These days, it can be easy to forget all of the more routine challenges that mortgage servicers face. Millions of borrowers are seeking forbearance of monthly mortgage payments under the CARES Act, a provision of the federal coronavirus relief bill, and state relief efforts. With millions more expected to follow suit, many servicers are bracing…
Is improving or streamlining your origination processes one of your goals for 2020? Did your process break down or lack efficiency last year? Do you want to increase origination margins and reduce your cost per loan? Lenders often put up with inefficient origination processes for too long because they don’t know exactly where the problems…
Join MetaSource at our 2020 Mortgage Servicing Conference and learn about our document solutions for mortgage servicers and subservicers.
The mortgage industry has undergone a remarkable evolution over the past decade, emerging from the collapse of the subprime market into a period of heightened regulatory scrutiny and digital transformation. Many of the digital options that are now remaking the mortgage process were still a few years away from introduction when the decade began, but…
When thousands of mortgage servicers gather in Orlando later this month for the MBA National Mortgage Servicing Conference & Expo, they will tackle challenges ranging from economic conditions to weather. The event in Orlando, Feb. 25-28, will include workshops and sessions on things like state mortgage servicing rules and borrower retention. Servicers continue to face…
MetaSource will add three new quality control audits to target troublesome areas for mortgage servicing QC.
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…
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…