Essent Guaranty Case Study

Premium Title started ELoanDocs in order to link different and numerous parties together, while informing them about mortgage-closing processes through technology. Before the company’s new process was created in the early 90’s; the industry’s process was stagnant and paper intensive. Prior to eLoanDocs system the mortgage industy consisted of a fax, mail, and an in-person review. A mortgage loan and final closing procedure would take around 90 days. It would also oblige a mortgage lender to generate final documents manually and then send it over to a title company prior to the scheduled closing date.

Miller, Correspondent Broker: Ken started working with the members of La Jolla Cove Investors, Inc. to originate loans secured by first priority liens on real property in 2013. Ken founded the Northern California operations of a well-established Southern California private-money lender in 2003. Ken has over 17 years of management experience in the mortgage finance industry for such firms as SunTrust Bank, JPMorgan Chase, and Aames Financial Corporation (where his duties included serving as its Supervising Broker of Record). He holds a B.S. in Finance from Arizona State University, an M.A. in Economics from the University of San Francisco and is a licensed California Real Estate

John Culbert is given the difficult task of selecting the best approach that will capitalize on opportunities to increase the performance efficiency of the credit function without disrupting its current customer-oriented culture. His main challenge is the lack of a comprehensive system to evaluate the gains from centralization and the problems it could potentially create vis-à-vis the current status quo. Hence, we suggest a basic framework for him to evaluate the costs and benefits associated with changing the structure of the credit function. Given that the change is mandated by his managers, there are high potential cost-savings, and low risks associated with

McBride Financial Service is a mortgage lender based out of Boise, Idaho. The goal of the company is to develop into most brilliant cost mortgage contributor by utilizing modern technology while keeping interest rates low. McBride always wishes to increase its current growth by expanding into five additional states Montana, North Dakota, Idaho, South Dakota and Wyoming. McBride will also strive toward improving the standard of the company with the traditional loans for purchasing and refinancing homes such as FHA and VA.

Foreclosure has become an outbreak affecting an entire nation. Realtytrac just reported in the month of April 2011 that one in every 593 housing units received a foreclosure filing. (N1) That statistic is for just one month! Some states such as Arizona, California, Florida, Michigan and Nevada continue to be plagued with an influx of homes falling victim to foreclosure or some other form of default. Each home that is a casualty to a foreclosure, short sale or even bankruptcy is secured as collateral for the lender holding the promissory note. The consequences tend to come at a cost for the lender selling the property but a deal for the buying investor. The costs incurred and the losses experienced by the affected

After the housing bubble burst, everyone involved in the process was subject to severe criticism. From the realtors to the land title insurance agents to the banks, the housing industry underwent a major overhaul. In order to make sure that what happened less than a decade ago doesn’t happen again with the same veracity, the American Land Title Association (ALTA), which guides the conduct of land title insurance agents, published a “Best Practices” manual. ALTA seeks to guide its membership on best practices to protect consumers and to meet legal and market requirements. This paper will lay out the best practices used by ALTA for title

As the foreclosure crisis in the United States continues to spiral, increasing attention is being given to novel and creative solutions for reducing the risk of mortgage default. The Obama administration has proposed several government-backed programs to help homeowners stay in their homes, and private lenders have tried various approaches to stabilize the economic situation. To date, none of the enacted efforts has substantially improved the crisis, and as such the number of homeowners filing for bankruptcy and entering foreclosure continues to mount.

Mastered Mortgage Solutions LLC is an Illinois based limited liability partnership that specializes in consumer mortgage lending operations with a primary focus on being a full service mortgage lending and real estate finance training and education, quality review and risk management company that is geared to equip Mortgage Bankers, Mortgage Brokers, Mortgage Investors, Credit Unions and Community Banks in traversing the new regulatory and compliance landscape that currently exists in the mortgage banking industry. In today’s post economic crash lending environment mortgage originators are under tremendous pressure to evaluate current business practices and adopt measures that will align business practices with mandated regulatory and compliance requirements. Mastered Mortgage Solutions LLC makes available a variety custom tailored education, training, quality review and risk management packages for mortgage lenders to take advantage of to insure that all areas of lending operations meet current regulatory and compliance standards. Mastered Mortgage Solutions LLC will leverage knowledge and skill to achieve optimum outcomes by working seamlessly with our clients. In addition, our services support business process improvement to help our clients stay competitive and compliant in the current environment of government lending

We are advancing people an amazing chance to grow their perspective about how honest to goodness best home loans ought to be. Every so often, we are incessantly finding ways and get-together recommendations to enhance our organizations even. Beginning now, a champion amongst the most surely understood would be auto financing, and we present to you the best gives sustenance and thought that will give you the settlement and experience of owning another

The Licensee’s primary business is originating conventional mortgage loans and mortgage loans based on FHA/ Hud Title II regulations. Security National Mortgage Company has 123 wholesale and retail offices in twenty three states. The Licensee originates and sells mortgages to warehouse banks under loan purchase agreements. The Licensee

Everybody would concur that purchasing a house is a noteworthy buy. Indeed, even with the decrease in the lodging market lately purchasing a house is still very costly and the most ideal approach to secure that venture is with a decent homeowners insurance arrangement. Actually, if the buy of your home requires getting a credit, your moneylender will more than likely require that you convey in any event essential homeowners insurance. This article will speak quickly about what's secured and what's not secured in a fundamental homeowners insurance strategy and gives some tips to ensure you get the best scope at the most ideal cost.

He holds a BS degree in electrical engineering from an Indian technology institute and an MBA from a major U.S. university. Sean Davidson, director of technology, has more than ten years of experience in software development and integration. Walter Vu has almost ten years of experience in sales and business development in the software industry, including positions at Claris and Maxis. Mitch Feldman, director of marketing, was responsible for the marketing communications function and the Internet operations of a large software company for six years. Management strives for continual improvement in ease of user interface, personalized services, and amount of information supplied to customers.

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Jacobson first consulted Dan Gunther who was in charge of the Boston Division. Jacobson consulted Gunther due to his fifteen-year experience with the company. He figured he would have the best insight to the sales were stagnant because of his wisdom and experience. Jacobson found out that the flat sales of the Boston branch was due to the irrational/unreasonable demands of their client. Then he contacted the Philadelphia branch. Carol Klein, the key account manager, told Jacobson that the reason of her flat sales was due to personal reasons that were going on in her life. She was having issues juggling her stressful job and taking care of her family as well. Although this is a valid excuse of something that many people struggle with, it should not be negatively affected her work performance. The next sales representative that Jacobson consulted was Mike Wagner in Washington DC. Wagner claimed that he is having a hard time on finding information regarding the present condition of the competition in the market, making it harder for him to compete with the others. This is not only Wagner’s fault for not doing the research, but also upper management’s fault for not informing the employee’s of how to compete with

We believe traditional mortgage lenders are improperly structured or staffed to undertake the hands-on and highly varied risk analysis required of these types of Loan transactions. We also believe that large lenders that fund