Search for: "Lender Processing Systems" Results 21 - 40 of 1,488
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19 Dec 2008, 1:03 am
According to the opinion and article, Countrywide went so far as to create an "Exception Processing System" to address loan applications that did not meet the standard for prime loans. [read post]
2 Mar 2018, 3:27 am by Simon Lovegrove and Matthew Gregory
The FCA has published a Dear CEO letter asking the CEOs of firms that enter into regulated second charge mortgage contracts to review their firm’s mortgage lending processes and confirm to the regulator, by 1 May 2018, that the firm is lending responsibly and that its processes, systems and controls ensure this. [read post]
24 Jun 2011, 8:39 am by Donald Pinto
  However, in Novastar it was the lender – rather than MERS – that conducted the foreclosure, following which the lender filed a summary process (eviction) action against the mortgagor to gain possession of the property. [read post]
6 Apr 2020, 3:59 am
Lenders And Banks Originated Invalid Documents At the height of the boom, many lenders were doing so much business, so quickly, that what resulted were work process failures that caused invalid loan documents to be originated and issued to consumers and other lenders. [read post]
14 Mar 2024, 7:00 am by Richard West
The process typically begins with a series of missed payments, followed by a notice of default from the lender. [read post]
19 Jul 2017, 11:28 am by Daniel C. Fanaselle
  The court rejected the agencies’ argument that plaintiffs could not show a due process violation where they “continue to access the banking system and remain quite profitable. [read post]
15 Apr 2020, 6:00 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]
25 Jun 2013, 1:31 pm
Even if lenders aren't enthusiastic about the new technology, they won't have a choice about using the system. [read post]
23 May 2014, 4:00 am by Alan S. Kaplinsky
”  In the report, the CFPB discussed the relevant fair lending elements of a “strong” compliance management system (CMS) and commented that its recommendations “will assist lenders in mitigating fair lending risk when making exceptions to credit standards while also furthering the purposes of Regulation B in promoting the availability of credit. [read post]
7 Aug 2013, 10:48 am by Allison Tussey
Now 58 state agencies and six federal agencies use the system to accept and process license applications and registrations. [read post]
16 Nov 2020, 3:16 pm by Ray Garcia
What does the process look like in a system that is still impacted by the pandemic? [read post]
23 Sep 2011, 6:15 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]
8 Jun 2020, 12:36 pm by Robert M. Travisano
Lenders Add Criteria A number of lenders added additional eligibility criteria typical of other commercial loans that they process. [read post]
17 Feb 2017, 8:22 am by Stefanie Jackman and Scott M. Pearson
  The report, which the RFI cites, concluded that the current credit reporting system is precluding certain populations from accessing credit and taking advantage of other economic opportunities. [read post]
8 Nov 2020, 7:57 am by Cari Rincker
The purpose behind these changes for loan review is to create a system for quickly processing the loans. [read post]
14 Nov 2011, 5:48 am by Texas RioGrande Legal Aid
The Mortgage Electronic Registration System was created in the 1990s by 3,000 of the nation’s largest lenders to “streamline the mortgage sale process by using e-commerce to replace paperwork,” according to the company’s website. [read post]
30 Sep 2010, 6:42 am
Instead, the process of pulling two credit reports was resulting in too many consumers being denied loans. [read post]
19 Nov 2010, 10:42 am by Bruce Carton
Consumerist adds that if the lender can't quickly produce the note, homeowners may be able to buy some more time in the process. [read post]
17 Jun 2011, 12:02 pm
A recent article in the Columbia Law Review calls for a revamping of the land title system in America after seeing the many errors in the mortgage foreclosure process. [read post]
19 Dec 2011, 11:35 am
In what is shaping up to be a series of cases, Nevada Attorney General Catherine Masto has filed a civil fraud lawsuit against Lender Processing Services. [read post]