""RedVision"":http://www.redvision.com/, a provider of title reports and real property research solutions, developed a new loan modification services bundle in response to the Obama administration's efforts to continue providing loan modifications for at-risk homeowners by ""extending"":http://www.dsnews.com/articles/obama-administration-extends-making-home-affordable-program-2013-05-30 the Making Home Affordable Program.[IMAGE] [COLUMN_BREAK]
Leveraging its ability to offer comprehensive title services, RedVision is bundling additional components consisting of a lien priority policy and recording service to offer the new streamlined loan modification solution.
From due-diligence reporting on the status of the title, through the recording of the loan modification documents and facilitating the issuance of lien priority insurance, RedVision's team of specialists will assist clients through steps related to tracking recording and lien priority policy issuance, the New Jersey-based company stated in a release.
Specific functions the loan modification services bundle will provide include generate and ensure quality control of current-owner title report; review title report and assign eligibility grade; perform quality-control review of executed loan modification agreement prior to recording; coordinate electronic recording or direct record via delivery to county recorder's office, and confirm recording and scan a copy of recorded document, in addition to several other benefits.
In addition, RedVision's client relationship team will meet with clients to create a process that tailored based on specific needs.