#mortgage-servicing

#mortgage-servicing

Rocket delivered a standout quarter, balancing short- and long-term execution in a category of one. I am very proud of the Rocket team for surpassing the high end of our adjusted revenue guidance range, accelerating Redfin momentum and closing the Mr. Cooper transaction the largest independent mortgage company deal in history, said Varun Krishna, CEO and director of Rocket Companies. We are building a vertically integrated homeownership platform for the AI era.

Founded in 2008 and headquartered in Melville, New York, Reliance is a fully integrated direct-to-consumer mortgage origination platform that has 315 employees, including more than 150 loan officers and sales managers, across six call centers. Reliance originates approximately $1 billion in mortgages each year across government, agency, non-agency/non-QM and second-lien loan products. The company's servicing portfolio of more than 16,000 customers and $3 billion in unpaid principal balance will move onto Carrington's platform once the transaction closes.

PennyMac posted net revenues of $632.9 million in Q3 2025, up 42% on a quarterly basis and 54% higher on a yearly basis. Expenses rose 8% between the second and third quarters to reach $396.5 million. PennyMac Financial delivered outstanding financial and operational results in the third quarter, with an 18 percent return on equity, David Spector, the company's chairman and CEO, said in a statement.

This partnership between Sagent and IHFA is a breakthrough in how technology can help address America's home affordability crisis, said Geno Paluso, CEO of Sagent. By automating claims to reduce operational costs, Dara Claims helps IHFA recover more servicing expenses and reinvest in affordable housing programs. Helping servicers support successful homeownership is what Dara by Sagent is all about. The first-to-market implementation of Dara Claims allows IHFA to process claims within its existing servicing system,

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.