Exec Sees Trend Toward Bundling

Mortgage reform may be uncertain, but the trend toward offering one-fee mortgages and bundled services will continue, according to Tom DellaTorre, president of Transamerica Vendor Management and Consulting, a recently formed joint venture.Touted as a “first-of-its-kind” venture between Transamerica Real Estate Information Services, Dallas, and ValuAmerica Consulting, Pittsburgh, TA VMAC was formed to help lenders manage mortgage settlement services more efficiently and economically, and to enable them to enter Guaranteed Mortgage Package Agreements with borrowers. While ABN Amro was first to market with one-fee mortgages, Mr. DellaTorre told MortgageWire that Transamerica REIS has found that many lenders are looking for ways to do the same thing successfully. He said ValuAmerica's proprietary electronic order system, ValuNet, enables TA VMAC to offer lenders the widest choice in selecting, monitoring, delivering, and pricing settlement services. Transamerica REIS can be found online at http://www.transamericafinance.com/tfc/realestate.asp, and ValuAmerica can be found at http://www.valuamericaconsulting.com.