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Tag Archives: Quality Assurance

Borrower Verification Company Undergoes Data Privacy Audit

Veri-Tax, LLC, a provider of income and identity verification products for banks and mortgage lenders, successfully completed a SAS-70/SSAE-16 Type II audit. Veri-Tax calls the SAS-70/SSAE-16 audit the more rigorous Type II audit, which involves an assessment of its corporate-wide policies and procedures related to handling client data. Such an audit addresses how employees access borrower tax and identity orders as well as the security of Veri-Tax's financial billing systems, information technology, and disaster recovery plans.

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Georgia Firm Hires Director for New Quality Control Department

McCurdy & Candler, LLC, an Atlanta-based law firm providing default services to lenders and servicers in Georgia and Tennessee, announced it has hired a director with financial services audit experience for the firm's new quality control and compliance department. Joe Bayonne has joined the firm as its new director of quality control and compliance.

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CoreLogic Integrates Fannie Mae LQI Suite with Ellie Mae System

CoreLogic Credco, a provider of merged credit reports, recently integrated its FinalCheck suite into the Ellie Mae Encompass360 mortgage management solution. FinalCheck is an automated Fannie Mae loan quality initiative (LQI) compliance suite that assists lenders in verifying credit, application, and fraud data. The company says the technology can help lenders uncover undisclosed debt prior to loan submission and mitigate repurchase risk to avoid loan buy-backs from the GSE.

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Blueberry Systems’ Tech Enhancements Reduce Loan Buyback Risk

Blueberry Systems, LLC, a provider of mortgage production solutions to the financial services industry, recently enhanced its proprietary Conductor technology, a component of the company's flagship loan production platform, RELAY. The firms says the update gives mortgage lenders greater control over their loan data, which lowers the risk of errors and costly loan repurchases from mortgage investors.

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Safeguard Announces Four Executive and Management Appointments

Safeguard Properties issued a notice Thursday announcing the appointments of four individuals to its executive and management teams. Michael Greenbaum has been named to the newly created position of VP, REO. Apryl Seide was appointed as the company's general counsel. Jennifer Anspach has been promoted to director of finance and accounting, and Russ Klein has been named director of quality control.

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Allonhill Names New Managing Director of Government Services

Denver-based Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, recently appointed Mike Margolf managing director of government services. Margolf, who previously served as the firm's director of due diligence, now oversees day-to-day operations of Allonhill's public sector offerings and manages relationships with government clients.

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DecisionReady Launches Pre-Foreclosure Review Module

DecisionReady, a provider of default servicing compliance solutions, released a pre-foreclosure review module for the DecisionReady Compliance Suite on its cloud-based technology platform this week. Operating like a compliance quality control checklist, the pre-foreclosure review module enables servicers to ensure they meet the requirements for reviewing a delinquent mortgage loan.

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Cogent Releases Version 3.0 of Quality Control Software

Cogent QC Systems released Version 3.0 of its CogentQC.NET platform, which includes ServicingQC.NET for quality control of servicing processes as well as ProductionQC.NET for quality control of loan originations. The new release includes enhanced functionality for audit findings feedback, enterprise level security features, and additional user controls.

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Visionet Launches New Services to Manage Loan Repurchase Claims

New Jersey-based Visionet Systems, a full-service mortgage consulting and business process outsourcing company, recently launched new outsourcing services to assist banks with loan buybacks. Currently, Visionet is aiding two of the top four U.S. banks in recovering a majority of mortgage repurchase requests from GSEs and private investors, according to a statement from the company.

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DecisionReady Reaches Compliance Review Milestone

DecisionReady, a provider of default servicing compliance solutions based in California, announced this week that it has reviewed 1 million delinquent residential mortgage loans for loss mitigation and foreclosure process and policy compliance for leading servicers. DecisionReady technology offers compliance for early stage delinquency through loss mitigation, foreclosure, and the post-sale process to ensure regulatory rules and investor guidelines are met.

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