Tag Archives: Service Providers

An old hand from the banking regulatory community took office Monday as the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós newest comptroller of the currency. The Senate confirmed Thomas Curry to helm the Office of the Comptroller of the Currency in March. President Barack Obama first nominated Curry, an FDIC director, last year. He then served as chairman of the agency├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós assessment appeals and case review committees. His record of service includes stints as first deputy commissioner and assistant general counsel in the Massachusetts banks division.

Mortgage solutions company Calyx Software has announced the addition of a new account sales representative. Calyx recently revealed that Jim Dymek has joined its roster of sales professionals. [IMAGE] In his new role for the company, Dymek will focus on small-to-midsize lenders.

MountainView Servicing Group recently signed off on the sale of two packages of mortgage servicing rights for loans backed by mortgage giant Fannie Mae. The first package totaled $251 million in servicing rights and largely included 30-year and 1-year fixed-rate mortgages. The second package, worth $144 million in rights, comprised reportedly prime-quality 30-year fixed-rate mortgages. The company said that both were sold without bifurcation. Many major banks continue to sell and purchase servicing rights for mortgages as the economic recovery picks up.

Residential Finance Corporation has hired a new director of operations for the company's recently opened location in Charlotte, North Carolina. The national mortgage lender has named industry veteran Leslie Bondy to the leadership position for RFC. With more than 20 years of industry experience, Bondy will be responsible for all mortgage lending operations in RFC's Charlotte branch. Her duties encompass processing, underwriting, and closing loans for the company. Bondy joins RFC from her previous role as a senior program manager and operations director for Zenta Mortgage Services.

In Idaho, DocuTech has added two new team members within its mortgage document compliance division. The company recently hired Sandra Griebe to head up DocuTech's integration team, along with appointing Gregg Holsapple as vice president of product management. Griebe joins DocuTech as the company's director of integrations for its mortgage document compliance software. In her new role, Griebe will be responsible for managing and improving integration operations with national technology partners, ensuring that users benefit from simple access methods and product offerings.

A new study from FICO revealed that banking professionals are raising their expectations for loan repayments and credit availability. The survey, which was conducted by the Professional Risk Managers' International Association (PRMIA) on behalf of FICO, showed a reversal in sentiments among U.

The refinance share of originations ran up to 57 percent for independent mortgage banks during the fourth quarter last year, according to the Mortgage Bankers Association. The trade group said in a fourth-quarter performance report Thursday that new numbers for refinance share reflected a jump from 45 percent seen in the third quarter. Chartered financial institutions and independent bankers profited by $1,093 from each loan made in the fourth quarter, a decline from $1,263 per loan in the third quarter last year. Average production income hovered around 58 basis points in the fourth quarter.

First time claims for unemployment insurance fell 6,000 to 357,000 by the end of March, the Labor Department reported Thursday. The previous week's report were revised upward to show a jump by the end of March to 363,000 instead of the originally reported 357,000. Nonetheless ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô subject to revisions ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the new current week's total represented a four year low. Continuing claims, reported on a one-week lag, also fell, dropping 16,000 to 3,338,000 for the week ended March 24, the third straight week-week decline.

Massachusetts-based lender Mortgage Master, Inc., has hired a new leader for its sales division. The company recently announced the appointment of Donald Henig as Mortgage Master's national sales director.

Home prices for non-distressed property sales ticked up 0.7 percent in February from January, even while figures for the same fell by 2 percent year-over-year, according to CoreLogic. The analytics firm said that home prices also marked a seventh straight monthly decline by falling 0.8 percent from January this year. Inclusive of distressed sales, the five states that encountered appreciation in their home prices at the fastest clip included Arizona (4.5 percent), Florida (4.7 percent), Michigan (5.8 percent), South Dakota (4.1 percent), and West Virginia (8.6 percent).