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RBMG Goes Online with BITB Collections and Loss Mitigation System.
MSTD Inc., an application service provider for the residential mortgage servicing and unsecured credit industries, has now gone online with its BackInTheBlack collections and loss mitigation product.
Resource Bancshares Mortgage Group Inc., a Columbia, S.C.-based mortgage banker and servicer, is the first to use the product through the Web.
RBMG is currently in a 30-day testing phase of the product.
RBMG intends to roll out BITB in a slow, progressive manner to its borrowers and business relations, including foreclosure attorneys and credit counseling agencies, according to Wendy Seidelson, customer relations manager of RBMG.
The company is currently solely using BITB for its contact with borrowers who have gone 30 days delinquent.
Ms. Seidelson commented, "It's a very good scripting software. It keeps us compliant with FHA, VA, Fannie Mae and Freddie Mac (and private mortgage insurance companies) guidelines as far as talking with the borrowers.
"Anytime they are in a delinquent or default situation, we can now maximize the conversation at the initial point of contact and go from there."
- Fidelity Provides Interface to BITB.(Fidelity Information Services offers an...
- Magazine article from: Mortgage Servicing News June 1, 2003 700+ words
...to sell the firm's BackInTheBlack (BITB) software to Fidelity's mortgage servicing customers. The Web-based BITB collection application has been enhanced...from the MSP loan automation system to BITB, and in turn posts XML-formatted data...
- Counseling Added BITB.(MSTD Inc's BackInTheBlack platform)(Brief Article)
- Magazine article from: Mortgage Servicing News November 1, 2003 700+ words
...counseling services into its functionality. Mortgage servicers using BITB may now set selection parameters, such as unsecured debt to...first consumer credit counseling agencies to become a part of the BITB platform are the Care One Credit Counseling branded services...
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- Press release article from: Business Wire May 17, 2005 700+ words
MIAMI -- Perry Ellis International, Inc. (NASDAQ:PERY) congratulates PING(R) COLLECTION sponsored player Ted Purdy on his victory Sunday at the EDS Byron Nelson Championship. The win was Purdy's first on the PGA Tour, and it earned him a check for $1.1 million. "We are proud of Ted for winning his
- Stewart Default Solutions and MSTD - 'Back in the Black' on Default Servicing.
- Press release article from: PR Newswire October 3, 2005 700+ words
...default servicing platform, BackInTheBlack(R), (BITB). As part of this agreement, BITB will provide support and services to SDS' current...information and services. "By partnering with BITB, we are able to offer a seamless, browser-based...
- Fidelity Provides MSP Interface to MSTD's Collection Software.
- Magazine article from: National Mortgage News May 12, 2003 700+ words
...to sell the firm's BackInTheBlack (BITB) software to Fidelity's mortgage servicing customers. The Web-based BITB collection application has been enhanced...from the MSP loan automation system to BITB, and in turn posts XML-formatted data...
- Technology: Alltel Will Offer Access to MSTD's Default Counseling...
- Magazine article from: Mortgage Servicing News May 1, 2001 700+ words
...collection and loss mitigation application. BITB, a service of MSTD, Baltimore, is a...business partners for Alltel, said that BITB provides automated workflow starting from...Alltel's Mortgage Servicing Package and BITB to support lenders that have not implemented...
- MSTD Provides Web-Based Loss Mitigation to MI Firms.(Brief Article)
- Magazine article from: Mortgage Servicing News February 1, 2001 700+ words
...mortgage insurance version of BackInTheBlack (BITB), MSTD Inc.'s Web-hosted loss mitigation...allows any mortgage servicers using the BITB application to submit paperless loan workout proposals to MGIC and Radian on the BITB Web-hosted platform. MSTD says both...
- SDS teams with MSTD on default servicing.(Licensing agreements between Steward...
- Magazine article from: Mortgage Banking November 1, 2005 700+ words
...default servicing platform BackInTheBlack[R] (BITB). As part of the agreement, BITB will provide support and services to SDS' current...Paylor, SDS' president. "By partnering with BITB, we are able to offer a seamless, browser-based...
Source: HighBeam Research, RBMG Goes Online with BITB Collections and Loss Mitigation System.