MetaSource Mortgage Blog

Join MetaSource at the MBA Technology Solutions Conference

Tuesday, February 26, 2019

Join MetaSource at MBA Technology Solutions Conference

Panelists at the MBA Technology Solutions Conference and Expo last year zeroed in on three issues driving the industry's embrace of technology: the effort to lower origination costs, the need for a better way to validate income and consumer demands for an improved borrower experience.

This year, a tight market and increasing disruption from the fintech corner have only added to the sense of urgency around digital transformation.

It's a scenario in which big banks and big lenders can more easily take advantage and one that MReport.com described in December as having left independent brokers struggling to keep up.

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Join MetaSource at the MBA Independent Mortgage Bankers Conference

Thursday, January 17, 2019

Join MetaSource at the MBA Independent Mortgage Bankers Conference

The challenges facing non-bank mortgage lenders in 2019 include an uncertain economic environment and the certainty of increasing scrutiny.

Fewer originations and low refinance volumes have stoked conversations around liquidity and strategies for increasing efficiency when margins are tight.

Against that backdrop, independent mortgage lenders will gather for the Mortgage Bankers Association’s annual Independent Mortgage Bankers Conference Jan. 28-31 in San Francisco to workshop topics around M&A and dig in to what the economic data suggests about the market outlook.

Along with strategies for “Maintaining Liquidity in a Dry Climate,” attendees will hear from the MBA’s chief economist about how current economic, housing market and mortgage market trends could impact the non-bank mortgage industry.

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MetaSource Adding 3 New Categories of Mortgage Servicing QC Audits

Thursday, September 27, 2018

MetaSource Adding 3 New Categories of Mortgage Servicing QC Audits

SALT LAKE CITY, Utah, Sept. 27, 2018 – MetaSource, a leading provider of mortgage quality control services and technology, has announced the addition of three new quality control audits offered through its Servicing QC department. The new audits bring additional depth to the already impressive list of specialized QC audits offered by MetaSource.

MetaSource Senior Vice President of Mortgage Services, Mary Kladde said the new audit categories are the result of market demand. “Increased regulatory and agency scrutiny in combination with tightening market conditions have mortgage lenders and servicers watching their P’s and Q’s, ” Kladde said.

“By zeroing in on quality control at precise stages of the process, we are able to offer our clients a targeted and extremely focused level of QC that results in far greater accuracy – and peace of mind.”

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Top 5 Ways Loan Servicers Get into Trouble on MERS Annual Report

Thursday, July 19, 2018

Top 5 Ways Loan Servicers Get Into Trouble on MERS Annual Report

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 his panel on MERS reconciliation at last month's MERS User Conference in Virginia.

Jensen doesn't really care when you start your holiday shopping. But as an expert on the requirements of the MERS® system, he has seen too many loan servicers wait until the last minute to start planning for the annual report.

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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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What If Your Mortgage QC Turn Time Was 35 Days?

Tuesday, July 25, 2017

What If Your Mortgage QC Turn Time Was 35 Days?

"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 providers. Why does it take so long? It's usually because they're having trouble keeping up with volume, but it could be any number of reasons.

Long turn times put you in an uncomfortable position of being out of compliance with the agencies. If your vendor post closed review is at 60+ days, you have ZERO flexibility in any internal process and procedures. We've even seen many lenders recently receiving added scrutiny from HUD, as well as investors, due to unacceptable vendor time frames. 

What if your mortgage QC turn time was 35 days? What would you do with the extra time and lack of stress?

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Top 15 Mortgage QC Findings for 2016

Thursday, January 12, 2017

Mortgage QC: Top 15 Findings for 2016

With 2016 in the books, here is a look back on the top 15 mortgage quality control issues based on thousands of post-close QC audits that we performed over the past year.

All but three are compliance and TRID related. While we did see a slowdown in TRID findings as the year progressed it does illustrate the impact these regulations have had on the industry.

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MetaSource to Exhibit at the MBA Independent Bankers Conference 2017

Thursday, January 05, 2017

MetaSource to Exhibit at the MBA Independent Bankers Conference 2017

MetaSource Mortgage exhibit at MBA's Independent Mortgage Bankers Conference & Expo 2017.

Mortgage QC, MERS & Workflow Automation

Join us in booth #24 to learn about our mortgage loan quality, MERS quality assurance and workflow automation solutions that streamline and ensure quality control in step with the mortgage origination process as well as servicing these loans over their life.

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Fannie Mae announces Day 1 Certainty Program

Wednesday, November 02, 2016

Fannie Mae announces Day 1 Certainty Program  text


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