Search for: "Lender Processing Systems" Results 1 - 20 of 1,487
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14 Apr 2023, 9:00 am
The foreclosure process takes time and resources that lenders prefer to direct elsewhere. [read post]
11 Apr 2017, 12:28 pm by Chris Wesner
In other words, a mortgage lender cannot simply “seize” the property without going through the court system. [read post]
17 Oct 2011, 5:22 am by Jonathan Alper
The assignment process involved an intermediary organization called Mortgage electronic Registration System, Inc. [read post]
15 Jun 2010, 2:09 am by rdollar@mortgagefraudblog.com
On July 8, 2010, the Florida Office of Financial Regulation (OFR) will stop accepting applications for mortgage broker, mortgage brokerage business, mortgage lender and correspondent mortgage lender licenses, so that current applications can be processed before October 1. [read post]
3 Jan 2012, 4:01 am by Bankruptcy Legal Group
But some of the more pressing criticism seems to be toward a broken system that rewards lenders for defaulted loans more than the ones that are paid off. [read post]
19 Jun 2017, 1:49 pm by Bill Purdy
Almost certainly this means your loan is not in the lender/servicer’s actual computer system. [read post]
27 Feb 2018, 10:06 am by Beth Graham
We conclude, as he did, that although some lenders may be “gaming the system” by taking actions like the lenders took there and as Cash Biz took here, more is required for waiver of a contractual right to arbitrate. [read post]
26 Jul 2017, 3:01 am by Walter Olson
Concussion Settlement, Feeding Frenzy of Lawyers and Lenders” is a post from Overlawyered - Chronicling the high cost of our legal system [read post]
13 Oct 2020, 6:50 am by Jeremy T. Rosenblum and Mindy Harris
  While the Bank supports the OCC’s proposed criteria, it urges the OCC to develop a system that effectively weeds out predatory and abusive lending practices and proffers recommendations for criteria that should be added either in the rule or through supervisory standards. [read post]
26 Jun 2009, 6:00 am
Not only has this aspect of the system allowed mortgage lenders to process loans more quickly, but it has also allowed them to do so without the additional cost of title insurance. [read post]
5 Apr 2014, 1:41 pm by Hedge Fund Lawyer
It should be noted that the licensing process for residential mortgage providers (mortgage lenders and brokers) is a separate application, filed through the Nationwide Mortgage Licensing System. [read post]
14 Aug 2009, 2:05 am
" Put another way, the MERS system, by which mortgage lenders can buy and sell debt repeatedly but have a single designee, such as MERS, be responsible for the foreclosure process (without having to record each and every transfer as part of the state's real property county recording systems). [read post]
30 Sep 2011, 6:13 am
A judicial foreclosure is a foreclosure processed through the court system, which begins when the lender files a complaint and records a Lis Pendens in the county's public record. [read post]