NMP – Mortgage News – Daily News, Rates, and Analysis
NMP is a source of news, data, and insights for the mortgage industry. Find the latest stories, events, webinars, podcasts, and magazines on topics such as non-QM, fair lending, home prices, and more.
SPS Acquires Rushmore Loan Management Services – NMP
Sep 19, 2022 · Select Portfolio Servicing Inc. (SPS) will buy certain assets of Rushmore Loan Management Services LLC, a residential mortgage loan servicing company, in the fourth quarter of 2022. The transaction will create a stronger and larger platform for the industry, with over 1,600 associates and 1.4 million loans.
The Latest Daily News for Mortgage Professionals | NMP
Find the latest news and analysis on the mortgage industry, including rates, technology, non-QM loans, and more. Subscribe to get updates from NMP, a beacon for industry experts.
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.
Mr. Cooper To Acquire Rushmore Residential Loan Servicing …
Apr 26, 2023 · Mr. Cooper Group announced it will acquire Rushmore Loan Management Services LLC, a mortgage servicer with $37 billion in UPB, as part of its asset management strategy. The deal follows Mr. Cooper's agreement to buy Rushmore's parent, Roosevelt Management Co., and comes as the company reports strong earnings and growth opportunities.
Transferring Appraisals: Helping Lenders and Brokers Understand …
Jun 4, 2014 · Learn how appraisers and lenders should handle appraisal transfers, updates, and reliance letters according to USPAP Advisory Opinion 26. Find out the rules and standards for identifying clients, intended users, and intended uses in appraisal assignments.
Rocket Pro Originate Mortgage Platform To Close; Shifts Focus To ...
Feb 28, 2024 · Rocket Pro Originate, a platform for real estate and financial professionals, will stop sponsoring mortgages by June 2024. Originators must find alternative sponsorship or close their loans by then, as Rocket shifts focus to mortgage brokers.
Non-QM Product and Mortgage News | NMP
Aug 22, 2024 · The latest news on Non-QM products, professionals, and the industry. Non-QM loans allow mortgage professionals to qualify lenders with alternative methods to income-based methods.
Licensing Requirements for Mortgage Loan Originators
Oct 18, 2022 · To become a mortgage loan originator in the U.S., you need to pass a test, register with the NMLS, and meet other conditions, including securing a bond. The bond amount and premium depend on your state and risk profile.
CrossCountry Mortgage To Acquire LendUS – NMP
Apr 28, 2022 · CrossCountry Mortgage confirms deal to buy LendUS, a retail lender with a history of illegal and unethical practices. LendUS has been fined, sued and involved in a data breach, while CrossCountry praises its customer service and growth plan.