As the business continues to shift and new loans are harder to find, more originators that have the capacity to service their own loans are doing so. The risks of having these borrowers churned out of the portfolio by another lender hungry for business are just too high and so lenders are staying closer to their borrowers. Even servicers who have used subservicers in the past are pulling their servicing back in house, according to MortgageFlex, which offers the added benefit of cost savings. MortgageFlex is having more of these conversations in the wake of releasing a big update for its SQL-based, cloud-hosted, multi-lingual servicing portal. It’s a modern, nimble, cost-effective solution that is getting servicers’ attention. Find out more by contacting John McCrea or visit www.mortgageflex.com.
As the business continues to shift and new loans are harder to find
