Awards and Honors, Business, Free News Articles

Mortgage Professional America Names Altavera Mortgage Services’ Jennifer Fountain a 2017 Elite Woman in Mortgage

DENVER, Colo. -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that Senior Vice President of Due Diligence Jennifer Fountain has been named one of Mortgage Professional America's 2017 Elite Women in Mortgage. Fountain was recognized as a distinguished expert in the areas of credit and underwriting policy, operations, due diligence, management and training.

"I know Jennifer to be an unrivaled expert in the fields of mortgage credit risk and due diligence," said Debora Aydelotte, Altavera's chief operating officer and 2014 Elite Woman in Mortgage. "She has played a transformative role both at Altavera, where she built our closed-loan file review service from the ground up, and in the mortgage industry as a whole, where she has left an indelible mark over the course of her 30-year career."

"It's a privilege to be honored among such an influential and experienced field of industry peers," said Fountain. "The challenge of helping loan conduits, aggregators and investors transact their business with total confidence in loan quality and consistency is both a source of personal motivation and a driver of the continuing evolution and innovation of Altavera's service offerings."

Each year, the Mortgage Professional America (MPA) Elite Women in Mortgage list recognizes influential women leaders in the mortgage industry. For a full list of honorees, visit http://www.mpamag.com/rankings/elite-women-2017.

About Altavera:

Altavera is a leading provider of outsourced residential mortgage origination and due diligence review services. Its SAFE Act-compliant staff of seasoned, U.S.-based fulfillment specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera's fully customizable closed-loan file review services enable investors and aggregators to reduce risk and make better-informed decisions. Based in Denver, Colorado, Altavera is a Computershare company.

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

About Computershare Limited:

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Mortgage Professional America:

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry profesisonals through its bi-monthly magazine and daily email newsletter.

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

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Business, Free News Articles

S&P Approves Altavera for Residential Mortgage-Backed Securities Due Diligence

DENVER, Colo. -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, has been approved by Standard & Poor's Global Ratings (S&P) as a third-party due diligence provider for U.S. residential mortgage-backed securities (RMBS) rated by that agency.

When assessing third-party due diligence firms like Altavera, S&P uses a systematic methodology and rigorous criteria that encompass mortgage loan data quality, compliance with originator underwriting guidelines, property valuation and regulatory compliance. Altavera joins fewer than a dozen organizations currently included in S&P's list of reviewed third-party due diligence firms that meet these criteria.

Altavera provides investors and correspondent aggregators with a full range of closed-loan file review services for agency and non-QM residential mortgages, including validation of product acceptability to investor guidelines, credit decision and supporting documentation, QM/ATR requirements, regulatory compliance, property valuation and closing documentation. The company's due diligence business is led by thirty-plus-year mortgage operations veteran Jennifer Fountain.

"Our goal is to provide buyers and sellers of mortgage loans with confidence in the value of their collateral through extensive, yet cost-efficient analysis performed by a team of seasoned experts," said Fountain. "S&P's recognition of Altavera as a reviewed due diligence provider for RMBS is a vote of confidence in our ability to help investors make informed decisions."

"Altavera's clients are demanding greater transparency than ever when it comes to loan data and documentation, and that expectation will only intensify when appetite for private-label securities returns," said Altavera President Brian Simons. "Our deep experience and customized approach sheds light on loan quality and consistency and help investors mitigate risk and expense."

S&P frequently relies on due diligence performed by reviewed third-party firms in addition to its own analysis when assigning ratings for new U.S. RMBS transactions because, according to its website, the credit rating agency "believes that using third-party due diligence results in its ratings analysis will increase transparency and strengthen the rating process."

"Altavera's inclusion in S&P's exclusive list of reviewed RMBS due diligence firms is exactly the kind of achievement we expected when we decided to invest in the firm," said Nick Oldfield, CEO of Computershare Loan Services, the umbrella brand for all of Computershare's mortgage servicing businesses. "It's also a natural complement to the clean sweep of high S&P, Fitch and Moody's ratings earned by Specialied Loan Servicing (SLS) and Computershare's UK mortgage servicing businesses."

About Altavera:

Altavera is a leading provider of outsourced residential mortgage origination and due diligence review services. Its SAFE Act-compliant staff of seasoned, U.S.-based fulfillment specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera's fully customizable closed-loan file review services enable investors and aggregators to reduce risk and make better-informed decisions. Based in Denver, Colorado, Altavera is a Computershare company.

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

About Computershare Limited:

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Computershare Loan Services (CLS):

Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

*PHOTO for media: Send2Press.com/mediaboom/17-0314s2p-Brian-Simons-300dpi.jpg
*Photo Caption: Altavera President Brian Simons.

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Business, Free News Articles

Altavera Extends Mortgage Fulfillment Operations to Ten New States

DENVER, Colo. -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that it has received residential mortgage licensing approval in ten new states, bringing to 36 its total number of state licenses. Altavera's origination services are newly available in Arkansas, Connecticut, Illinois, Iowa, Kansas, Minnesota, Mississippi, Oklahoma, South Carolina and the District of Columbia.

The news follows Computershare's acquisition of Altavera in May 2016 and Altavera's January 2017 announcement that it would expand licensing to several additional states to meet growing demand for its private-label mortgage services. Altavera's customizable, fully SAFE Act-compliant fulfillment solutions include processing and underwriting of conforming, jumbo and non-Qualified Mortgage loans. The company also specializes in closed-loan file review for a variety of loan types.

For complete and up-to-date information on Altavera's licensing status, visit http://altavera.com/licensing/.

"Federal and state laws are abundantly clear. Third parties involved in residential mortgage loan fulfillment, which includes contract processing and underwriting, must be licensed to provide those services. At Altavera, we do not take lightly these legal obligations," said Altavera President Brian Simons, adding that Altavera employs a team of regulatory experts to ensure the company remains compliant.

"When Computershare bought Altavera and Capital Markets Cooperative last May, we emphasized that we would invest in both companies and enable them to build on the success they'd already achieved," said Nick Oldfield, CEO of Computershare Loan Services, the umbrella brand for all of Computershare's mortgage servicing businesses. "We're really pleased to announce this licensing expansion for Altavera and look forward to further expansion of our services throughout 2017."

Typically, both individual mortgage loan originators (MLOs) and companies that engage in mortgage loan origination, including third-party service providers, must hold a license in each state in which they conduct business. Licensing requirements are intended to help borrowers and other purchasers of mortgage origination services verify that their MLO is qualified to conduct mortgage business and has not been convicted of any civil or criminal wrongdoing.

Lenders can verify the licensing status of their third-party fulfillment vendors by conducting a search of the Nationwide Mortgage Licensing System & Registery (NMLS(R)) Consumer Access(SM) database at http://www.nmlsconsumeraccess.org.

About Altavera:
Based in Denver, Colorado, Altavera is a leading provider of outsourced residential mortgage origination services. Altavera's SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm's service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

For more information, visit http://altavera.com.

About Computershare Limited:
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Computershare Loan Services (CLS):
Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Altavera to Expand Operations Following Record Demand for Its Outsourced Mortgage Services in 2016

DENVER, Colo. -- Altavera Mortgage Services (Altavera), a leading provider of outsourced residential mortgage origination services, today announced its plans for expansion in 2017 along with highlights from the company's last 12 months of growth.

"Altavera experienced rapid growth throughout 2016 despite the challenges of a dynamic regulatory environment," said Altavera Founder and President Brian Simons. "We responded to the increased business volume by augmenting our staff, including our leadership team, and adding new services to address the evolving needs of our clients. We will continue to expand our SAFE Act-compliant outsourced mortgage services in 2017 by obtaining licensing in even more states."

The Denver-based company, which celebrated its fourth anniversary in October, expanded its staff by 70% in the last 12 months. The firm was acquired by Australian financial services company Computershare Limited (Computershare, ASX: CPU) in May.

"Our closed-loan file review service has remained in high demand since its launch in Q3 of 2016," said Debora Aydelotte, Altavera's chief operating officer. "Overall, we've seen a 142% increase in volume, so post-close due diligence will continue to be an area of focus for Altavera in 2017."

"We also expect lender interest in Altavera's non-Qualified Mortgage fulfillment services will continue growing, fueled by the expected changes in the regulatory environment in 2017," Aydelotte continued. "Additionally, we anticipate that strong home values will keep HELOC originations on the forefront for Altavera and our lender clients."

Altavera plans to expand licensing to several additional states in early 2017 to meet growing demand for private-label mortgage loan fulfillment solutions. Currently licensed in 34 states, Altavera is a fully SAFE Act-compliant loan fulfillment partner offering both comprehensive and component-based fulfillment solutions, including customized non-Qualified Mortgage services. Altavera service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

Growth milestones from Altavera's last 12 months include:

* January 2016: Deb Aydelotte, former president of Altisource Origination Services, joins Altavera as chief operating officer.

* April 2016: Altavera reports marked uptick in requests for underwriting, processing and pre-purchase review support for non-QM loans. The company estimates non-QM inquiries represent 35% of Altavera's client portfolio.

* May 2016: Altavera announces the Q3 2016 launch of its closed-loan file review/post-close due diligence service.

* September 2016: Altavera is named a preferred provider for Capital Markets Cooperative (CC), a nationwide alliance of mortgage bankers. Like Altavera, CMC is a member of the Computershare family of mortgage-related businesses.

* December 2016: Altavera reports a 30% increase in credit union demand for outsourced mortgage origination services in Q3 2016 compared to the previous quarter.

For more news from Altavera, visit http://altavera.com/press/.

About Altavera:

Based in Denver, Colorado, Altavera is a leading provider of outsourced residential mortgage origination services. Altavera's SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm's service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

For more information, visit http://altavera.com.

About Computershare Limited:

Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Computershare Loan Services (CLS):

Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles, Reports and Studies

Credit Unions Increase Use of Outsourced Mortgage Services by 30 Percent in Q3, According to Altavera Mortgage Services

DENVER, Colo. -- Altavera Mortgage Services (Altavera), a leading provider of SAFE Act-compliant outsourced residential mortgage origination services, reported a 30 percent increase in credit union demand for its outsourced mortgage origination services in the third quarter of 2016 compared with the previous quarter. The uptick in demand for outsourced services is linked to growing regulatory compliance costs and an overall increase in origination volume among credit unions.

"Reports early this year indicated that the credit union market was experiencing atypical growth, and our own observations confirm it," said Altavera chief operating officer Debora Aydelotte. "Increasingly, medium-to-large-sized credit unions are choosing Altavera as their outsource partner because we can deliver the service excellence required to meet member commitments while significantly reducing the burden of growing origination workloads."

According to a September Credit Union Trends Report by CUNA Mutual Group, credit unions experienced a 3.3 percent year-over-year increase in first-mortgage originations and a 20 percent year-over-year increase in home-equity loans and second mortgages during the first half of 2016.

Ent Credit Union, the largest Colorado-based credit union and a mortgage lender since the 1980s, turned to U.S.-based Altavera for outsourced assistance in managing some of its record-breaking 2016 first mortgage volume.

"Ent has been active in mortgage lending for decades. Having just come off a record Q3, we anticipate record volume for 2016 and robust demand for mortgages into the foreseeable future," said Ent Credit Union senior vice president and chief lending officer Jon Paukovich. "We are fortunate to be able to invest in growing and training our in-house staff to handle most of our operations, but with the kind of growth we've been undergoing, the option to outsource through Altavera is helpful. Mortgage talent is in high demand and can be very expensive."

Altavera is part of the Loan Services business unit of Computershare (ASX: CPU). Its sister company Capital Markets Cooperative (CMC), a provider of capital markets solutions to mortgage lenders, also serves credit union mortgage lending operations with its mandatory delivery and hedging advisory services.

"The credit union model is built on member trust, which drives a conservative approach to the mortgage business," said Capital Markets Cooperative executive vice president Jeff Harry. "Still, credit unions are receptive to outsourcing when they feel it gives them an advantage around safety and soundness or when certain capabilities just aren't available internally. Just as our credit union partners rely on CMC's expertise in hedging analytics, more and more credit unions are turning to Altavera for SAFE Act-compliant mortgage loan fulfillment."

Altavera expects the upward trend in credit union business to continue over the next 12 months and is preparing to dedicate further resources to this sector of the market.

About Altavera

Based in Denver, Colorado, Altavera provides private-label loan fulfillment services to residential mortgage originators. Altavera's SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm's service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

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

About Computershare Limited:

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com/.

About Computershare Loan Services (CLS):

Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Altavera Mortgage Services Selected as Capital Markets Cooperative Preferred Provider

DENVER, Colo., -- Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination and closed loan review services, announced today that it has been named a preferred provider for Capital Markets Cooperative, LLC (CMC), a nationwide alliance of mortgage bankers.

Altavera provides private label mortgage loan fulfillment solutions that reduce mortgage bankers' costs and provide additional capacity -- all as a fully SAFE Act compliant loan fulfillment partner. Offering either a comprehensive end-to-end fulfillment solution or a component-based solution, Altavera service delivery is structured to meet lenders' specific needs and goals for loan processing; underwriting, including customized non-QM underwriting services; closing; and funding.

Further, Altavera offers closed loan reviews to prospective buyers and sellers of mortgage loans, building on standard review criteria to tailor each review to specific requirements and particular products, including agency and non-QM. Critical components of an Altavera closed loan review include full regulatory and compliance reviews; a full re-underwriting of loan file to specific guidelines; property valuation analysis utilizing licensed appraisers; fraud reviews utilizing various third-party verification; and data validations.

"Altavera is honored to join the select group of preferred providers serving Capital Markets Cooperative patrons," said Altavera President Brian Simons. "Our industry has rebounded with a fresh focus on quality, compliance and efficiency - characteristics that will determine competitive differentiation for complex mortgage lending businesses."

Both Altavera and Capital Markets Cooperative were acquired by Computershare Limited (ASX: CPU) in Q2 2016, and according to its announcement:

These acquisitions significantly expand Computershare's ability to support mortgage lenders and investors through each stage of the mortgage lifecycle. CMC's range of secondary market solutions, combined with Altavera's loan fulfillment offerings and Computershare's existing loan servicing solution, will help the company deliver servicers critical to the success of lenders.

About Capital Markets Cooperative:

Founded in 2003 by Tom Millon and based in Ponte Vedra Beach, Fla., Capital Markets Cooperative, LLC (CMC), leverages the collective power of a nationwide network of mortgage bankers to negotiate better products, services, pricing and liquidity solutions during the processing, sale and servicing of mortgages. CMC has 200+ Patrons with combined annual production of more than $100B. CMC Patrons choose from a wide array of mortgage services including cooperative business solutions, servicing acquisition, servicing valuation and pipeline risk management.

Specialties: Cooperative Business Solutions, Mortgage Capital Markets, Secondary Marketing, Hedging Services, Servicing Valuation and Analytics, Servicing Acquisition. Information: http://www.capmkts.org/.

About Altavera:

Based in Denver, Colorado, Altavera provides independent, third-party mortgage origination services to residential mortgage originators. Altavera's staff of seasoned, U.S.-based specialists help clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera maintains its highly trained staff through Altavera Academy, the firm's dedicated training unit.

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

This news story was published by the Neotrope® News Network - all rights reserved.