Year-end is a busy time of the year for everyone, but especially servicers as they prepare to close their books for 2017 and prepare for 2018 processing. There are many activities that occur throughout the year that could impact year-end, such as acquisitions, changes in IRS regulations, system changes, and process changes. We have put together some simple yet valuable information to help you prepare for year end and are glad to share them with you.
Your organization requires a loan servicing software solution that includes the features your need to keep up with today’s servicing demands. LoanDynamix loan servicing software was built to allow you to create efficiencies while staying on top of ongoing compliance and reporting requirements.
This article was originally posted in the September issues of HW Magazine. View the article on Housingwire.com : https://www.housingwire.com/articles/41203-isgn-innovates-in-the-servicing-space-with-feature-rich-scalable-technology
Or read the full article here:
Today more than ever loan servicers are faced with the challenge of keeping up with GSE and investor changes in reporting compliance. The need for servicing technology and a supporting vendor that can keep up with the pace of constant changes has become a critical aspect of doing business for successful servicers.
FHA 203K loans, which provide funds for the purchase or refinancing of a home in need of repairs and renovation, continue to be a fast-growing product within the mortgage industry. As the demand for renovation loans grows so does the requirement for a better way to administer the construction/renovation phase of these loans.
The federal government raised the rate again and second mortgage originations are on the rise.
Concerned about how you can track your second mortgage if the first mortgage commences with foreclosure?
Learn about how Tempo, one of the top default management solutions in the marketplace, can solve this problem for you. Using Tempo you can set up templates to track and follow the first mortgage monitoring actions.