The StoneHill Group, a national provider of quality control, due diligence, loan fulfillment, mortgage compliance audits and other outsourcing services to the mortgage industry, has hired Margery McDonald as its new human resources manager as the company continues its growth and expansion throughout the United States. 

The StoneHill Group is acquiring new customers at a record pace for their mortgage loan services as the industry looks to add experienced business partners to help manage compliance to new CFPB regulations and stricter investor guidelines.Click to continue

BrokerPriceOpinion.com, a provider of highly customized valuation solutions that apply analytics and client-specific rules and criteria, has named Chris McLain as director of business development. McLain will manage sales, re-seller relationships, strategic partnerships and business development for BrokerPriceOpinion.com, which has developed Web-based tools to streamline the valuation process. He will be based in Gainesville, Fla., providing the company with an East Coast representative as it accelerates its growth initiatives.Click to continue

BrokerPriceOpinion.com, a provider of customized valuation solutions that employ analytics and client-specific rules and criteria, has named Michael Richardson as president. Richardson will manage the day-to-day national operations of BrokerPriceOpinion.com, which has developed Web-based tools to streamline the valuation process, including a flexible software valuations platform, giving the company the ability to rapidly accommodate the specific valuation needs and preferences of individual clients.Click to continue

DecisionReady, a provider of default servicing compliance solutions, announced that it now has reviewed one million delinquent residential mortgage loans for loss mitigation, and foreclosure process and policy compliance for leading servicers. The DecisionReady technology platform offers end-to-end compliance for every stage of default servicing—from early stage delinquency through loss mitigation, foreclosure and the post-sale process.Click to continue

This is the third of three columns that I am writing to bring attention to and extol the virtues of the three most commonly used appraisal review reports as quality control tools. These tools are: The Electronic Appraisal Review; the Desk Review; and the Field Review. They are listed in the order of the least comprehensive to the most comprehensive, and the column is designed to assist the reader in making the proper decision as to which review tool is best for a given situation.Click to continue

A coalition of seven major public pension systems has called on the boards of directors of Bank of America, Citigroup, JP Morgan Chase and Wells Fargo to immediately undertake independent examinations of the banks’ mortgage and foreclosure practices. Led by New York City Comptroller John C.Click to continue

It has been a long time since I’ve written an article about the broker-to-banker business, but it appears that the time has come around once again. From the ashes of the spectacular and abrupt meltdown of the mortgage industry, has come the tinkering of the federal government with matters that are really beyond their level of expertise. From the new legislation, which has yet to prove that it is a benefit to anyone remaining in this industry, comes the ever resourceful mortgage broker.Click to continue

The Federal Housing Administration (FHA) has released its annual independent financial report and economic outlook for fiscal year 2010 to Congress. "I am pleased to report that FHA is stronger today than last year," said FHA Commissioner David H. Stevens. "The actuarial study finds that since last year, FHA’s capital reserves held steady, insurance claims declined significantly, and the economic value of FHA’s single-family insurance fund grew by more than $1 billion."Click to continue

Wells Fargo & Company is continuing its ongoing efforts to monitor and assess its foreclosure affidavit procedures. “We understand the concern over foreclosure procedures on the part of homeowners in these difficult economic times, and want to do everything we can to assure that the procedures we have in place provide Wells Fargo borrowers and others with confidence that foreclosure proceedings we initiate are done appropriately,” said Mike Heid, co-president of Wells Fargo Home Mortgage.Click to continue

In the ever-changing world of regulatory compliance, lenders and mortgage professionals are constantly being subjected to new requirements, and as a result, continue to seek clear guidance and interpretation of lending regulations. Despite the fact that mortgage professionals and lenders are continually taking extensive measures to meet these changing regulation requirements—including investment and commitment in technology, training and quality control—the fight never ends.Click to continue