360 Mortgage Group has announced the release of Broker Docs, a closing document clearing functionality now available online to all 360 Mortgage Group brokers. Click to continue See the original article here: 360 Mortgage Group Adds Closing Doc Functionality to Its Broker Network … [Read more...]
New CoreLogic Tool to Assist Servicers Adapt to Default Process Changes
February 21, 2012 by
CoreLogic has released a new default servicing platform to the mortgage industry that will streamline the way mortgage servicers manage loans through all stages of the default lifecycle. The new platform, named DefaultView, opens pathways between previously disconnected servicing functions, allowing … [Read more...]
Quandis Integrates Military Search Service With Case Management System
February 15, 2012 by
Quandis Inc., a provider of default management mortgage technology solutions, has announced that it has integrated its military search service with KMC Information Systems LC’s (KMCIS) CaseAware solution that is utilized by law firms and trustees in default servicing. The new integration is … [Read more...]
Nationwide Title Clearing Accused of Faulty Practices by Illinois AG Madigan
February 2, 2012 by
Illinois Attorney General Lisa Madigan has filed a lawsuit against Nationwide Title Clearing (NTC) for filing faulty documents with Illinois county recorders. NTC is a Florida-based company that prepares documents for mortgage servicers to use against borrowers who are in default, foreclosure or … [Read more...]
Report Finds Mortgage Delinquencies Drop 25 Percent From September 2011 Peak
January 27, 2012 by
The December Mortgage Monitor Report released by Lender Processing Services Inc. Taken from: Report Finds Mortgage Delinquencies Drop 25 Percent From September 2011 Peak … [Read more...]
Moving Through the Short Sale Process Using Technology
January 17, 2012 by
The mortgage meltdown, depreciating home values and a dragging economic landscape have foreclosures at an all-time high. However, short sales are increasingly emerging as a viable, preferred alternative to foreclosures See more here: Moving Through the Short Sale Process Using Technology … [Read more...]
Lender Insurance to Play a Key Role in the Future of Mortgage Banking
January 16, 2012 by
Economic conditions and ongoing regulatory changes continue to alter the course of the mortgage banking industry. In an ever-evolving time for mortgage professionals, the idea of lender insurance products may be the shelter that many seek View article: Lender Insurance to Play a Key Role in the … [Read more...]
Foreclosures Nationwide Experience 34 Percent Year-Over-Year Drop
January 12, 2012 by
The RealtyTrac year-end 2011 U.S. Foreclosure Market Report shows a total of 2,698,967 foreclosure filings—default notices, scheduled auctions and real estate-owned (REO) properties—were reported on 1,887,777 U.S Continue reading here: Foreclosures Nationwide Experience 34 Percent … [Read more...]
George Washington University Study Reveals FHA’s Layered Risk Increases Likelihood of Default
November 14, 2011 by
A new study conducted by the George Washington University School of Business (GWSB) has found that the Federal Housing Administration (FHA) is at risk and needs to rethink layering risk— especially to borrowers with poor credit history and high payment burdens. The new report, released by … [Read more...]