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Special Report: Assignments, Releases & Title Services.(Brief Article)
For lenders, the last couple of years must feel like they've found the best fishing hole in the lake. They've been reeling in business at a record pace. But that has put a strain on the lien release department for most shops. Most of the loans being made are used to refinance an existing loan. That means for most loans boarded onto the servicing platform, some other loan is being paid off and has to be released.
The high portfolio turnover rate has also burdened lenders with heavy volume title searches and assignments. All together, the combined workload has forced some servicers that may have resisted outsourcing to take a second look.
Mortgage lending is a cyclical business, as everyone knows, and each aspect of mortgage servicing is cyclical. But a refinancing boom puts stress on just about every aspect of a ...
- Servicing technology: Automation Key To Efficient Lien Releases.
- Magazine article from: Mortgage Technology April 1, 2002 700+ words
...an unusually large number of lien releases to record last year because of...fact, Cendant's 150,000 lien releases were more than twice what the...the wrinkles. Copyright c 2002 Thomson Media. All Rights Reserved.
- VisiRelease Helps Lenders 'In-Source' Lien Releases.
- Magazine article from: Mortgage Servicing News May 1, 2005 700+ words
...he can comfortably say that a lender can manage 10,000 lien releases per month with a staff of just six or seven people. "The...loss estimation and tracking, and REO. Copyright 2005 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia...
- New Missouri Law Monitors Lien Releases.
- News wire article from: Mortgage Line September 17, 2004 700+ words
...lenders were given 15 business days after a mortgage had been paid off to issue a release to the borrower. Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.nationalmortgagenews.com
- Technology Called Crucial for Managing Lien Releases.(Cendant Mortgage Corp....
- Magazine article from: Mortgage Servicing News April 1, 2002 700+ words
...moving away from paper, except in original document states." Many lenders have turned to electronic signature technology to ease up the time required of managers to sign payoff documents. Copyright c 2002 Thomson Media. All Rights Reserved.
- Unconditional or conditional lien releases choose carefully or lose your lien...
- Magazine article from: Business Credit Schwartz, Robert February 1, 2005 700+ words
...made. Although the requirements for lien releases vary from state to state, some jurisdictions...specific formalities to be followed before lien releases will be valid. (See California Civil...have provided for different types of lien releases depending on how payment is made...
- Visionet Systems' VisiRelease Processed More Than One Million Lien Releases and...
- Press release article from: Business Wire February 20, 2007 700+ words
VisiRelease Handled 12 Percent of All Lien Releases Processed in 2006 SAN DIEGO -- Visionet Systems has reported...outsourcing service providers), processed 12 percent of all lien releases in 2006. This milestone was reached just 24 months after...
- County Recorders Increasingly Embrace Electronic Commerce: 'If you're talking...
- Magazine article from: Mortgage Servicing News Garritano, Anthony December 1, 2006 700+ words
...there are a number of lenders doing e-recording around lien releases for example. Some lenders are doing e-recording on the...Mr. Dubinsky. "If you're talking about e-recording lien releases, it's a quick transition. In the end, the transmission...
- Fidelity Automates Lien Releases.
- News wire article from: The America's Intelligence Wire June 26, 2006 700+ words
(From National Mortgage News) Byline: Anthony Garritano Fidelity National Information Services has launched eRelease Payload, an automated utility that allows users of Fidelity's Mortgage Servicing Package to release liens electronically. Fidelity said the service is built to support mortgage
- Buying a Provider of Lien Releases and Other Origination Services.(Fidelity...
- Magazine article from: Origination News October 1, 2005 700+ words
JACKSONVILLE, FL -- Fidelity National Financial here has purchased DOCX LLC, a provider of mortgage lien release solutions, assignment services, county recording office requirements and fee calculators to the mortgage banking industry. DOCX, Alpharetta, Ga., provides outsourced lien release and
- Buying a Provider of Lien Releases and Other Origination Services.
- News wire article from: Mortgage Line October 31, 2005 700+ words
JACKSONVILLE, FL -- Fidelity National Financial here has purchased DOCX LLC, a provider of mortgage lien release solutions, assignment services, county recording office requirements and fee calculators to the mortgage banking industry. DOCX, Alpharetta, Ga., provides outsourced lien release and
Source: HighBeam Research, Special Report: Assignments, Releases & Title Services.(Brief...