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Tag Archives: Commerce Velocity

Commerce Velocity Addresses Quality Right Party Contact Requirements

Commerce Velocity, a member of the Fidelity National Financial family of companies, has enhanced its Optimizer solution to help achieve the new requirements for the Quality Right Party Contact (QRPC) standard outlined by Fannie Mae and Freddie Mac as part of the GSEs' servicing alignment initiative. The new enhancements are designed to arm servicers with technology to document communication to the borrower regarding the resolution of their delinquent mortgage, as required by QRPC.

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Commerce Velocity Releases Loss Mitigation Borrower Portal

Commerce Velocity, a member of the Fidelity National Financial family of companies, recently released its Loss Mitigation Borrower Portal. The portal supports the federal requirement instituted by regulators under the consent orders issued to servicers in April for communicating with borrowers via a single point-of-contact (SPOC). It also provides borrowers with a place to review the status of a loan, upload financial documents.

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