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Black Knight’s MSP Servicing System Supports Surge in Home Equity Loans With a Single Platform

- MSP services first mortgages, home equity loans and lines of credit, and consumer loans on a single, comprehensive platform

- MSP servicing system supports servicers’ efforts to remain compliant with regulatory requirements

- Single-platform servicing offers a clearer view of customer opportunities and risks

NTC Study Reveals up to 490,000 Homeowners May be Affected by Inaccurate Servicing Records

The Consumer Financial Protection Bureau (CFPB), on August 19, issued a compliance bulletin and policy guidance titled: Mortgage Servicing Transfers. The guidance replaces the earlier document with the same title, and directly addresses the highlighted concerns that the transferor and transferee in all transactions involving MSR or whole loan sales are jointly and separately responsible for the integrity of the data and documents of all loans involved in the transfer. The document puts particular attention on loans involved in residential mortgage servicing transfers with pending loss mitigation activities.

Black Knight Financial Services Delivers SalesEdge, a Complete Lead Management and CRM Solution In One System

- Provides an innovative solution to help mortgage lenders manage new leads and nurture client relationships.

- Helps lenders improve sales efficiency and reveal new sales opportunities.

- Offers dashboard views and reports to effectively distribute and assign new leads and manage loan officer performance.

- Integrated with Black Knight's Empower loan origination system, and populates data to the MSP servicing platform.

ServiceLink Adds Valuations and Appraisal Pro Nick Johnson To Executive Sales Team

ServiceLink, a leading end-to-end servicing and default solutions provider for mortgage lenders and servicers, today announced the addition of respected industry veteran Nick Johnson to its national sales executive team.

ServiceLink Welcomes Kelly Johnson to Its Executive Sales Team

ServiceLink, a leading end-to-end servicing and default solutions provider for mortgage lenders and servicers, today announced the addition of respected industry veteran Kelly Johnson to its national sales executive team.

IDS Mortgage Document Volume Indicates Spike in HELOCs in 2014

SALT LAKE CITY, Oct. 2, 2014—According to document volume data from mortgage document preparation vendor International Document Services, Inc. (IDS), home equity lines of credit (HELOCs) have increased significantly amongst IDS customers in 2014. Beginning in Q1 2014 through Q3, IDS customers have already drawn more HELOC loan docs than they did in all of 2013. If current totals hold steady, 2014 HELOC loan doc draws could exceed those of 2013 by nearly 65 percent. …

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…

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