Incenter Diligence Solutions in the News

Welcome to Connect, a podcast featuring one-on-one interviews with some of the top movers and shakers in the mortgage industry. This week we welcome Pamela Hamrick, President, Incenter Diligence Solutions

In Episode 26 of the Scotsman Guide Author Showcase, Carl White interviews Pamela Hamrick of Incenter Diligence Solutions about his article, “Prevent the Dreaded Loan Buyback,” in the January 2024 issue of Scotsman Guide Residential Edition.

Serious delinquency rates by at least one measure have dropped to a low not seen since 1999, but distressed servicing trades may be trending in the other direction. That’s in part because interest rate-related developments have created an environment where more mortgage firms are interested in selling, according to Pamela Hamrick, president of Incenter Due Diligence.

The latest round of loan performance numbers adds to evidence there’s relative strength in mortgages compared to other consumer finance sectors, but there are still reasons to worry about performance.

As lenders ponder whether they should engage in a new paradigm around how they operate going into the new year, shaving costs is still a priority.

Outsourcing might be key in achieving such a goal, some industry stakeholders argue. By some accounts, close to 90% of players in the mortgage space offload some sort of non-core work to an outsourcing partner.

Picture this: An independent mortgage bank (IMB) that makes 100 loans per month is gradually and strategically emerging from the industry downturn. The lender has diversified its products and services, automated its previously clunky processes and hired some star loan officers.

Just before Labor Day, Fannie Mae instituted new prefunding quality control review requirements, leading to larger discussions of the financial impact of QC processes on mortgage lenders. MBA NewsLink asked Pamela Hamrick, President, Incenter Diligence Solutions, to elaborate.

Pamela Hamrick, President of Incenter Diligence Solutions, has been honored by Mortgage Banker Magazine as one of the most “Powerful Women of Mortgage Banking.” She is among 11 innovative leaders being celebrated in the October magazine issue.

Mortgage servicing rights trading has remained brisk thus far in 2023. To help buyers and sellers capitalize on this important strategy while minimizing their risks, MBA NewsLink interviewed Tom Piercy, Managing Director, and Bob Dowell, Managing Director, Analytics, with Incenter Mortgage Advisors and Pamela Hamrick, President of Incenter Diligence Solutions.

Incenter Diligence Solutions, a provider of due diligence and document management services for the mortgage industry, said Wednesday it has expanded its offerings for the mortgage servicing rights (MSR) trading market.