Skip to main content

HUD issues guidance on Fair Housing Act and sexual harrasment

National Mortgage Professional
Nov 23, 2008

Ellie Mae and Online Documents enter the servicing market with loan modification solutionMortgagePress.comEllie Mae, Online Documents, mortgage servicing, loan modifications, Ellie Mae, a provider of loan processing software for mortgage brokers, bankers and other third party originators, and its newly acquired subsidiary Online Documents, a provider of flexible, compliant electronic mortgage documents and related services to the mortgage industry, are answering the industry's need for efficient loan modification with a collaborative, end-to-end solution that enables lenders to create and update loan modification closing packages on a real-time basis, while also meeting investor requirements with flexibility, complete accuracy and secure online delivery. Ellie Mae's loan modification solution is the result of a collaborative effort between Online Documents and Ellie Mae's highly experienced loss mitigation partners, who are working together to provide the industry with a comprehensive solution that is now being used by several top 10 loan servicers to process over 5,000 of their loan modifications per week. This comprehensive solution offers a best practices approach that assesses the needs of the lenders workflow, accommodates lender-specific workout plans, and handles all recording and notary requirements, as well as package content and compliance monitoring and consistency. With this new solution, creating a loan modification package is simple and streamlined, with web-based data entry that requires no re-keying of data. Users can choose from a library of standard yet customizable loan modification agreements, and all documents are compliant with Fannie Mae, Freddie Mac and MERS requirements. Users have the choice of offering borrowers electronic signing or secured "wet signing," which is a live signature on an actual document, with comprehensive recordation services. The system can be deployed in days, rather than weeks, and offers the convenience and benefit of real-time loan level reports, secure electronic delivery and complete visibility into the business volume for the client company. "Earlier this year, top loan servicers performed due diligence to determine the best-in-breed resources to handle their emerging loss mitigation demands," said Jonathan Corr, chief strategy officer at Ellie Mae. "These servicers knew that they couldn't afford to take any chances with their loan modification packages, and chose Ellie Mae/Online Documents and its experienced partners to handle the massive assignment. This market is bringing about an unprecedented number of regulatory changes, and lenders and servicers are turning to the industry experts to ensure that they meet those changes with compliance, efficiency and flexibility. With this new loan modification solution, Ellie Mae/Online Documents is helping overburdened lenders and servicers meet challenging market conditions with the confidence that comes from accuracy, compliance and flexibility, conveniently packaged and provided by trusted leaders in the mortgage industry." For more information, visit www.EllieMae.com.
Published
Nov 23, 2008
Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
Jan 13, 2022
Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
Jan 13, 2022
Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

Industry News
Jan 12, 2022
First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
Jan 12, 2022
Steven J. Sless Group Of PRMI Appoints New Retail Production Manager

The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Reverse
Jan 12, 2022
loanDepot Wholesale Upgrades mello Broker Portal

loanDepot Wholesale will introduce new upgrades to its mello®Broker Portal to further streamline the closing process for brokers and settlement agents.

Tech
Jan 12, 2022