Servicing

In Texas, Guardian Mortgage's own EVP and COO has been honored as one of the Next 40 Mortgage Professionals to Watch by National Mortgage Professional Magazine, the company announced. Cari McCue earned a place on the list based on votes from industry peers from all around the country.

Mortgage Master's Jimmy Yerman is moving up in the world. The super-regional mortgage bank named the 23-year industry veteran as its new mid-Atlantic regional manager.

National Real Tax Tracking (NRTT), a nationwide real estate tax management firm headquartered in Chicago, announced the promotion of Kelly Houseman-Hebert to managing director.

Churchill Mortgage announced the opening of its first brick and mortar location in Missouri.

Seneca Mortgage Investments LP, a real estate investment firm focused on mortgage servicing rights (MSRs), announced it has closed on its purchase of AMS Servicing.

A number of "unfair and deceptive" servicing practices "continued to plague consumers throughout 2013," the Consumer Financial Protection Bureau (CFPB) says in a recent report. "Taking action against mortgage servicing practices that harm consumers is a key priority for the CFPB," Director Richard Cordray said. "Especially under the detailed protections of our new rules, we expect services to clean up their act and provide responsible customer service."

Mortgage Guaranty Insurance Corporation (MGIC) announced the promotion of both Mike Kull and Dean Dardzinski to VP national account manager.

The Mortgage Bankers Association (MBA) released over the weekend its year-end ranking of commercial and multifamily servicers' volumes--and once again, Wells Fargo topped the list. According to MBA's numbers, Wells Fargo took the No. 1 spot with $434.4 billion in dollar volume and 33,354 in loan volume. Following it were PNC Real Estate ($369.6 billion, up from $337.6 billion the previous year) and Berkadia Commercial Mortgage ($235.4 billion, up from $197.3 billion).

MountainView Servicing Group announced the offering of another Fannie Mae mortgage servicing rights (MSR) portfolio, this one with an unpaid principal balance of $2.4 billion. According to MountainView, the portfolio features 100 percent first-lien and 99.7 percent fixed-rate products (with 86 percent 30-year fixed-rate loans) and a weighted average interest rate of 3.69 percent. Bids for the portfolio are due February 6 at 3 p.m. Eastern.

Sixteen-year mortgage industry veteran John Coughlin has joined LRES as its new VP of sales, the asset management and valuations company announced.