Tag Archives: Quality Assurance

Real estate marketplace adds former Altisource exec Mike Jansta as new Chief Operating Officer to oversee its auction, default servicing, and quality assurance operations.

An upcoming Five Star/Messagepoint webinar will discuss how perfecting communication processes with your clients will help in delivering an ideal borrower experience.

Consolidated Analytics is now approved by S&P Global Ratings as a third-party review firm.

Joseph Wade's expertise in LOS systems will help OpenClose to further innovate and enhance its existing software solutions. He will play an integral role in software innovation and enhancements for the mortgage fintech provider.

LoanLogics, a provider of loan quality management and performance analytics, announced the unveiling of its MERS Independent Third Party Performance Monitoring and Annual Review service. The specialty audit practice reviews and tests MERS controls and processes so servicers can ensure they are compliant with MERS regulations and avoid scrutiny.

LoanLogics, a company specializing in loan quality management and performance analytics technologies for the mortgage industry, announced it has raised $11.2 million in funding from growth equity firm Volition Capital and existing investors. The capital infusion will be used to continue the company's national expansion and to enhance its Enterprise Loan Quality Management System.

Stewart Lender Services announced Tuesday that it has acquired key assets of the due diligence and credit risk management firm Allonhill. Stewart will retain all Allonhill personnel as well as Allonhill's headquarter facility in Denver and the technology developed by the Allonhill team. The acquisition strengthens Stewarts offerings by adding due diligence, loan quality reviews, compliance solutions, and servicer performance management to its suite of products provided to the mortgage servicer and investment communities.

Freddie Mac is ramping up repurchase demands and increasing the pool of defaulted loans subject to put-backs to include mortgages originated prior to the crisis in 2004 and 2005, according to U.S. Bancorp CEO Richard Davis. Speaking to investors at the Goldman Sachs Financial Services Conference this week, Davis described the news as ""unexpected,"" but Freddie Mac maintains it has always had the authority to pull files for review when loans stop performing regardless of when the loans were originated. The GSE says its repurchase policies have not changed and it is committed to working with lenders to resolve any issues.

In response to the need for in-depth portfolio analysis, DataQuick announced the introduction of PortfolioQ in a company release. The hosted solution provides equity lenders with an in-depth analysis of outstanding liens against the property to accurately calculate current equity position and related risk.

Wolters Kluwer Financial Services continues to expand its regulatory and risk management consulting services. The company recently brought on Timothy R. Burniston to serve as VP and senior director of professional services for its risk and compliance business. Burniston, previously a senior associate director with the Federal Reserve Board's division of consumer and community affairs, joins the company's growing roster of more than 400 in-house regulatory and risk management experts.