MetaSource Mortgage Blog

Lien Release Whitepaper: 5 Best Practices for Reducing Rejections

Tuesday, August 29, 2017

Lien Release Whitepaper: 5 Best Practices for Reducing Rejections

When you think about the lien releases you process, we have five questions:

  • How many lien releases did your company process last year?
  • How many of them were rejected?
  • How much did each rejection cost you?
  • How much time does it take you to process lien releases?
  • What is the average hourly wage for each person processing them?

Are you starting to get a feel for what lien releases and rejections are costing you?

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Join MetaSource at the MBA Risk Management Forum 2017

Wednesday, August 23, 2017

Join MetaSource at the MBA Risk Management Forum 2017 

MetaSource will once again exhibit at the Risk Management, QA & Fraud Prevention Forum 2017, which is hosted by the Mortgage Bankers Association (MBA) from September 24-26 in Miami.

Stop by booth #7 to see how we eliminate a wide variety of quality control headaches for mortgage lenders and servicers, so that you can concentrate on your core business.

Make sure you join us for the MetaSource Networking Reception at 6:30pm on Monday, 9/25, at InterContinental Miami's Blue Water Cafe. RVSP HERE TODAY!

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The New Universal Residential Mortgage Application

Monday, August 07, 2017

Are You Ready for the New URLA?

New Universal Residential Mortgage Application

Starting January 2018, the newly redesigned uniform residential loan application (URLA) – also known as Fannie Mae Form 1003 – will have a cleaner look with more white space and a defined separation of borrower and lender information. It has also been updated so that it is compliant with the new Home Mortgage Disclosure Act (HMDA). However, the new Form 1003 has been specifically designed for electronic forms.

This is great if you've already switched over, but it can also cause information capture headaches for mortgage originators. That's where we come in.

Making the Transition Easy

MetaSource Mortgage can ease the information capture pain in two ways:

  1. We'll convert all your paper mortgage applications into electronic form
  2. We'll use document scanning and capture technology to automatically extract the vital information

This will not only make data capture quicker, but it will also assure more accuracy than manual data entry.

Flagging Deficiencies

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Request more information here
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