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Author Archives: Heather Cernoch

ISGN Partnership with Interthinx Protects Lenders from Fraud

Mortgage technology provider ISGN recently partnered with Interthinx, a provider of risk mitigation solutions covering mortgage fraud, collateral valuation, regulatory compliance, audit services, and loss forecasting. ISGN will add Interthinx's FraudGUARD fraud detection solution and PredProtect Compliance Suite to the MORvision loan origination system Plug-In Partner Network. ISGN says these additions will prevent fraud and ensure compliance prior to loan funding.

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eBrokerHouse Expands Trustee Sale Software to Two New Counties

Real estate software firm eBrokerHouse recently released its Rapid Trustee Sale (RTS) tracking and management software platform for two new counties--Maricopa in Arizona and San Bernadino in California. RTS allows users to track opening bids in real time, get full property details, and manage documents and pictures associated with each property. The system also serves Los Angeles, Riverside, and Orange counties in California and Clark County, Nevada.

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Total Mortgage Services Names New Head of Wholesale Lending

Connecticut-based mortgage lender Total Mortgage Services, LLC announced Tuesday that Lisa Schreiber is the company's new head of its wholesale lending channel, TMS Funding. As EVP of wholesale lending, Schreiber is responsible for defining and implementing the company's vision, strategy, and execution to build TMS Funding into a nationwide wholesale lender.

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Foreclosure Avoidance Site Offers Borrowers Satisfaction Guarantee

HomeAffordableGuide.com provides interactive software that guides borrowers through the application process for mortgage help programs, and the company now offers a 30-day satisfaction guarantee. If a homeowner is not happy with the site's abilities while applying for a loan modification or short sale, they may request a full refund within 30 days of purchase.

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Fairway Independent Mortgage Reaches Nearly $4B in New Loans

Fairway Independent Mortgage Corporation, a Wisconsin-headquartered mortgage banker, reached $3.94 billion in mortgage volume last year, its highest annual volume in the company's 15-year history. The total exceeds 2009's record volume of $3.35 billion. The company says its focus in 2011 is recruitment. It currently has more than 1,030 employees in 90 locations.

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Lenders One Names New National Programs Account Executive

Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders, and suppliers of mortgage products and services, has hired Bonnie Hudson as national programs account executive. Hudson will assist in the marketing of Lenders One partners' products and services to its membership while providing additional resources needed to meet members' daily needs.

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Credit Reporting Companies Implement New Scoring Model

VantageScore 2.0, the latest credit scoring model from VantageScore Solutions, is now fully implemented at all three major credit reporting agencies - Equifax, Experian, and TransUnion. VantageScore 2.0 was created in response to significant changes in consumer credit repayment behavior, and the company says it enables lenders to better mitigate risks and make more informed lending decisions.

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The PMI Group Promotes Two to Deputy General Counsel

The PMI Group, Inc., a California-based provider of residential mortgage insurance and credit enhancement products, recently promoted Christopher Brunetti and William Levinthal to deputy general counsel within the company's legal department. Brunetti works on PMI's corporate and regulatory initiatives, and Levinthal supports initiatives related to mortgage insurance operations and loss mitigation.

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3Point Lender Services Relocates National Headquarters

Dallas-based 3Point Lender Services, a national property preservation, inspection, and repair and rehab company, has relocated its national headquarters to a larger facility in Addison, a Dallas suburb. The company says rapid growth and continued proximity to key clients was the driving force behind the move.

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Wells Fargo Offers Foreclosure-Avoidance Counseling in Brooklyn

Wells Fargo will provide one-on-one consultation sessions for customers facing financial hardships January 25 and 26 in Brooklyn. Thousands of area homeowners are invited to the event, which will focus on avoiding foreclosure. The company says it is committed to helping people stay in their homes, and this workshop is another way for it to reach out to homeowners and provide answers on the options available for them.

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