#mortgage-servicing

#mortgage-servicing

President Donald Trump signed the VA Home Loan Program Reform Act in late July, adding a partial claim option to the VA's loss-mitigation waterfall. The move brings the VA's approach closer to that of the Federal Housing Administration (FHA) and the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. It replaces both a partial claim program that sunset two years ago and the Biden administration's Veterans Affairs Servicing Purchase (VASP)

In addition to consumers, housing industry players are also feeling the strain caused by rising premiums. Affordability is already a challenge for homeowners and insurance is just another catalyst making it more difficult for a lot of consumers to continue making their payments, Toby Wells, the president of Cornerstone Servicing, said. He adds that this, in turn, drives up costs for servicers as they need to provide these consumers with loss mitigation efforts.

Peeler said, compressed weeks of talent acquisition work into minutes by automating job posting, candidate screening and interview scheduling tasks. That really informed my thinking around how AI could be disruptive beyond smaller point solutions by stringing things together.

We are excited about the cost savings for UWM, but even more excited about the opportunity to help brokers deepen their relationships with borrowers by leveraging MSP.