Mr. Cooper To Acquire Rushmore Residential Loan Servicing …
Apr 26, 2023 · Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday it has entered into a definitive agreement to sell its residential mortgage servicing platform to Dallas-based Mr. Cooper Group, one of the largest home loan servicers in the country. The deal follows Mr. Cooper's agreement, announced in February, to acquire Rushmore's parent firm, Roosevelt ...
The Latest Daily News for Mortgage Professionals | NMP
All the news from the mortgage industry for originators, including rates, analysis, technology, non-QM loans and other lending products, mortgage hires, and other mortgage industry updates.
Transferring Appraisals: Helping Lenders and Brokers Understand …
Jun 4, 2014 · Litigation appraisals are also addressed by Advisory Opinion 27. Sometimes appraisers perform appraisals for a client involved in litigation and then are asked to appraise the same property for the opposing party.
SPS Acquires Rushmore Loan Management Services – NMP
Sep 19, 2022 · Select Portfolio Servicing Inc. (SPS) has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC to acquire certain Rushmore assets, the company announced today. The acquisition will include hiring Rushmore servicing personnel and assuming Rushmore servicing contracts, it said.
The Latest Mortgage Technology News | NMP - National …
Oct 22, 2024 · The latest news on mortgage technology, software, and applications that impact loan originators, brokers, and mortgage bankers. Mortgage tech tools include CRMs, e-documents, LOSs, closing tech, mobile apps, POSs, and more.
Mortgage Events, Conferences, Webinars, and Expo Shows | NMP
NMPs calendar of upcoming events for originators and mortgage bankers. Attend in-person conferences, expo shows, virtual conferences, webinars, and other events. Find events from our Mortgage Leadership Outlook series to national conferences by Originator Connect Network.
Mortgage Company Directory | NMP
National Mortgage Professional’s directory of mortgage businesses and companies, including technology providers, wholesale and non-QM lenders, appraisal management companies, private lenders, and more.
Licensing Requirements for Mortgage Loan Originators
Oct 18, 2022 · Education and Testing Requirements. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) was passed in 2008 and became effective on Aug. 1, 2009. This law mandates certain requirements for people who want to become mortgage loan originators. Under the law, prospective MLOs must register with the Nationwide Multistate Licensing System (NMLS) and provide fingerprints for ...
Mortgage Regulation and Compliance News | NMP
Oct 4, 2024 · Mortgages rules, regulation, and compliance affecting mortgage bankers, loan originators, and servicers. Updates from the CFPB, HUD, FHFA, how to understand them, and how they will impact your mortgage business.
The Survival Of Wholesale And Correspondent Lending
Sep 22, 2020 · The difference between a wholesale transaction and correspondent transaction can be summed up with the following. A wholesale transaction occurs when a third-party originator, originates a loan and sends that specific loan to a direct lender to be underwritten, closed and funded by the lender.