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Tag Archives: Quality Assurance

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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Lenders One Launches New LendRIGHT Marketing Campaign

Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders, and suppliers of mortgage products and services, launched a new national marketing campaign this week. LendRIGHT was created to establish a seal of excellence for the mortgage industry, according to a statement from Lenders One. The organization says the program allows consumers to recognize lenders who have pledged to provide the highest levels of quality and performance.

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Pegasystems Announces New Solution in Loan Foreclosure Processing

Pegasystems Inc, a provider of customer relationship management solutions, has launched a new pre-foreclosure solution that allows mortgage servicers to implement regulatory quality controls before foreclosure. The timing of the product roll-out couldn't be more apt, considering the uncertainty now surrounding foreclosure documentation and servicing procedures due to the recent robo-signing fiasco.

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Mortgage Cadence Offers Integration with Fannie Mae EarlyCheck

Mortgage Cadence, LLC announced it will support Fannie Mae's Loan Quality Initiative (LQI) with the direct integration of EarlyCheck. According to the company, the integration will validate critical data prior to delivering a loan to Fannie Mae and reduce funding and pooling delays after submission. EarlyCheck was developed by the GSE to ensure that delivered loans meet standard and negotiated terms with fewer delivery stops by providing identity checks, property and occupancy checks, and eligibility verification.

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