The CFPB’s Integrated Mortgage Disclosure Rules are about to take effect, and the e-delivery of mortgage disclosures is taking center stage in the industry. Beginning August 1, 2015, there will be only two ways to shorten the closing timeline: hand-deliver the Closing Disclosure or do it electronically. In this white paper, we discuss how e-signatures […]
Dive Deeper in NTC’s Training Paradigm: In this paper, learn how and why it’s so important to maintain excellence in your training programs for your workforce. Publisher: Nationwide Title Clearing Date: April 2015 Format: White Paper
With the costs of compliance layering expense on the origination process, automation of appraisal review has become more important than ever to help lenders increase efficiency and increase confidence related to value estimates. Although there are several appraisal scoring options available, optimal solutions will examine each appraisal for potential risk within and outside of the […]
In today’s market place, companies are increasingly outsourcing tasks to third party vendors in an effort to reduce operating costs and increase their focus on core functions. While there are many benefits to using a third party vendor, there can also be significant risk. The Office of the Comptroller of the Currency (OCC), CFPB and […]
As the mortgage lending industry continues to work through a myriad of challenges, one truth is emerging clearly. Consumers will be won or lost based on how easy lenders make it to engage with them. While giving borrowers a smooth and efficient process is key to winning them over, the successful lender of tomorrow must […]
While the housing crash was heartbreaking, the recovery has been nearly miraculous. In the past two years, housing gains and a strong stock market have restored $14.22 trillion to household wealth, the largest such increase in any two-year period in US history, according to the Federal Reserve.6 Homes.com has conducted a comprehensive assessment and analysis […]
Online and offline, consumer anxiety about providing personal data to complete mortgage and other loan applications is at an all-time. High-profile data breaches at Target and other retailers have made consumers more conscious than ever of the threat to their personal data. For lenders, this presents a potential roadblock to completing mortgage and other loan […]
The distressed housing market was recently tested during the housing crash, which created defaults in mortgage loans of unprecedented proportions and a historic surge in the amount of foreclosures. Traditional methods to deal with unpaid loans have been widely used, such as courthouse auctions, the bank real estate owned (REO) process, and the short sale […]
As winter’s polar vortex gives way to the warmer temperatures of spring, many property owners and default asset managers are turning their attention to pool maintenance. The Association of Pools and Spa Professionals (APSP) estimates that there are over 8 million residential swimming pools in the United States. At the same time, RealtyTrac reports that […]
This white paper is based on a dataset of over 20,000 foreclosure loan files initiated from 2007 through 2013 in one large county in the state of Florida. Our analysis compares law firm timelines in foreclosure cases. The data reveals that foreclosure litigation timelines differ substantially among law firms. This white paper calculates variation in […]
Buying a new home can be one of the largest and most stressful purchases consumers make in their lives, and refinancing that new home can be equally trying. Getting a mortgage has even been deemed more stressful than finding a new job. Lenders can either add to that stress or make the experience simple and […]
The OCC and CFPB have recently issued new third-party oversight requirements, and they have a big impact on all appraisal operations. Download the white paper with full description of the changes and much more. This white paper includes: Links to all relevant regs Warnings: Fourteen signs you’re not in compliance Easy solutions for compliance, no […]
“[A]s long as the original note is not satisfied and replaced, and there is no additional extension of credit, as we define it, the restructuring is valid and need not meet the constitutional requirements for a new loan.” This phrase at the opening of the Texas Supreme Court’s opinion in Sims v. Carrington Mortgage Services, […]
The mortgage industry operates more carefully today than ever before in terms of the types of risks it will allow. Credit rules are strict, valuation oversight is high, antifraud measures are taken and new originations are made virtually digital before submission to the major investors. But a danger exists that poses a tremendous risk for […]
This white paper is written for mortgage servicers that manage the lien release process as a final step in processing mortgage loan payoffs. This report covers best practices for managing third party service providers for the processing of lien release documents, with attention to new OCC, CFPB and National Mortgage Settlement requirements.