Titan Capital Solutions (TCS), a wholly-owned correspondent lending subsidiary of mortgage outsource services provider Titan Lenders Corporation, has hired Joel Veenstra, a 24-year financial services sales executive, to lead its sales team as national sales director. In addition to his sales leadership duties, Veenstra will be responsible for driving Titan’s growth into agency product and a bulk purchasing program in 2013.Click to continue

ServiceLink, an end-to-end origination, servicing and default solutions provider for mortgage lenders and servicers, has announced that Kevin Coop has joined as executive vice president of enterprise strategy. Coop will coordinate overall business development for ServiceLink’s originations and default sales teams, marketing group and product development strategy team. He also manages the continued development and execution of the enterprise growth strategy for ServiceLink’s top accounts, while growing the emerging market segment and strategy.Click to continue

Interthinx, a provider of comprehensive risk mitigation solutions for the financial services industry, has released its quarterly Mortgage Fraud Risk Report covering data collected in the third quarter of 2012. According to the most recent analysis, overall risk nationwide has decreased by nearly eight percent to the lowest value observed in the past two years. However, significantly increased levels of fraud risk in Florida pushed it past Nevada and into the top spot for overall fraud risk. Florida also appears on three of the four type-specific top 10 riskiest lists this quarter.Click to continue

Interthinx has announced the availability of its new MERS Compliance Audit Service, the latest addition to the Interthinx suite helps MERS members avoid sanctions, penalties or revocations that could result if they are ruled to be out of compliance with the new MERS requirements. Revised MERS Quality Assurance Standards now require all MERS general members to have an independent, third-party review of the members’ quality assurance plan annually.Click to continue

Interthinx has announced the availability of its new industry paper entitled “Understanding the Financial Crisis Through Decomposition of Retail Lending Portfolio Performance.” The study, produced by the Interthinx Predictive Analytics group, notes that an improved approach to forecasting and stress testing portfolios against separate origination strategies and economic factors will help lenders determine what percentage of risk is within their control and what is not.Click to continue

Interthinx and Decision Ready have announced an alliance to offer comprehensive quality control (QC) and quality assurance programs to the servicing industry. With mortgage servicers facing increasing scrutiny of their default management procedures and the upcoming Consumer Financial Protection Bureau (CFPB) enforcement, servicers will need to increase their diligence in assessing and monitoring policy and regulatory compliance.Click to continue

Interthinx has announced that it has joined forces with MRG Document Technologies group at Middleberg Riddle & Gianna to offer an attorney-backed compliance service aimed at helping financial institutions meet new legal and regulatory compliance requirements. Attorney-backed compliance provides independent file reviews and expert loan file analysis to help protect mortgage lenders from common compliance mistakes. This service combines sophisticated technology with expert review performed by Interthinx mortgage compliance specialists and the experts at MRG Document Technologies.Click to continue

Interthinx has announced the release of TrueOutlook, a portfolio forecasting and stress testing tool that enables financial institutions to predict to what extent the quality of underwriting, age of loans, and economic impacts will affect future losses. TrueOutlook allows for the forecasting and stress testing of portfolios against different originations strategies and economic factors to show lenders what percentage of risk is within their control and what is not.Click to continue

Interthinx has released its quarterly Mortgage Fraud Risk Report covering data collected in the second quarter of 2012. According to the most recent analysis, overall risk resumed its upward climb after a one-quarter pause, with the Index value rising nearly seven percent to 149. The change was primarily driven by the recent inclusion of 91 metropolitan statistical areas (MSAs) that moved into the “very high risk” category.Click to continue

Interthinx has earned a National Institute of Standards and Technology (NIST) certification recommendation from SecureInfo for two of its automated products for the residential mortgage markets. SecureInfo subjected both FraudGUARD and PredProtect to extensive review to determine that the products meet the stringent security requirements of the NIST. Click to continue