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NTC Hits Industry Milestone for Electronic Recordation

 

PALM HARBOR, Fla. –September 8, 2014–Nationwide Title Clearing, Inc. (NTC), a leading research and document-processing provider for the mortgage and financial industry, reported today that the company had hit an important milestone in its quest to help mortgage loan servicers handle more business electronically by sending 60% of its volume to County Recorders in electronic form. …

IDS Launches Mortgage Compliance Resource Center for Doc Prep Clients

Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has launched a comprehensive “Resources” website within its flagship doc prep system idsDoc. The main feature of the site, a compliance-centric blog authored by IDS Compliance Officer Jonathan Johnson, was made available to clients through the idsDoc doc prep platform on Aug. 8.

NTC Snags Third Inc. 5000 Award, Places Number 2,097 on List of Fastest-Growing Companies

NTC celebrates company growth by earning number 2,097 on the Inc.5000 list of fastest-growing companies.

Equifax Further Streamlines Lenders' Mortgage and Home Equity Origination Pipelines

ATLANTA, July 29, 2014 (GLOBE NEWSWIRE) -- Equifax Inc. (NYSE:EFX) announced today the availability of its Verification of Hazard Insurance (VOHI) for mortgage and home equity lenders, a turnkey process that verifies the status of homeowners' insurance on purchases, refinances and home equity loans and lines, reducing delays and processing costs while streamlining the loan origination process

Property Reports Made Easy—Nationwide Title Clearing, Inc. Revamps Website, Online Ordering Available

Title defects have become a major cause for concern within the real estate market in recent years, which some feel cause wrongful foreclosures and others feel they contribute to stagnation of what would otherwise be a smooth transition of assets within the secondary market. According to Nationwide Title Clearing, Inc. (NTC) executives, property records hold the key to ensuring a clear title conveyance and reducing the risk of buyback or inability to foreclose. NTC, a leading research and document-processing provider for the mortgage and financial industry, has taken steps to make the process of securing property reports simple—the company recently launched an updated website, making property reports available online.

Old Republic Credit Services Announces New Product That Brings Consumer Credit Verification To A New Level – Borrower Verification Report

Old Republic Credit Services (ORCS), a national leader in credit-related services, today announced the release of a new electronic verification process that provides a fast and secure solution for borrowers to verify information found on their credit report.

IDS Sees Significant Mortgage Document E-sign Adoption Among Customers in 2013

.  “Electronic signature adoption continues to grow amongst lenders, particularly as more federal and state entities begin to accept E-signed documents,” said Mark Mackey, executive vice president at IDS.  “Now that the Federal Housing Administration has begun accepting E-signed documents, we expect to see continued growth in E-sign adoption, both within our customer base and industry wide.” …

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: Jumbo Loans Present Much Higher Fraud Risk in Recent Quarter

 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 and Veri-Tax Deploy Automated IRS Tax Transcript Retrieval Tool for Lenders

 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. …

AmeriSave Mortgage President Retires, New President Announced

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 Takes eSign to the Streets, Signs 4506-T in Moving Tesla

 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 Rolls out QM Test Functionality

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. …

NTC’s Myron Finley Named Co-chairperson of PRIA Committee

 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. …

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