Jean Marie Rodier

404 Flips | 1 Magazine | 3 Likes | 8 Following | 15 Followers | @JMRodier | Gardener against deer.

Santander adopts nCino for business clients

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.

Financial Services

Black Knight introduces consumer-centric mortgage servicing solution

This week, mortgage data and solutions provider <b>Black Knight</b> introduced a new solution that aims to help mortgage servicers deepen customer …

Citizens Financial Group, Inc. to Expand Mortgage Banking Business with Acquisition of Franklin American Mortgage Company

<b>05/31/2018</b><p><i>Creates top-15 bank-owned mortgage servicing and origination platform*</i><p>PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. …

3 reasons why Ocwen Financial is buying PHH Mortgage

Ocwen Financial Corp.’s deal to acquire PHH Corp. for $360 million will bring together two companies in the midst of resurrecting their businesses …

Senate votes to repeal CFPB arbitration rule in win for financial institutions

WASHINGTON — The Senate voted 51 to 50 late Tuesday to repeal the Consumer Financial Protection Bureau’s rule banning mandatory arbitration clauses …

LoanCare is now subservicing mortgages with eNotes

LoanCare, a Virginia Beach, Va.-based subservicer, can now service mortgages registered with MERS as e-notes by using DocMagic's e-vaulting …

Fintech Firm SoFi Says CEO Mike Cagney Will Step Down by Year-End

Lawsuits and ‘negative press’ around SoFi ‘have become a distraction, Cagney says in staff note<p>Social Finance Inc., one of the most highly valued private financial-technology startups in the U.S., said on Monday night that Chairman and Chief Executive Mike Cagney would step down by the end of the …

Nationstar Rebrands as Mr. Cooper

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) officially unveiled a new brand name, Mr. CooperSM, on Monday …

Real Estate

Sindeo investor saves fintech mortgage broker from going under

Tech-savvy mortgage broker Sindeo is back in business, following an acquisition by Renren, a Chinese social media company and an investor in …

Four new CUs sign with myCUmortgage

myCUmortgage, a credit union service organization, announced that it has formed partnerships with four credit unions, giving them access to the …

Underwater borrower count falls below 2 million: Black Knight

The number of borrowers underwater on their mortgages is below 2 million for the first time since 2006, as rising home prices are improving homeowner …

nCino Expands Credit Analysis Capabilities to Give Financial Institutions’ Underwriting a Boost

WILMINGTON, N.C.--(BUSINESS WIRE)--nCino, the worldwide leader in cloud banking, has added capabilities to the credit analysis offering of its Bank …

Operating Systems

Nationstar Moves Customer Service Operations to the United States, Creating New Jobs and Investing in an Improved Customer Experience

DALLAS--(BUSINESS WIRE)--As part of its transformation to become more customer-centric, Nationstar Mortgage today announced it has moved its …

Ahead of Mr. Cooper rebrand, Nationstar weighs selling Xome

As Nationstar Mortgage Holdings finalizes plans to change its name to Mr. Cooper, the nonbank lender and servicer is exploring options to part ways …

Black Knight origination system adds new API

Black Knight Financial Services has added an application program interface to its loan origination system that will allow consumers and loan officers …

PHH to Lose CEO; Fannie/Freddie Changes--Their Future Remains Uncertain

Let’s end the week with a non-mortgage question, but one that you mathaletes will enjoy. What would happen if you were hit by a penny falling from a …

10 states where servicers are grappling with property tax shocks

Average property taxes are up nearly 6.5% nationwide, according to Lereta, a tax services and data provider in Covina, Calif. Higher tax bills can …

Fed Raises Rates, but Key Bank Metric Suggests Caution

Loan growth has fallen back to 2014 levels even as bank stocks soar after Trump election<p>Hopes that a stronger economy would lead to more lending and further Federal Reserve rate increases have helped push bank stocks to postcrisis highs.<p>But new data show loan growth is slowing instead, raising …

Economics

LenderLive to Acquire PHH's Private-Label Mortgage Operations

PHH Corp. has struck a deal with LenderLive to sell its private-label mortgage operations in Jacksonville, Fla., to the Denver-based mortgage …

Can Ocwen Reinvent Itself?

Few companies attacked the financial-crisis fueled boom in distressed servicing as aggressively as Ocwen Financial Corp., and not many have survived …

Cherry Hill Gets Ginnie Mae Approval to Acquire MSRs

Cherry Hill Mortgage Investment Corp. has received issuer and purchase approval from Ginnie Mae, allowing it to complete a previously announced deal …

Radian Taps Richard Thornberry to Succeed Retiring CEO Ibrahim

Radian Group has selected a new chief executive officer to succeed S.A. Ibrahim, who announced last May his plans to retire in 2017.<p>Richard …

Donald Trump Plans to Undo Dodd-Frank Law, Fiduciary Rule

White House adviser Gary Cohn says banks burdened by rules added after financial crisis<p>WASHINGTON—President Donald Trump on Friday plans to sign an executive action that establishes a framework for scaling back the 2010 Dodd-Frank financial-overhaul law, part of a sweeping plan to dismantle much of …

Donald Trump

Citi's Servicing Exit Tips the Scale Toward Nonbanks

Citigroup's plan to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of …

Four Takeaways from Mnuchin's Capitol Hill Grilling

WASHINGTON – Treasury Secretary-designate Steven Mnuchin struck a pro-banking industry tone during testimony on Capitol Hill Thursday while tangling …

New York probing reverse mortgages at Treasury nominee's ex-bank: source

NEW YORK (Reuters) - The New York attorney general’s office is investigating reverse-mortgage servicing companies, including a unit of the bank Treasury Secretary nominee Steve Mnuchin ran, according to a person familiar with the matter.<p>Steve Mnuchin, President-elect Donald Trump's nominee to be …

Donald Trump