When you take in hundreds or even thousands of new loans each month from originations, MSR acquisitions, or portfolio transfers, there is no such thing as a “little” discrepancy. Mismatches between mortgage data and the information in the loan file can create delays, add costs and prolong research cycles. Even performing due diligence or QC…
The journey to Digital Transformation in the mortgage industry can seem like an uphill climb at times – uphill across a mountain of documents and data. And yet, technology continues to rise to the occasion, transforming mountains into rapidly moving streams of information quickly ingested and easily retrieved. In the process, we’re saving more than…
As a quality control expert with more than two decades of experience in the mortgage industry, MetaSource Senior Vice President of Mortgage Services Mary Kladde has seen all the ways in which loan quality can fall short. But while loan defect reporting is an important process, required of any lenders doing business with the government-sponsored…
We know how annoying it can be when retailers start reminding you to get a head start on your holiday shopping in the middle of October. But December does have a way of sneaking up on you. That was part of the message MetaSource Manager for MERS Operations Kelly Jensen shared with the audience at…
With 15 years of experience in the mortgage field, MetaSource Manager for MERS Operations Kelly Jensen has a lot of tips to share on the subject of reconciling mortgage documents with the MERS® system. His advice: work hard and learn to “speak geek.” That’s shorthand for finding someone on your IT team who understands the…
In 25 years of providing support and solutions to the mortgage industry, we’ve seen a little bit of everything. But there’s almost nothing we hate to see as much as a lien release that comes back rejected – especially when it’s completely avoidable. Lien release rejection leaves lenders at risk, because it creates a break…
If you’re attending the upcoming National Mortgage Servicing conference, be sure to visit MetaSource at the National Mortgage Servicing Conference & Expo 2018 in booth #618. You will learn about new servicing quality control (QC) requirements, our QC services and a host of other solutions we offer to mortgage servicers. 5 Reasons to Consider MetaSource…
With 2017 behind us, here is a look back at the top 15 mortgage quality control issues based on tens of thousands of post-close QC audits that we performed over the past year. In their second full year of adjusting to the Consumer Financial Protection Bureau’s (CFPB) enhanced disclosure requirements, lenders managed a better track…
In the spring of 2011, the Office of the Comptroller of the Currency issued consent orders outlining a quality assurance mission for MERSCORP Holdings, Inc. and the nation’s largest servicers. The mission was designed to ensure the data accuracy within the MERS® System could effectively support its role in securitization. As a result, MERS consolidated…