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Tag Archives: Quality Assurance

OpenClose Recruits LOS Development Expert


Joseph Wade's expertise in LOS systems will help OpenClose to further innovate and enhance its existing software solutions. He will play an integral role in software innovation and enhancements for the mortgage fintech provider.

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LoanLogics Unveils MERS Monitoring and Review Service

LoanLogics, a provider of loan quality management and performance analytics, announced the unveiling of its MERS Independent Third Party Performance Monitoring and Annual Review service. The specialty audit practice reviews and tests MERS controls and processes so servicers can ensure they are compliant with MERS regulations and avoid scrutiny.

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LoanLogics Receives $11.2M to Fund Continued Growth

LoanLogics, a company specializing in loan quality management and performance analytics technologies for the mortgage industry, announced it has raised $11.2 million in funding from growth equity firm Volition Capital and existing investors. The capital infusion will be used to continue the company's national expansion and to enhance its Enterprise Loan Quality Management System.

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Stewart Fortifies Foothold in Capital Markets Space with Allonhill Buy

Stewart Lender Services announced Tuesday that it has acquired key assets of the due diligence and credit risk management firm Allonhill. Stewart will retain all Allonhill personnel as well as Allonhill's headquarter facility in Denver and the technology developed by the Allonhill team. The acquisition strengthens Stewarts offerings by adding due diligence, loan quality reviews, compliance solutions, and servicer performance management to its suite of products provided to the mortgage servicer and investment communities.

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Freddie’s 2013 Buyback Strategy: Older Loans for QC but Fewer Reviews

Freddie Mac is ramping up repurchase demands and increasing the pool of defaulted loans subject to put-backs to include mortgages originated prior to the crisis in 2004 and 2005, according to U.S. Bancorp CEO Richard Davis. Speaking to investors at the Goldman Sachs Financial Services Conference this week, Davis described the news as ""unexpected,"" but Freddie Mac maintains it has always had the authority to pull files for review when loans stop performing regardless of when the loans were originated. The GSE says its repurchase policies have not changed and it is committed to working with lenders to resolve any issues.

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DataQuick Introduces PortfolioQ to Help Equity Lenders

In response to the need for in-depth portfolio analysis, DataQuick announced the introduction of PortfolioQ in a company release. The hosted solution provides equity lenders with an in-depth analysis of outstanding liens against the property to accurately calculate current equity position and related risk.

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Wolters Kluwer Names Former Fed Regulator VP of Professional Services

Wolters Kluwer Financial Services continues to expand its regulatory and risk management consulting services. The company recently brought on Timothy R. Burniston to serve as VP and senior director of professional services for its risk and compliance business. Burniston, previously a senior associate director with the Federal Reserve Board's division of consumer and community affairs, joins the company's growing roster of more than 400 in-house regulatory and risk management experts.

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Collingwood Group Acquires GWN Consulting

The Collingwood Group announced this week that it has acquired GWN Consulting, LLC, a firm specializing in Federal Housing Administration (FHA) and Ginnie Mae risk management and quality control. GWN's business will operate as part of Collingwood's risk management and compliance division, and will be managed by Brian Montgomery, chairman of Washington, D.C.-based Collingwood. GWN's team of professionals have more than two centuries of combined direct HUD experience.

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