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Bundled Services 'Becoming the Norm'.(Brief Article)

Mortgage Servicing News

| August 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Steven Hunt, vice president for specialized sales at First American Real Estate Information Services, says that potential RESPA changes are generating buzz around the concept of bundled services.

The trend has gone online, with "numerous portals" entering the market to offer combined services to their unique user groups.

"But the concept of bundled services has been around for quite a while," he said. "Select multiproduct companies have long made product bundling available to the marketplace, but often with mixed results during the early going. As technology and comfort in the concept continue to grow in the industry (with some not-so-meek regulatory prodding), product bundling is poised to become the norm, rather than the exception, with lenders and vendors across the nation," Mr. Hunt said in an article about the trend.

Technology has enabled bundling to mature in the "ordering method of choice within the mortgage industry," he said, citing ...

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