Skip to main content

GCC Servicing Systems Automates Discharge Notices with New Module

NationalMortgageProfessional.com
May 26, 2011

GCC Servicing Systems, a provider of mortgage servicing technology and solutions, has released its Discharge Automation Module, automating the production of required loan pay-off documentation that servicers must send to the county discharging a lien. The Discharge Automation Module works with GCC’s G/SERV loan servicing platform to produce the discharges for loans that have been paid off. The module allows servicers to enter specific recording information into the system that needs to be captured on the document. In addition to creating the documents, the module enables servicers to track the discharge date to ensure that the document is sent within the allotted time after loan payoff and meets county- and state-specific requirements. “Our goal at GCC is to automate as much of the servicing process as possible so that our clients do not have to worry about the nuances of compliance,” said Glenn Liebowitz, president of GCC Servicing Systems. “With the Discharge Automation Module, GCC takes the burden of correct timing and documentation out of the hands of our clients. This not only mitigates risks and saves time, but lets our clients spend more time with their borrowers.” GCC’s G/SERV is a comprehensive platform that automates all functions of loan servicing, including loan set-up, cash management, escrow and insurance administration, investor reporting and accounting, default management and federal and state reporting.
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021