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Tag Archives: Attorneys & Title Companies

Companies Join Forces to Provide “Mods in Minutes”

Intelenet Global Services and SigniaDocs Inc. have partnered to offer lenders and servicers a scalable eModification solution. The two companies explained that this online, real-time approach compresses today's lengthy and arduous loan modification process to identify and collect required documents into a "Mods in Minutes" solution - technology they say could help to overcome some of the biggest obstacles of the government's Home Affordable Modification Program.

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Industry Voices Concern over New Securitization Rule

The FDIC has requested comments from the industry on a new regulation that would limit safe harbor protections for assets, including mortgages, which have been securitized by failed banks. FDIC officials say the rule would return some confidence to the tenuous secondary market, but industry trade groups argue that it could have a counter effect of creating ""substantial uncertainty"" for investors and stifle an important financing channel.

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SigniaDocs Execs Appointed to Key MISMO Posts

Harry Gardner and Charles Epperson of SigniaDocs, a Dallas-based provider of eMortgage services, have been appointed to key posts within MISMO, a nonprofit subsidiary of the Mortgage Bankers Association (MBA) that is known as the mortgage industry's pre-eminent standards organization.

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Report Shows Rise in Mortgage Layoffs

With the unemployment rate at an all-time low, employment in the mortgage industry is following suit. According to the Third Quarter Mortgage Employment Analysis from Mortgagedaily.com, mortgage employers eliminated 710 more positions during the third quarter than they added.

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