Feb, 26
2014
Banking and Finance, Business

Titan Capital Solutions Signs 65 Correspondent Jumbo Lending Clients in 2013

Author: Titan Lenders Corp
Dateline: Denver, Colorado (DENVER, Colo.)  | Wed, 26 Feb 2014

freeNewsArticles Story Summary: “Titan Capital Solutions (TCS), a wholly-owned correspondent lending subsidiary of mortgage outsource services provider Titan Lenders Corp., today announced it has achieved significant growth in 2013, signing on 65 clients in its first full year of operations.”



ARTICLE:

Titan Capital Solutions (TCS), a wholly-owned correspondent lending subsidiary of mortgage outsource services provider Titan Lenders Corp., today announced it has achieved significant growth in 2013, signing on 65 clients in its first full year of operations.

"While TCS was founded in late 2012, we didn't begin accepting applications until the end of the first quarter of 2013 so the growth we've seen thus far is encouraging," said Mary Kladde, CEO of TCS. "The appetite for quality jumbo products continues to increase in private money circles, and we feel that we are strongly positioned for continued growth in 2014."

Of those 65 approved sellers, they break down as follows:
* 18 banks;
* 36 corporations;
* 9 limited liability corporations (LLCs);
* 1 limited partnership (LP); and
* 1 partnership.

Among the most popular products being sold to TCS are the jumbo 15-year fixed, 5/1 ARM and 7/1 ARM. Currently, TCS is offering purchase/rate-and-term refinances jumbo loans for less than or equal to $1M with a 690 FICO score and 80 percent loan-to-value (LTV) ratio. Most incoming loans spend 24-48 hours in underwriting and TCS's Whole Loan Purchase Review (WLPR) cycle.

"Overall, TCS' products feature very stable pricing and 'common sense' underwriting protocols," Kladde added. "Our focus is on 'Nothing but Jumbo,' and customer service is our mantra. We want to be our sellers' first choice for placement of their jumbo product. Why settle for being less than your investor's top priority?"

About Titan Capital Solutions:

Titan Capital Solutions, a wholly-owned subsidiary of Denver-based Titan Lenders Corp., was created to support a secondary/capital market strategy for the correspondent lending channel. TCS is committed to correspondent mortgage lending best practices and has been staffed with deeply experienced correspondent specialists. In addition, TCS embraces a leadership role in the restoration of a private investment marketplace for the mortgage industry.

More information: http://www.titancapitalsolutions.com/ .

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Copyright © 2014 by Titan Lenders Corp and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: Titan Capital Solutions Signs 65 Correspondent Jumbo Lending Clients in 2013
• REFERENCE KEYWORDS/TERMS: Mary Kladde, Denver, Colorado, Titan Capital Solutions, Banking and Finance, Business, Finance, DENVER, Colo..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Titan Lenders Corp); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 26 Feb 2014 16:55:34 GMT].

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NEWS SOURCE: Titan Lenders Corp :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 26
2014
Banking and Finance, Real Estate

IDS Mortgage Document Preparation System Now Fully Supports E-Signatures for FHA Documents

Author: International Document Services, Inc.
Dateline: Salt Lake City, Utah (SALT LAKE CITY, Utah)  | Wed, 26 Feb 2014

freeNewsArticles Story Summary: “Mortgage document preparation vendor International Document Services, Inc. today announced that its flagship doc prep system idsDoc is fully capable of supporting electronic signatures for Federal Housing Administration (FHA) documents. The FHA announced on Jan. 30 that it would accept e-signatures on documents associated with FHA-insured loans.”



ARTICLE:

Mortgage document preparation vendor International Document Services, Inc. today announced that its flagship doc prep system idsDoc is fully capable of supporting electronic signatures for Federal Housing Administration (FHA) documents. The FHA announced on Jan. 30 that it would accept e-signatures on documents associated with FHA-insured loans.

"FHA acceptance of e-signatures has been a long time coming, and this is really the next step in the long march towards the fully realized eMortgage," said IDS Executive Vice President Mark Mackey. "Now, lenders no longer have to 'pull paper' as part of their process for FHA mortgages because virtually all loan documents can now be reviewed and signed electronically up until closing."

According to U.S. Department of Housing and Urban Development (HUD) Mortgagee Letter 2014-03, FHA will accept electronic signatures on the following documents for FHA Single Family Title I and II Forward Mortgages and Home Equity Conversion Mortgages:
* Mortgage Insurance Endorsement Documents;
* Servicing and Loss Mitigation Documentation;
* FHA Insurance Claim Documentation; and
* HUD Real Estate Owned (REO) Documents.

Furthermore, FHA directs lenders to comply with the definition of electronic signatures as outlined in the Electronic Signatures in Global and National Commerce (ESIGN) Act, as well as the requirements set forth within, "with the exception that FHA will not accept an electronic signature that is solely voice or audio."

IDS clients can begin e-signing FHA loan documents through the idsDoc E-sign portal. If your company is not set up for E-sign, contact your IDS account representative to activate this specific functionality.

About IDS, Inc.:

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, cutting-edge technology, and a diligent compliance team.

More information: http://www.idsdoc.com/ or call 800-554-1872.

###

Copyright © 2014 by International Document Services, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: IDS Mortgage Document Preparation System Now Fully Supports E-Signatures for FHA Documents
• REFERENCE KEYWORDS/TERMS: Mark Mackey, Salt Lake City, Utah, mortgage technology, Banking and Finance, Computing, Real Estate, SALT LAKE CITY, Utah.

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NEWS SOURCE: International Document Services, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 25
2014
Banking and Finance, Business

Phil Rasori of MCT to Participate in CMLA Session on Washington Lending Legislation

Author: MCT Trading, Inc.
Dateline: San Diego, California (SAN DIEGO, Calif.)  | Tue, 25 Feb 2014

freeNewsArticles Story Summary: “MCT Trading, Inc., a recognized leader in mortgage pipeline hedging and risk management services, today announced that its COO, Phil Rasori, will share his insight on an upcoming panel assembled by the Community Mortgage Lenders of America (CMLA), which is designed to address legislative issues and trending that will impact mortgage lending in 2014. The panel is being held in Phoenix, Ariz. on March 2.”



ARTICLE:

MCT Trading, Inc., a recognized leader in mortgage pipeline hedging and risk management services, today announced that its COO, Phil Rasori, will share his insight on an upcoming panel assembled by the Community Mortgage Lenders of America (CMLA), which is designed to address legislative issues and trending that will impact mortgage lending in 2014. The panel is being held in Phoenix, Ariz. on March 2.

The CMLA is a national mortgage banking trade association and advocacy group. Members have direct access to the nation's top experts on legal and regulatory issues and receive timely and accurate information on new and changing regulatory requirements. The CMLA's Washington D.C. based lobbying team ensures that small to mid-sized mortgage bankers have a seat at the table with key policy makers regarding how the industry is regulated.

The session is entitled "What's Coming Next from Washington." It will cover topics such as changes with the Financial Industry Regulatory Authority (FINRA), Consumer Financial Protection Bureau (CFPB), Ability-to-Repay (ATR) rule, Qualified Mortgage (QM), Qualified Residential Mortgage (QRM), GSE Reform, the Dodd-Frank Act, as well as key trending topics.

The panel is being held at the JW Marriott Desert Ridge in Phoenix, Arizona on March 2, 2014 from 4:30 p.m. to 5:30 p.m. MT in the Desert Suite III/IV meeting room.

Session Composition:

Moderator:
* Jeff Kibbey, General Counsel of Century Mortgage and CMLA Board Member.

Speakers:
* Phil Rasori, COO of MCT Trading.

* Steve Richman, National Spokesperson for Genworth.

* Rob Zimmer, CMLA Lobbyist.

Mr. Rasori is a recognized expert in capital markets operations in the mortgage banking industry. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization.

About MCT Trading:

MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, Calif. in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 100 clients on the HALO (Hedging And Loan sales Optimization) Program. MCT also offers a central lock desk service to mortgage bankers that effectively outsources the lock desk function called LockCentral.

For more information, please visit http://www.mct-trading.com/ or call (619) 543-5111.

About the CMLA:

The CMLA is a national community mortgage banking trade association representing Main Street community mortgage bankers. Founded in 2009, the CMLA is dedicated to providing a voice for the independent community based mortgage banker. The CMLA is founded on the principal that a thriving independent mortgage banking sector increases competition in the industry and provides borrowers with greater choice resulting in lower costs and innovative products.

For more information, visit http://www.thecmla.com/ .

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Copyright © 2014 by MCT Trading, Inc. and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: Phil Rasori of MCT to Participate in CMLA Session on Washington Lending Legislation
• REFERENCE KEYWORDS/TERMS: Mortgage Banking, San Diego, California, Community Mortgage Lenders, Banking and Finance, Business, Events, SAN DIEGO, Calif..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (MCT Trading, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 25 Feb 2014 19:01:18 GMT].

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NEWS SOURCE: MCT Trading, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 25
2014
Banking and Finance, Business, Real Estate

Home Owners Now Can Build the Loan They Want with Shore Mortgage ‘Flex Term’

Author: United Shore Financial Services
Dateline: Troy, Michigan (TROY, Mich.)  | Tue, 25 Feb 2014

freeNewsArticles Story Summary: “Loan officers at Shore Mortgage - one of a select group of home lenders operating in all 50 states - are counseling clients right now on a new mortgage option that allows home owners to customize both the length of the loan and the payment like never before imagined.”



ARTICLE:

Loan officers at Shore Mortgage - one of a select group of home lenders operating in all 50 states - are counseling clients right now on a new mortgage option that allows home owners to customize both the length of the loan and the payment like never before imagined.

"At Shore Mortgage, we don't force people into a 'one size fits all' mortgage," David Hall, President of Shore Mortgage, said. "Because the home owner is in control of the loan, the Flex Term can be a valuable and responsible means to help manage your budget."

With the Shore Mortgage Flex Term home loan, those buying a home or refinancing can now pick how long they prefer the loan to be and, consequently, what the monthly payment will be. Terms are available from eight to 30 years giving home buyers and home owners never before seen flexibility.

With Flex Term, rates are fixed over the life of the loan; they will not adjust. Loan amounts range up to $417,000.

Hall cited examples of how a Flex Term could help a client refinance without resetting the term. "Let's say, for instance, you took out a mortgage six years ago," he said. "You want to take advantage of a more favorable rate, but you don't want to restart the clock back at 30 years. The Shore Mortgage Flex Term can give you a 24-year term with today's better interest rate."

Other examples of where Flex Term could be beneficial include:
* In a refinance situation, some may be able to keep the payment constant while shortening the loan's length.
* Clients could set a pay-off time to a certain personal milestone like a retirement or a child going to college.
* For investment properties, a Shore Mortgage Flex Term could help manage cash flow.
* Others could even eliminate costly private mortgage insurance by using the Flex Term to remortgage the property again without resetting the clock.

"Flex Term is customizable by family and can save thousands of dollars during the life of a loan," Hall said. "We can help clients trim interest off their loan or put more money in their pocket."

This example shows how Flex Term could save a client more than $150,000 in interest over the life of a loan.

2007
Original 30 Year Fixed Mortgage
Loan Amount: $250,000
Interest Rate: 6.00%
Monthly P&I Payment: $1,498.88
Total Interest Paid over life of the loan: $289,595.48

2014 Option I
30 Year Fixed Mortgage
Loan Amount: $225,000*
Interest Rate: 4.50%
Monthly P&I Payment: $1,140.04
Total Interest Paid over life of the loan: $185,415.10

2014 Option II
23 Year "Flex Term" Mortgage
Loan Amount: $225,000*
Interest Rate: 4.50%
Monthly P&I Payment: $1,310
Total Interest Paid over life of the loan: $136,559.24

(* = assumes $25,000 of principle was paid from original loan).

More details on Flex Term and all Shore Mortgage products can be found at https://www.shoremortgage.com/mortgage-loan-program-options .

Shore Mortgage is a nationally known, direct-to-consumer mortgage lender operating in all 50 states. As part of United Shore Financial Services, Shore Mortgage offers its clients a broad range of innovative mortgage lending programs, competitive rates and terms, and the convenience and security of a direct Internet-based application and approval process.

Founded in 1986, USFS is one of the largest independent mortgage lenders in the United States. The company employs more than 1,200 team members.

More information: https://www.shoremortgage.com/ .

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Copyright © 2014 by United Shore Financial Services and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: Home Owners Now Can Build the Loan They Want with Shore Mortgage 'Flex Term'
• REFERENCE KEYWORDS/TERMS: Shore Mortgage, Troy, Michigan, refinancing home, Banking and Finance, Real Estate, Business, TROY, Mich..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (United Shore Financial Services); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 25 Feb 2014 16:54:38 GMT].

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NEWS SOURCE: United Shore Financial Services :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 25
2014
Banking and Finance, Real Estate

Forsythe Appraisals Successfully Utilizing Global DMS’ eTrac Platform for Appraisals

Author: Global DMS
Dateline: Lansdale, Pennsylvania (LANSDALE, Pa.)  | Tue, 25 Feb 2014

freeNewsArticles Story Summary: “Global DMS, a leading provider of compliant valuation management software, announced that Forsythe Appraisals, LLC, the largest independent provider of residential real estate appraisals in the United States, is leveraging the eTrac Enterprise platform to manage appraisal ordering, tracking and review for all of its branch offices covering 40 major metropolitan areas across the country.”



ARTICLE:

Global DMS, a leading provider of compliant valuation management software, announced that Forsythe Appraisals, LLC, the largest independent provider of residential real estate appraisals in the United States, is leveraging the eTrac Enterprise platform to manage appraisal ordering, tracking and review for all of its branch offices covering 40 major metropolitan areas across the country.

"The flexibility and configurability of our eTrac system has helped Forsythe Appraisals optimize its workflow and has had a very positive impact on its performance and bottom line. The considerable changes required to upgrade their proprietary platform would have been expensive and extensive," stated Vladimir Bien-Aime, president and CEO of Global DMS. "Our solution currently processes thousands of appraisal transactions monthly for Forsythe Appraisals and has already helped improve performance, increase margins and position the company for scalable growth."

The solution centralizes and streamlines operations and effectively replaced Forsythe Appraisals' proprietary valuation management system.

"Since implementing Global DMS' platform, we have realized very measurable gains in efficiency, productivity and tracking while reducing our IT spend using their comprehensive Web-based appraisal management technology," commented John Forsythe, president and CEO of Forsythe Appraisals. "While our proprietary platform worked very well, we saw greater efficiencies in Global DMS' platform and how it meshed with our specific workflows and internal processes. Our users love the system and find it has made a big difference in how they do their jobs."

Forsythe Appraisals has a unique business model whereby its appraisers are exclusive W2 employees that operate out of the company's wholly owned and operated branch locations. The branch model is proven to ensure continuity, consistent quality, and provide control over its processes. Forsythe Appraisals' distinctive and dynamic business necessitates a flexible technology platform that can continuously adapt to its environment.

Global DMS' configurable eTrac Enterprise platform greatly reduces the extensive costs Forsythe Appraisals incurs to maintain, update new functionality and develop interfaces as it grows its operations. In addition, keeping in-house software up-to-date with constantly changing federal, state, GSE and Consumer Financial Protection Bureau (CFPB) compliance regulations can be time consuming and costly for any organization. Global DMS has the technology and talent to efficiently handle the entire appraisal process for Forsythe Appraisals.

Global DMS' all-in-one eTrac Enterprise solution automates Forsythe Appraisals' workflow, facilitates client and branch-level communications, monitors order status, handles review and fulfillment while providing all the essential reporting and accounting functions for its appraisal transactions.

About Global DMS:

Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is the mortgage industry's preeminent provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company's solution set is cost effectively delivered on a software-as-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. The company's solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS) and AMCmatch.com. For more information, visit the company's web site at http://www.globaldms.com/ or call (877) 866-2747.

About Forsythe Appraisals:

Since 1940, Forsythe Appraisals, LLC has built a reputation based on a legacy of delivering legendary customer service and the highest quality appraisals. The firm's long-standing commitment to an appraiser-staff model ensures quality and consistency throughout the organization and continues to attract and retain the highest caliber appraisers in the industry. With branch offices strategically located from coast to coast, serving most major metropolitan areas, Forsythe Appraisals offers more on-staff appraisers than any other independent appraisal company in the country. For more information, visit http://www.forsytheappraisals.com/ .

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Copyright © 2014 by Global DMS and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: Forsythe Appraisals Successfully Utilizing Global DMS' eTrac Platform for Appraisals
• REFERENCE KEYWORDS/TERMS: Appraisal Management, Lansdale, Pennsylvania, SaaS, Banking and Finance, Real Estate, Computing, LANSDALE, Pa..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Global DMS); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 25 Feb 2014 12:39:29 GMT].

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NEWS SOURCE: Global DMS :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 21
2014
Banking and Finance, Product Launches

United Wholesale Mortgage Goes Mobile, Rolls Out Robust iPhone and Android Applications for Brokers

Author: United Wholesale Mortgage
Dateline: Troy, Michigan (TROY, Mich.)  | Fri, 21 Feb 2014

freeNewsArticles Story Summary: “United Wholesale Mortgage, the nation's largest wholesale lender, today announced that it has developed and launched a proprietary mobile application for its broker community. The application arms brokers with robust functionality and easy access to loan information while in the field.”



ARTICLE:

United Wholesale Mortgage, the nation's largest wholesale lender, today announced that it has developed and launched a proprietary mobile application for its broker community. The application arms brokers with robust functionality and easy access to loan information while in the field.

"UWM's new mobile application keeps our brokers in the know at all times by providing them with direct access to much of the functionality that exists within EASE (Easiest Application System Ever), which is our broker portal," says Mat Ishbia, president of UWM. "The use of technology and constant innovation are key components in how we make our brokers' jobs easier. This mobile app is one of many exclusive tools that UWM has unveiled as a commitment to partnering with our clients."

UWM's mobile application allows brokers to easily access rates, manage their pipelines, view borrower and loan details, check real-time status, receive alerts, manage conditions, lock loans and more. The real-time bi-directional communication the application provides between UWM's underwriters, processors and account executives establishes increased transparency and shows any tasks that must be completed in order to expeditiously fund the loan.

Brokers can learn more about UWM's new mobile application by contacting the company at 800-981-8898 or their account executive. The free app is available for both iOS and Android devices.

About United Wholesale Mortgage:

Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale.

UWM's positive teamwork and dedication to exceptional client service has resulted in continued success and growth that has spawned expansion.

For more information, visit http://www.uwm.com/ or call 800-981-8898.

###

Copyright © 2014 by United Wholesale Mortgage and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: United Wholesale Mortgage Goes Mobile, Rolls Out Robust iPhone and Android Applications for Brokers
• REFERENCE KEYWORDS/TERMS: Mat Ishbia, Troy, Michigan, wholesale lender, Banking and Finance, Computing, Product Launches, TROY, Mich..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (United Wholesale Mortgage); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 21 Feb 2014 08:00:37 GMT].

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NEWS SOURCE: United Wholesale Mortgage :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 19
2014
Banking and Finance, Legal and Law

Quandis Enhances Solution to Identify Borrower Bankruptcies

Author: Quandis, Inc.
Dateline: Orlando, Florida (ORLANDO, Fla.)  | Wed, 19 Feb 2014

freeNewsArticles Story Summary: “California-based Quandis, Inc., a leading provider of default management technology solutions, announced at the Mortgage Bankers Association's National Servicing Conference and Exposition in Orlando, Florida that it made significant enhancements to its automated searches of PACER (Public Access to Court Electronic Records), the United States Courts bankruptcy locater system.”



ARTICLE:

California-based Quandis, Inc., a leading provider of default management technology solutions, announced at the Mortgage Bankers Association's National Servicing Conference and Exposition in Orlando, Florida that it made significant enhancements to its automated searches of PACER (Public Access to Court Electronic Records), the United States Courts bankruptcy locater system.

"The enhancements we made to our PACER bankruptcy locater solution further reduce the need to manually search regional courts," said Greg Kent, vice president of data services at Quandis. "We've added a real-time docket pull as a search add-on. Once a search is initiated, the full docket is efficiently returned complete with an XML dataset and direct hyperlinks to case information."

The enhanced solution eliminates the need to add staff, saves huge amounts time, lowers costs, reduces errors, boosts employee productivity and returns court documents in a standardized, organized fashion to ensure data integrity. Moreover, current information is received in real-time from PACER to determine if a borrower has sought protection under federal bankruptcy laws, thus enabling organizations to compliantly initiate foreclosure proceedings. A constant automatic search of full docket bankruptcies on a regional court level returns all pending cases.

Quandis' PACER case locator service is used by servicers, lenders, default attorneys and outsourced third parties. The solution can be utilized as a standalone or as integrated with case management systems (CMSs), mortgage servicing applications and legacy systems.

Key enhancements include:
- Ability to pull a full docket and case summary containing all relevant court information
- Real-time searches of all regional court districts
- Grouping of court documents and images to better organize and collate information
- Streamlined integration capability to attorney case management systems and other applications
- Configurable search options which restrict unnecessary Pacer searches thus reducing costs.

Quandis will be holding discussion times with interested parties at the Mortgage Bankers Association's National Servicing Conference and Exposition at Hyatt Regency Orlando from February 18 - 21, 2014.

To secure a meeting, contact Laura Hadley at (949) 382-1178 or via email lhadley@quandis.com.

About Quandis:

Founded in 2003 and headquartered in Foothill Ranch, California, Quandis is a default management software provider specializing in Web-based solutions for the lending industry. Quandis' solutions include foreclosure process automation, short sale portals, skip tracing systems, a valuations hub, military search services, bankruptcy status searches, collection solutions, vendor solutions, as well custom application development. The company's clients range from lenders to banks, servicers, foreclosure attorneys, GSEs outsourced service providers, and agents and brokers.

With over 20 years of experience in developing mortgage technology solutions, Quandis understands the unique requirements necessary to deliver enhanced workflows and business-to-business communications. Quandis has been named a Top 50 Service Provider three years in a row.

For more information, please visit http://www.quandis.com/ or call (949) 525-9000.

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• Story Title: Quandis Enhances Solution to Identify Borrower Bankruptcies
• REFERENCE KEYWORDS/TERMS: default management tech, Orlando, Florida, Mortgage Bankers Association, Banking and Finance, Computing, Legal and Law, ORLANDO, Fla..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (Quandis, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 19 Feb 2014 08:00:22 GMT].

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NEWS SOURCE: Quandis, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 14
2014
Banking and Finance

OpenClose Successfully Implements QM and ATR Rules, Clients Laud Automation

Author: OpenClose
Dateline: Palm Beach, Florida (PALM BEACH, Fla.)  | Fri, 14 Feb 2014

freeNewsArticles Story Summary: “OpenClose, an enterprise-class end-to-end loan origination system provider, today announced that is has implemented the functionality necessary for lenders to adhere to the Consumer Financial Protection Bureau's new Qualified Mortgage (QM) and Ability-to-Replay rules. The company's client base is successfully processing QM loans.”



ARTICLE:

OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, today announced that is has implemented the functionality necessary for lenders to adhere to the Consumer Financial Protection Bureau's (CFPB) new Qualified Mortgage (QM) and Ability-to-Replay (ATR) rules. The company's client base is successfully processing QM loans.

"The work that OpenClose has done to their LOS to meet QM rules has made our jobs incredibly easy," said OpenClose client Colleen Thingelstad, director of real estate lending at Horizon Credit Union. "We don't need to think; the system automatically does everything for us. It has literally saved us countless hours of work, and our investors are very comfortable with accepting the system's findings."

OpenClose began adding numerous lines of code to its LOS well in advance of the CFPB's QM deadline of January 10, 2014. While at the point-of-sale, the loan officer takes the 1003 application, selects a product, and clicks a QM button that returns a decision if it's a QM or non-QM loan. If it meets QM guidelines, an evaluation report and ATR certification are provided for the lenders' records.

Once the loan has been decisioned, it seamlessly moves through OpenClose's LOS workflow where the loan is continuously checked in the background on a screen-by-screen basis for any changes that affect QM requirements. If a change is detected, an alert appears on the screen that the user is working on, which provides a pass/fail indicator along with messaging as to why there was a QM fail so the user can address it and proceed.

Custom business rules can be configured within the LOS to meet lenders' specific workflow preferences and easily implement any new rules the CFPB introduces. As a result, lenders are able to turn on a dime and remain QM compliant given changes to guidelines or the introduction of new rules.

"A lot of technology vendors are just jumping on the band wagon and touting QM readiness," says Rob Pommier, SVP of business development and strategic alliances at OpenClose. "But there are lots of changes to LOS code bases that vendors must design, implement and test before being rolled out into a production environment. That's no easy task. It took us many months of development and making alterations to our graphical user interface (GUI) in order to ensure that our end-to-end system is what I term 'bulletproof QM ready.'"

Pommier adds: "One of the problems technology vendors have been encountering with QM implementations has to do with using multiple disparate applications that must have code added to them. Some vendors used a best-of-breed approach to create an end-to-end platform while others simply acquired various technologies. In either case, these formed solutions aren't native to the vendor's core platform, and thus, they are challenged to seamlessly control data throughout workflows. There is also a bucket of vendors that have antiquated software or are resource constrained, which limits them from implementing QM functionality."

OpenClose provided a number of different training activities in order to effectively prepare its clients to utilize the added QM functionality to its LOS. This was accomplished using individual hands-on training, webinars and detailed supporting documentation. All of the company's clients are fully ready to accept, process and deliver QM loans to investors, in full accordance with CFPB rules and underwriting guidelines.

About OpenClose:

Founded in 1999 and headquartered in Palm Beach, Florida, OpenClose(R) is a leading end-to-end loan origination system (LOS) provider that delivers its platform on a software-as-a-service basis. The company provides a variety of Web-based solutions for lenders, banks and credit unions-from loan origination software to decisioning, website design and social media marketing.

OpenClose's LOS is completely engineered by the same company, thus avoiding assembling best-of-breed applications or acquiring technologies in an effort to create an end-to-end platform. The company focuses on providing lending organizations with full control of their data and creating a truly seamless workflow for comprehensive automation and compliance adherence.

For more information, visit http://www.openclose.com/ .

OpenClose, 314 Clematis Street, Suite 200, West Palm Beach, FL 33401. (561) 655-6418.

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Copyright © 2014 by OpenClose and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

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• Story Title: OpenClose Successfully Implements QM and ATR Rules, Clients Laud Automation
• REFERENCE KEYWORDS/TERMS: Loan Origination, Palm Beach, Florida, Qualified Mortgage, Banking and Finance, Computing, Technology, PALM BEACH, Fla..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (OpenClose); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Fri, 14 Feb 2014 07:02:59 GMT].

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NEWS SOURCE: OpenClose :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 05
2014
Banking and Finance

MCT’s COO Phil Rasori to Speak at Eastern Secondary Market Conference

Author: MCT Trading, Inc.
Dateline: San Diego, California (SAN DIEGO, Calif.)  | Wed, 05 Feb 2014

freeNewsArticles Story Summary: “MCT Trading, Inc., a recognized leader in mortgage pipeline hedging and risk management services, today announced that its COO, Phil Rasori, is scheduled to present at the 11th Annual Eastern Secondary Market Conference in Orlando on February 6.”



ARTICLE:

MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, today announced that its COO, Phil Rasori, is scheduled to present at the 11th Annual Eastern Secondary Market Conference in Orlando on February 6, 2014.

The session is being held by the Mortgage Bankers Association of Florida at the Grand Hyatt in Orlando, Florida on Thursday, February 6 from 2:30 p.m. to 3:30 p.m.

Mr. Rasori will speak on the secondary marketing topic of selling servicing-released versus selling servicing-retained. The session will help lending organizations fully understand the value proposition of these two distinct loan sale strategies.

In today's highly fluid secondary market, independent mortgage bankers have began to consider selling loans to the Government Sponsored Enterprises (GSEs) while retaining mortgage servicing rights (MSRs). This presentation explores these strategies in depth, providing attendees with a solid understanding of the details and the consideration of retaining MSRs versus selling servicing-released.

Key topics covered in the presentation include:
* Release versus Retain Analysis Basics;
* MSR Decisioning;
* Retained versus Released;
* Best Execution Analysis;
* Discount Rate: Cash Now versus Cash Later;
* Loan Amount Effects;
* Hedging Considerations.

Mr. Rasori is a recognized thought leader in capital markets operations in the mortgage banking industry. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization.

About MCT Trading:

MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 100 clients on the HALO (Hedging And Loan sales Optimization) Program. MCT also offers a central lock desk service to mortgage bankers that effectively outsources the lock desk function called LockCentral.

For more information, please visit http://www.mct-trading.com/ or call (619) 543-5111.

For information on the event, visit: http://www.mbaf.org/events/11th-annual-eastern-secondary-market-conference/ .

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• Story Title: MCT's COO Phil Rasori to Speak at Eastern Secondary Market Conference
• REFERENCE KEYWORDS/TERMS: Phil Rasori, San Diego, California, Secondary Market Conference, Banking and Finance, Finance, Events, SAN DIEGO, Calif..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (MCT Trading, Inc.); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 05 Feb 2014 14:48:40 GMT].

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NEWS SOURCE: MCT Trading, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.
Feb, 05
2014
Banking and Finance, Real Estate

United Wholesale Mortgage Launches UWM Track, an Innovative Communication Tool for Brokers and REALTORS

Author: United Wholesale Mortgage
Dateline: Troy, Michigan (TROY, Mich.)  | Wed, 05 Feb 2014

freeNewsArticles Story Summary: “United Wholesale Mortgage (UWM), the nation's largest wholesale lender, today announced that it rolled out UWM Track, which assists brokers in providing current status on loans to REALTORS(R). The efficiency and visibility the solution offers eliminates communication issues and facilitates the broker's ability to forge stronger relationships with REALTORS(R), thus increasing business.”



ARTICLE:

United Wholesale Mortgage (UWM), the nation's largest wholesale lender, today announced that it rolled out UWM Track, which assists brokers in providing current status on loans to REALTORS(R). The efficiency and visibility the solution offers eliminates communication issues and facilitates the broker's ability to forge stronger relationships with REALTORS, thus increasing business.

"UWM is constantly looking for ways to make our brokers more successful. In 2013, we saw the early beginnings of an uptick in the purchase market and started developing UWM Track," said Mat Ishbia, president at UWM.

He added, "One of the ways brokers can grow their business in a purchase market is to establish sound relationships with REALTORS. The idea behind UWM Track is to keep REALTORS apprised as to what stage the loan is in so they know the deal is progressing and can keep their buyer informed. This visibility that UWM Track establishes is another arsenal of tools we offer our brokers. UWM Track makes it more attractive for real estate agents to work with brokers who do business with us."

UWM Track works by brokers logging into UWM's broker portal - EASE (Easiest Application System Ever) - accessing the loan in their pipeline, and clicking on the UWM Track button, which sends an email to the agent containing a secure link to the UWM Track log-in page. Once in UWM Track, the REALTOR(R) is able to view real-time status on their buyer's loan.

The solution provides REALTORS(R) with detailed information on the loan such as when it was submitted to underwriting, conditions reviewed and cleared, loan approval, the closing schedule, when prep and closing documents were sent to the title company, and finally the completion of funding.

UWM Track avoids a potential cat and mouse communication game and the latency of receiving and providing status updates, which ultimately translates to delivering better service.

About United Wholesale Mortgage:

Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM's positive teamwork and dedication to exceptional client service has resulted in continued success and growth that has spawned expansion.

For more information, visit http://www.uwm.com/ or call 800-981-8898.

###

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• Story Title: United Wholesale Mortgage Launches UWM Track, an Innovative Communication Tool for Brokers and REALTORS
• REFERENCE KEYWORDS/TERMS: Mortgage Technology, Troy, Michigan, Realtors, Banking and Finance, Real Estate, Computing, TROY, Mich..

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (United Wholesale Mortgage); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 05 Feb 2014 07:01:50 GMT].

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