Mortgage servicing

Mortgage servicing

The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan.
References in periodicals archive ?
Chicago, said that the mortgage division of its bank (Cole Taylor Bank) would be establishing a mortgage servicing platform following the purchase of mortgage servicing rights and certain office space and equipment from Liberty Savings Bank FSB, Wilmington, Ohio.
will relocate some 200 mortgage servicing employees to the Woodcrest Corporate Center in Cherry Hill, N.
In addition, the treatment of certain "customer-based intangibles," including mortgage servicing rights, is of particular significance for financial institutions.
122, Accounting for Mortgage Servicing Rights, amending SFAS No.
A mortgage banking enterprise that acquires mortgage servicing rights through either the purchase or origination of mortgage loans and sells or securitizes those loans with servicing rights retained should allocate the total cost of the mortgage loans to the mortgage servicing rights and the loans (without the mortgage servicing rights) based on their relative fair values if it is practicable to estimate those fair values.
GCC Servicing Systems, a Southfield-based mortgage servicing provider, announces the appointment of Brian Dharte as director of sales.
a provider of real estate information research and report generation services for the title and mortgage servicing industries, announced the successful completion of a joint effort to integrate its property data into General American Corporation's GATORS settlement services tracking system.
The Raleigh, North Carolina, servicing center will remain with First Union Mortgage Corporation and will be restructured as part of First Union's announced plans to exit the mortgage servicing business, according to Wells Fargo.
in addition, the consensuses on the determination of what constitutes all risks and rewards and no significant unresolved contingencies in a sale of mortgage servicing rights under Issue no.
The news was announced today at the Mortgage Bankers Association's 2007 National Mortgage Servicing Conference and Expo in San Diego.
The Financial Accounting Standards Board exposed for comment a statement on mortgage servicing rights.
a provider of automated servicing technology for the mortgage banking industry, announced the integration of a reverse mortgage servicing component into its flagship product, Servicing/T.