Mortgage Electronic Registration System (MERS) is a national database offering free public access to information about the servicer for registered mortgages. Real Estate finance industry (Residential and Commercial mortgage loan trading) uses this simplified process to track the ownership and servicing rights. It has been accepted and approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA & VA and all…
July 2012
Global outsourcing and offshoring of business processes have been adopted within most large organizations today. Organizations have typically outsourced their services to low cost countries while offering quality services and expertise at a competitive price. Understandably, the global outsourcing industry is centered on low cost locations in Asia and Eastern Europe, and the industry’s significant expansion in the past decade…
A decline in interest rates often tempts homeowners to refinance their mortgages and benefit from the savings generated. Even if the lower interest rate is because of a short-term fluctuation or other market-driven factors, homeowners try to refinance and take advantage of the potential cash savings that can be generated. From a homeowner’s perspective, the savings generated can be utilized…