Wolters Kluwer Helps ARMs
MINNEAPOLIS–Wolters Kluwer Financial Services is helping mortgage servicers modify subprime adjustable rate mortgages (ARMs) to make borrowers’ payments more affordable and avoid foreclosures through a standard, customizable set of documents and packages enabling servicers to freeze interest rates on existing ARMs for a specified period or modify those ARMs to fixed-rate or interest-only fixed-rate loans.
Wolters Kluwer said it can help servicers quickly implement loan modification programs that are compliant with current legislative or investor requirements and ensure rapid implementation of any new or updated requirements.
For info: www.wolterskluwerfs.com.
Informative Research Exceeds 20M
GARDEN GROVE, Calif.–Informative Research, a provider of credit and mortgage related information to loan originators, said it successfully completed more than 20 million Fannie Mae transactions.
The company surpassed the 20 million mark in December 2007 after processing more than 3.5 million transactions in the months between January and November 2007–with almost 250,000 coming directly from Fannie Mae.
For info: www.informativeresearch.com.
FNC Launches Collateral HQ
OXFORD, Miss.–FNC Inc. introduced Collateral Headquarters, a desktop tool designed for banks, credit unions and appraisal management companies, streamlines mortgage processing by automating appraisal ordering, assignment, tracking, and review from a single platform.
FNC Inc. said the system improves turn-times, cut costs, helps with regulatory compliance, and tracks the performance of your institution and service providers. Additionally, Collateral Headquarters’ interactive reports module lets users create reports that detail the productivity rates of employees and vendors, the quality and speed of everyone involved in the loan process, and the volumes of loans in production.
For info: www.fncinc.com.
CU Members Mortgage Adds CUs
FORT WORTH, Texas–CU Members Mortgage, a provider of comprehensive mortgage services to more than 750 credit unions, CUSOs and leagues nationwide announced the addition of several new credit unions to its service roster: St. Mark’s Employee FCU; Family First FCU; Covenant Savings FCU; Credit Union of Georgia; Beaumont Community CU; State Highway Patrol FCU; RTP FCU; Standard Register FCU; Seagoville FCU and BNSF CU.
For info: www.cumembers.com.
