Eva Honesto joins Mortgage Network as operations underwriting manager
Fraudmit announces new Web-based submission processMortgagePress.comFraudmit, FTP protocol, scan files, electronic, paperless, document submission Fraudmit LLC has announced a dramatic and beneficial advance in services. The company has instituted a new and innovative Web-based solution that allows clients to electronically upload and submit files for review using a secure FTP protocol. In addition to traditional methods of submitting loans, clients can now submit loans directly from their imaging system to Fraudmit, scan the files and upload them or fax documents directly into Fraudmit's imaging system. All files, regardless of the method of submission, will be securely stored on the internet. This will allow clients to view loan documents including loan level audit reports and reverification information 24/7 for up to 3 years. Both features are being introduced at no additional cost to Fraudmit customers. "We are excited about these new features", said Ralph LoVuolo Jr. founder of Fraudmit, "eliminating the need to copy and ship files is a huge savings for our clients." Fraudmit is a nationwide provider of low-cost quality control services to the mortgage lending industry. For more information, visit www.fraudmit.com.