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Cenlar FSB, BaseCap Partner On New Servicing Compliance Program

Cenlar FSB, the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a new program designed to enhance regulatory and operational processes and compliance. The technology is designed to help businesses with “their data management and regulatory

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Council Of MLSs Welcomes New Board Members

The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the new directors will assume their roles starting Jan. 1, 2024. The two new directors elected to the board are Justin Haag, the general counsel and incoming president

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LoanDepot Launches Fully Automated Underwriting Engine

California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow. The new system, which has been in beta-testing for the last several quarters, delivers a fully conditional loan approval “in minutes rather than hours or days,” the company said in a statement.   Jeff Walsh, loanDepot’s

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Copycat Commission Lawsuits Hit The West Coast

The copycat commission lawsuits have made it to the West Coast. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Christina

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Homeowners Are Getting Worried About Flood Insurance Costs

Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae‘s latest national flood survey showed.  Despite people’s personal flooding experience, consumers have a poor understanding of the flood risk of their residence, particularly for those in high-risk zones, according to survey results.  Fannie Mae conducted an online

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