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• Rapid Reporting Announces Employmentchek, The Industry`s First Third-party Employment Verification Using Verbal Verification Of Employment (vvoe) Vvoe Boosts Reliability Of Employment Verifications, Traditionally One Of The Most Difficult And Challenging
Rapid Reporting, an award-winning innovator of income and identity verification products to the mortgage industry, has announced the upcoming release of EmploymentChek, the mortgage industry’s first third-party employment verification service offering verbal verification of employment (VVOE). VVOE picks up where automated employment verification services leave off by providing confirmations that come from live, person-to-person contact with the employer. With EmploymentChek, lenders and brokers can get definitive answers on a borrower’s employment in 24 hours or less, thereby protecting themselves in one of the most challenging aspects of fraud detection.
Rapid Reporting Verification Company,Ray Pella,Fort Worth Texas 10/14/2008
• Falling House Prices In August Add Pressure To An Already Volatile Economy Ias360 House Price Index Reports A National Decline Of 0.2% For August
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for August 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 0.2 % decline in house prices on a national level in August, and an 11.6% decline from August 2007 to August 2008.
Integrated Asset Services,Inc.,Broker Support,Denver Colorado 10/14/2008
• Mortgage Builder Sets 10-year Sales Record In August Despite Industry Downturn
Loan Origination Software leader sees lenders increasingly committed to efficiently replacing old, expensive processes
Mortgage Builder Software Inc,Keven Smith,Southfield Michigan 10/14/2008
• Mba Reports Multifamily Lending Hit $147.7 Billion In 2007; Leading Lenders Part Of Industry Consolidation
In 2007, 2,739 different multifamily lenders provided a total of more than $147.7 billion in financing for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). Lenders closed 48,577 individual loans, with an average loan size of $3 million. The average lender made 18 multifamily loans over the course of the year.
Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 10/14/2008
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,Matthew Raymond, 10/14/2008
• Mba Comments On Fdic's Simplification Of The Coverage Rules For Mortgage Servicing Accounts
John A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA) issued the following statement after the Federal Deposit Insurance Corporation (FDIC) announced an interim final rule clarifying that deposit accounts maintained by mortgage servicers in escrow for a borrower's principal and interest payments will be based on the borrower as the owner of the escrow account and not the investor.
Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 10/13/2008
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