Nationwide Title Clearing (NTC) Comments on Newly Enacted Mortgage Rules, Expects Market-Driven Effect on Company Practices
NTC comments on the recently implemented mortgage rules designed to eliminate risky lending practices – NTC predicts the rules will place emphasis on the company’s compliance services.
(Palm Harbor, FL) January 21, 2013—As a result of the questionable lending practices that led to the housing crash, the Consumer Financial Protection Bureau (CFPB) has established a national standard for issuing mortgages. The Ability-to-Repay Rule, designed to protect consumers from debt traps, took effect Jan. 10. Nationwide…
Interthinx, a leading provider of comprehensive risk mitigation solutions for the financial services industry, has released its quarterly interactive Mortgage Fraud Risk Report, covering data collected in the third quarter of 2013. For this quarter, the national Mortgage Fraud Risk Index value is 108, a 4 percent increase from last quarter and a 10 percent increase from one year ago. Of note in this quarter's findings, the jumbo loan index values are much higher across all
Rushmore Loan Management Services Announces Approval as a Freddie Mac Seller/Servicer Company Also Receives Positive Rating from S&P
Rushmore Loan Management Services LLC (“Rushmore”) announced today two positive corporate developments that support a strong outlook for the company’s business. The company announced that it has received approval to act as a Freddie Mac seller/servicer. With this approval, Rushmore is now an approved seller/servicer for both government-sponsored enterprises, Freddie Mac and Fannie Mae, as well as an approved issuer of Ginnie Mae mortgage backed securities.
DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, announced a new integration with Veri-Tax, the industry’s leading provider of verification and ability-to-pay solutions. Together, DocMagic and Veri-Tax have created the first automated ordering mechanism for retrieving tax transcripts from the IRS, which is triggered when a borrower successfully eSigns the 4506-T form via DocMagic’s eSign platform. …
Carol Poupart who has served as President of AmeriSave Mortgage Corporation for the past 7 year has announced her retirement effective November 1, 2013. During Carol’s tenure the company has grown exponentially and added a third party division to its very successful on-line lending program.
The company is pleased to announce the promotion of Mark Lively to the President position. Mark joined AmeriSave in December of 2009 after a lengthy career in the industry with several…
DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, has taken the all electronic mortgage lending process to a whole new level by completing the first ever electronic document eSigning from a remote location while in motion. The firm recently completed, and memorialized on video, the eSigning of an IRS 4506-T from inside a moving Tesla automobile, using the car’s own 17” touchscreen.
DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, said it will roll out its new qualified mortgage (QM) test to its customers this month. The new functionality, based on the most recent rules handed down by the federal government, is in testing now with a select group of DocMagic clients.
Nationwide Title Clearing, Inc. (NTC), a leading research and post-closing services provider for the residential mortgage industry, has long been an advocate for remaining abreast of the ever-changing regulations in the mortgage industry. As a result, NTC’s Chief Legal Officer, Myron Finley, was appointed co-chairperson of the Property Records Industry Association (PRIA) Business Processes and Procedures Committee. As a new member, Finley collaborated on a PRIA 2013 Annual Conference panel discussion regarding document indexing standards. …
Nationwide Title Clearing, Inc., is named one of Florida’s fastest-growing companies and earns number 56 on the Florida Fast 100 Awards List.
LANSDALE, Pa., Sept. 24, 2013 – Global DMS, the leading provider of Web-based compliant valuation management software, announced that it has been chosen by Mortgage Technology magazine as a finalist for its 2013 Transforming Valuations Award. According to the magazine, the Transforming Valuations Award recognizes technology advancement in the appraisal, broker price opinion or automated valuation sectors. The winner will be announced at the Mortgage Technology Awards ceremony hosted by SourceMedia at the 100th Annual Mortgage
AmeriSave Mortgage Corporation is, effective immediately, eliminating all AmeriSave published conventional overlays. Mark Lively, Executive Vice President of Credit Risk stated, “The volume of business being delivered to our wholesale division continues to be of exceptional quality and the performance is outstanding. With this in mind Amerisave believes it warrants the removal of our existing overlays to help our customers deliver even more great business to Amerisave with fewer obstacles.”
Clear Capital® , the premium provider of data and solutions for real estate asset valuation and collateral risk assessment, today released its Home Data Index™ (HDI) Market Reportwith data through August 2013. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than nearly any other index provider in the industry. …
Nationwide Title Clearing, Inc. (NTC), one of the country’s top leading service providers to the mortgage and financial industry, made the Inc. 500|5000 list again this year at number 1900 – despite the fact that the nation’s estimated economic growth rate of 1.4 percent so far in 2013 is well below last year’s levels (1). Inc. magazine, one of the few major business magazines addressed solely to CEOs of fast-growing, private companies, unveiled its annual…
Interthinx, a leading provider of comprehensive risk mitigation solutions for the financial services industry, recently hosted its annual National Risk Summit in Avon, Colorado. Created to promote open discussion about the risks and challenges of the current marketplace, this year's event drew lending professionals from across the nation.
Everyone in the mortgage industry knows that appraisals take time. They are one of the factors that make residential mortgage turn-around times slower than they need to be. In this age of increased regulations and record levels of mortgage applications, efficiency and speed are essential. NOVO Appraisal Management has developed a new tool that is about to change expectations entirely.
- Nationwide Title Clearing (NTC) Comments on Newly Enacted Mortgage Rules, Expects Market-Driven Effect on Company Practices
- Interthinx: Jumbo Loans Present Much Higher Fraud Risk in Recent Quarter
- Rushmore Loan Management Services Announces Approval as a Freddie Mac Seller/Servicer Company Also Receives Positive Rating from S&P
- DocMagic and Veri-Tax Deploy Automated IRS Tax Transcript Retrieval Tool for Lenders
- AmeriSave Mortgage President Retires, New President Announced