Tag Archives: Compliance

Indecomm Global Services is now offering eRecording to lenders and title agents in more than 500 counties nationwide. The company passed the 500-county mark with the recent addition of all Hawaiian counties to the Indecomm eRecording roster. The company already offers paper recording in all U.S. jurisdictions.

Clayton Holdings, LLC, a provider of loan due diligence, surveillance, and consulting services to the mortgage industry, announced Monday that Joe D'Urso has been named president and COO of the company, effective immediately. D'Urso will oversee all of Clayton's U.S. business units. In addition, Lorenz Schwarz has been named president of Clayton's Green River Capital business unit in addition to his current role of the business unit's COO.

Mortgage Connect has appointed its VP of sales to the newly created role of chief strategy officer. Cristy Ward has worked in the mortgage industry for 17 years and in that time has earned a reputation as a problem solver who develops innovative, tailored solutions for complex problems.

DocuTech Corp., a compliance and documentation technology company headquartered in Idaho, has partnered with Veri-Tax to automate the 4506-T IRS verification process in its flagship software ConformX. The company says this technology enhancement will help lenders to simplify the disclosure process while ensuring compliance with consumer protection regulations.

The Residential Standards Governance Committee of the Mortgage Industry Standards Maintenance Organization (MISMO) has elected Randy Gilster as its chairman. Gilster, a 20-year financial services veteran, is SVP of business capability development at Wells Fargo Home Mortgage.

As the industry prepares to comply with the January implementation of new rules from the Consumer Financial Protection Bureau (CFPB), Fannie Mae and Freddie Mac updated their servicing guides to bring GSE standards in line with the new regulations. Among the guideline changes, servicers are prohibited from mentioning foreclosure earlier than 121 days into delinquency.

Security California Bancorp, the holding company for Security Bank of California headquartered in Riverside, announced the appointment of Dolly L. Nugent as SVP and chief compliance officer. She is also a member of the bank's strategy and planning committee and oversees its Bank Secrecy Act Program.

Unquestionably, the number of foreclosures in Arizona has reached an unprecedented high. The state has consistently ranked within the top 5 in terms of properties with foreclosure filings, according to RealtyTrac, a national database of foreclosure and bank-owned properties.