Scotsman Guide - August 2010 Residential Edition

18

18;|;LEAD;ARTICLE:;Better;Living;Through;Compliance

Technology solutions fill many roles in today’s mortgage market. They can identify possible problem loans and help brokers build their business as the industry changes. In the case of Fannie Mae’s Loan Quality Initiative, introduced earlier this year, technology can help do all this and more.

By;Greg;Holmes,;Credit Plus Inc.

Departments
Articles

34;|;Prepare;for;E-Signatures Software solutions can ready brokers for HUD changes regarding ink-free documents By;Adam;Calvery, a la mode inc.

36;|;Avoid;Analysis;Paralysis Thorough investigation into banking options should help you act with confidence

By;Lindsay;S.;Bridges, Mortgage Banking Solutions

36;|;Uniform;Standards;May
Ease;FHA;Shift

As broker-approval tasks transition to lenders, consistency concerns mount By;Greg;Schroeder,

Comergence Compliance Monitoring

12;|;From;the;Editor

It’s time to meet clients’ tech-based expectations. Plus: In the Past Month

14;|;Q&A:;MISMO

Governance chairman Harry Gardner discusses MISMO’s role and e-mortgages. Plus: Valuation Insight

16;|;Spotlight:;Georgia Why some legislators say the Peach State’s foreclosure rules have done enough damage

23;|;Which;Hub;Is;Right;for;You? Enterprise-content-management systems feature many options to consider

By;Will;Thibodeau, Treeno Software

26;|;Promote;Compliance;with
Technology

As rules change, automated systems can keep mortgage operations in line By;B.J.;Bounds,

Calyx Soft ware

40;|;A;Problem;of;Values Eradicating mortgage fraud depends in part on promoting top-notch appraisers By;Leslie;P.;Sellers,

Appraisal Institute

44;|;How;New;Rules;Can;Lead;to;a
New;You

Brokers must maintain vigilance as industry regulatory changes continue By;Amy;Avitable,

FIS Regulatory Advisory Services

CLARIFICATION As of press time, Fannie Mae and Freddie Mac will pay servicers $2,200 for administrative costs related to short sales through the Home Affordable Foreclosure Alternatives (HAFA) program. For non-Fannie and -Freddie short sales completed through HAFA, the U.S. Treasury Department’s servicer payout for these costs is $1,500. This clarifies information on Page 24 of July’s residential edition of Scotsman Guide.