NMP – Mortgage News – Daily News, Rates, and Analysis
The source for daily mortgage news. Rates, analysis, and industry insight for mortgage advisors, originators, bankers, and all loan origination professionals. Home of NMP, Mortgage Banker, and Mortgage Women Magazine.
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 ...
Mr. Cooper To Buy Flagstar's Mortgage Servicing, TPO Platform
Jul 25, 2024 · Mr. Cooper has entered into a “definitive agreement” to buy Flagstar Bank’s residential mortgage servicing business for $1.4 billion, including their mortgage servicing rights (MSRs) and third-party origination (TPO) platform, the company announced in a press release Thursday.. Flagstar Bank is a subsidiary of New York Community Bankcorp, Inc. (NYCB), acquired by NYCB at the end of 2022.
Lower, LLC And Thrive Mortgage To Merge In 2024
Dec 14, 2023 · Family-owned Thrive Mortgage, LLC is merging with Lower, LLC. The two are expected to combine their teams in the first quarter of 2024. This union will create a unified lender boasting over 650 loan officers and 120 active branches across the nation. Both entities, according to Modex, have collectively originated approximately $3.3 billion in the last year.
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 ...
The Latest Daily News for Mortgage Professionals | NMP
2 days ago · 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.
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.
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.
NMLS — Then, Now, And To Come – NMP - National Mortgage …
Nov 2, 2023 · The organization that substantiates the existence of mortgage loan originators (MLOs) is officially a teenager. The Nationwide Multistate Licensing System (NMLS) is celebrating its 15th year since being founded by its operator, the Conference of State Bank Supervisors (CSBS). The legal system of record for mortgage licensing in the U.S., NMLS recently ushered in a new proposal to create ...
The Latest Mortgage Technology News | NMP - National …
1 day ago · 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.