TransUnion Settlement Solutions, Wilmington, Del., has announced the release of StreamLoan Title, an alternative title insurance-backed product designed to streamline closing for home equity lenders.Specifically, the offering enhances TransUnion's end-to-end real estate settlement offering. TransUnion said the application provides lenders with a Master Title Insurance Loan Policy that protects each security interest created through their qualifying residential home equity loan program. StreamLoan Title is underwritten by a title insurance policy and offers collateral protection that is acceptable for the risk involved. An individual loan certificate is issued for each loan that is underwritten to the approved guidelines and procedures, and serves as evidence of the lender's title insurance coverage, the company said. TransUnion can be found on the Web at http://www.transunion.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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