TSS Software announces TitleExpress integration capabilities

Apr 16, 2008

Wolters Kluwer Financial helps lenders and borrowers simplify closing processMortgagePress.comSimplified Mortgage, closing, recordable mortgage document Wolters Kluwer Financial Services announced the launch of a new mortgage document solution, the Wolters Kluwer Financial Services Simplified Mortgage. The solution will help lenders and borrowers make the closing process for first mortgage and home equity loans easier, faster and more affordable, while complying with all federal and state regulatory requirements. Simplified Mortgage permits the current recordable mortgage document to be split into two content pieces. The first piece is a two- to three-page recordable instrument that contains all information required to create a valid lien and fully comply with the recording requirements of each state. The second piece is a non-recordable supplement that outlines a loan's standard covenants between the lender and borrower. Wolters Kluwer Financial Services is a provider of forms and compliance software to the financial industry based in Minneapolis. For more information, call (800) 552-9410.

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Apr 16, 2008

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....