AUSTIN, TX – June 03, 2021 – Peoples Processing Inc. announced today that it has recently promoted Manoj Naik to Head of Global Mortgage Operations. In his new role, Manoj will be responsible for overall client delivery/operations across the globe. Manoj provides guidance and leadership to a diverse team of...
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Mortgage lending is a competitive market. In recent years, the rising costs, stricter compliance requirements, and the steady increase in loan applications have led to an increase in risks. Lending involves a lot of paperwork, data processing, and verification. This needs human resources and the right tools to ensure...
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A recent article written by James Kleimann, published on HousingWire, describes how an increase in loan production costs is bringing lenders’ profits crashing back down to earth. According to the Mortgage Bankers Association’s latest quarterly performance survey, IMBs posted a net gain of $3,738 per originated loan in the...
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In a highly competitive mortgage landscape, a reduction in the turnaround time can become a major differentiator in the business performance and in staying ahead of the competition. Now more than ever, mortgage lenders need to be diligent about implementing ways to streamline operations considering the unpredictable nature of...
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In April, the Consumer Financial Protection Bureau (CFPB) put in efforts to strengthen protections for pandemic-affected struggling borrowers through a host of proposals. The proposed rules aim to discourage servicers from initiating foreclosures until after the end of this year, encouraging them to offer certain streamlined loan modification options...
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AUSTIN, TX – May 6, 2021– Peoples Processing, Inc., announced today that their CEO, Sam Verma was named the winner of a Bronze Stevie® Award in the category, ‘Entrepreneur of the Year – Financial Services’ in The 19th Annual American Business Awards®. The American Business Awards are the U.S.A.’s...
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As a part of its efforts to prevent a huge spike in foreclosures, the Consumer Financial Protection Bureau (CFPB) recently instructed mortgage servicers to ramp up their communication with homeowners who will likely need further assistance. As of January 2021, over 2.7 million consumers were still in forbearance programs...
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Mortgage Processing is complex and data-intensive. With the rise in mortgage requirements over the years, the competition among lenders has been increasing too. To stand apart and offer the customers the best, time, efficiency, and accuracy of loan processing remain vital and so does the process of underwriting. Financial...
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The current environment in default servicing is complex. Frequent new regulatory and policy updates mean lenders and servicers of all sizes are struggling to keep up. Besides, growing customer expectations also pose unprecedented challenges for lenders and servicers alike. The large number of mortgage forbearances currently in place has...
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AUSTIN, TX – March 30, 2021 – Peoples Processing, Inc., announced today that it has recently appointed Rich Kean as Senior Manager, Client Engagement. In this new role, Rich will be responsible for bringing in and managing new strategic partnerships with marquee clients. Before joining Peoples Processing, Rich spent...
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