Welcome back from the long holiday weekend! To help you get your mind back on mortgage and ease into the week, we have our second installment of our LoanLogics crossword puzzle series. Try your hand at this latest puzzle below. Get stuck or want to confirm your answers? Just checkout the answer key below. Enjoy the puzzle. Start the crossword HERE.…
Last week, I discussed in great detail the significance of recordable documents in MERS® compliance. I thought it prudent in this follow-up piece to share some additional insights on common errors LoanLogics found in 2020 with regards to recordable document errors. The top document categories found with the most errors included Lien Releases/Substitution of Trustee, Assignments and Modification Agreements. As…
In my first post of this series, I discussed a new yearly training program offered by MERS® to certify experienced, knowledgeable independent review firms and the level of detail needed to demonstrate compliance. As promised, I’m back with an examination of recordable documents and its significance in Annual MERS Compliance Reviews. Many internal and external MERS quality assurance reviews tend…
It never fails. You are in the middle of managing a large enterprise-wide project, tech implementation perhaps, or just juggling unforeseen volume and one of the government sponsored entities’ (GSE) ‘comes a knockin’. Many lament that it is bad timing, but in the mortgage industry is there ever a good time? We all saw how the industry was scrambling in…
Our survey is LIVE and we want to hear from you! Continued expansion of technology automation is no doubt a mortgage industry priority for 2021. Specific goals may vary across channels, but what appears to be consistent is the desire to increase efficiency, flexibly scale (up or down) with market volume and manage loan quality that will pass any level…
Launched in April 2020, LoanLogics IDEA™ OnDemand, was designed to improve the speed, accuracy, and affordability of in-line mortgage doc processing. At the time of launch and ever still so, this digital assistant plays an important role cutting through the immense industry volume by using automation, not people, to classify documents and extract data. All in real-time! One of the…
