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ICE looks to rethink the mortgage servicing experience

Housing Wire

The new interface is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members. In the past few months, ICE launched other products, including a mortgage insurance center on its Encompass loan origination system to improve management functionality and enhance rate-quote comparisons.

Mortgage 331
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Doma partners with paymints.io to limit wire fraud

Housing Wire

These providers help title insurance professionals receive the tools to “stay compliant, reduce costs and inefficiencies and grow their business,” according to a statement. Doma Academy also provides resources like webinars and training to prevent wire fraud. Doma is eager to introduce paymints.io

Insurance 338
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Distinctive culture challenges call for specialized approaches in title agencies

Housing Wire

There are the direct costs of recruiting and onboarding a new employee, with all that entails for your HR department, IT department and managers who must spend time training their replacement. Training and ongoing review Even the most competent of employees may struggle in a new position. This is not a one-and-done effort, however.

Training 365
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 419
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Title automation allows for record volume

Housing Wire

The title insurance industry generated $6.8 billion in title insurance premiums in Q3, marking the industry’s best quarter ever. Blend’s title team has reimagined this process and created the backend technology to power a new standard for a premium title insurance experience. Click here to submit your company.

Insurance 363
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Mortgage and title firms grapple with recent rise in cyberattacks

Housing Wire

In addition to accepting what industry professionals feel is inevitable, cybersecurity experts stress the importance of protecting passwords and training employees on basic security principles. Experts say hackers obtain login information through phishing scams or even self-serve password reset tools.

Mortgage 384
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What servicers need to know going into 2024

Housing Wire

Meanwhile, homeowners insurance is increasingly becoming a bigger issue for consumers and servicers. In California, Texas and Louisiana, as well as portions of other states that are at risk for natural disasters , just getting homeowners insurance is getting more difficult as large insurers stop writing coverage.

Insurance 346