performing to keep up with internal and external pressures in the two-part series titled, “Mortgage Tech Update, Part 1 and Part 2.” Given we are midway through 2022 and still adjusting to changing mortgage market trends and the role of technology top of mind for many,…
Earlier this month, LoanLogics was named to HousingWire’s 2022 Tech100 list for the ninth consecutive year! This year’s distinction was a result of the groundbreaking machine learning-based technology in, LoanLogics IDEA™ (Intelligent Data Extraction and Automation) for MSR Transfer. What makes it so groundbreaking you might ask? It’s well known the physical transfer of loan files between counterparties in mortgage servicing…
It’s been an exciting three months since we launched LoanLogics IDEA™ for MSR Transfer, a new solution that automates document processing and data extraction for mortgage servicers and banks when acquiring mortgage servicing rights (MSR). Since then, we have been busy bringing on new clients to help minimize some of their operational challenges managing the receipt of data and documents…
Next week, on February 5th, and the four Friday’s following, LoanLogics kicks off a five-part RadioLogics podcast series titled “Friction Free B2B Mortgage Commerce.” Have you subscribed yet? The topic being discussed centers around the immense amount of friction present in our industry’s B2B channels, namely, the correspondent, mortgage servicing rights acquisition and wholesale markets. This content was first shared…
Back in August, LoanLogics announced it was the technology provider behind the Freddie Automated Servicing Transfer (FASTSM) tool, helping Freddie Mac streamline its Cash-Released XChangeSM program. LoanLogics is also set to provide technology enhancements in support of Freddie Mac’s Co-Issue XChangeSM with the same technology. This was a proud moment for the company, given all the hard work our teams…
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…
