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…
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…
Are You Ready for the New URLA? 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…
“Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.” – Carl Sandburg We hear about mortgage file quality control (QC) turn times of 60-90 days from other QC outsourcing…
The June issue of Servicing Management features the article Best Practices for Mortgage Boarding, Workflow Automation and Document Management written by Ruth Lee, our Sr. Director of Mortgage Services. Below is an excerpt of the article. Let us know if we can help you with any of the topics discussed. Article Excerpt A best practice…
Join us at the Reston Hyatt from June 8-9 to learn the latest about MERS QA and mortgage QC outsourcing services and technology. You will learn about our full suite of MERS quality assurance (QA) auditing services, the latest in servicing quality control (QC) as well as our new lien release service. Be MERS Audit-Ready…
The 2017 Tech100 Recognizes MetaSource’s mintrak®2™ MERS Quality Assurance Software For the last four years, Housingwire Magazine has recognized the most innovative technology companies in the industry as part of the HW Tech100. Housingwire covers issues in mortgage finance and real estate, including the technology critical for companies in the housing economy. For the second…
MetaSource Study Finds 12 of Top 15 QC Issues Were TRID-Related Salt Lake City—Mortgage lenders found the federal “Know Before You Owe” mortgage disclosure rule—formally known as TRID—to be the source of most of their quality control (QC) headaches in 2016, the first full year of the rule’s implementation. TRID accounted for 12 of the…
Recently MERS sent an email to all General Members that are listed as the Servicer on 1,000 or more active MINs. This email notification was sent to inform these companies that beginning with the 2017 MERS® Annual Report, MERSCORP Holdings, Inc. will require that all Third Party Reviewers provide their electronic signature on the eAnnual…