As attendees from the MBA’s servicing conference headed home this week, they may have learned that some airport lounges are cutting back on free guests. Some of those attendees work for depository banks, and they are in flux when it comes to servicing portfolios: Certainly reports of the majority of them shedding servicing are erroneous. Reports have Mr. Cooper, Nationstar, Chase, PNC, 5 3, all increasing their servicing portfolios. Other trends being discussed in the hallways at the conference include an increased scrutiny of regulators and auditors of the fair value of servicing, and counterparty financial strength of servicing sellers declining. Certainly, one topic is Wells Fargo’s shift in residential mortgages: Will its servicing hit the market in one big chunk? The general consensus is “probably not” and that Wells will sell its Ginnie portfolio (FHA, VA) and delinquent loans to reduce servicing costs. $400 billion of whole loans. Wells is not in any rush, and will look for fair prices, which is the best way to sell anything, right? (Today’s podcast can be found here and this week’s is sponsored by Agile, bringing the mortgage capital markets into a new digital era. From lenders to dealers, Agile is the new way to quote MBS.) Lender and Broker Services and Products The Empower® loan origination system (LOS) from Black Knight is the one-stop shop for lenders looking for an easier, faster, and more satisfying loan process that ultimately costs less money. Over the last year, more than 25 leading credit unions, banks and independent mortgage bankers turned to the Empower LOS to automate their mortgage process, implement exciting new innovations and capture new efficiencies and cost reductions. With a complete LOS ecosystem that seamlessly integrates with a natively embedded point-of-sale and loan officer workspace, the Optimal Blue® PPE, the Surefire℠ CRM, and more innovative solutions, Empower isn’t just any LOS. It’s an invitation to experience cutting-edge mortgage technology that will transform the way you do business. Talk with Black Knight today, and see why Empower is the proven LOS platform that positions lenders to win in a difficult lending market.