Fidelity National Financial Inc., Jacksonville, Fla., has announced the addition of new reporting capabilities and a search feature to its BuyBankHomes.com Web portal on foreclosed properties.The new reporting capabilities enable financial institutions to obtain information on their listed properties, including the number of times a property has been displayed or e-mailed to an interested party. The search feature allows brokers to locate properties that have not been distributed to other brokers or agents, FNF said. The portal can be found at http://www.buybankhomes.com.
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The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.
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The lender specifies a broad range for penalties but filings by the third-party originator's attorneys cite testimony where the specific formula is unclear.
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