Appraisal is one of the most critical processes for Mortgage Lenders as an investor would not like to purchase a loan having issues with Appraisal. The process begins with the ordering of the Appraisal with an AMC, following up, receiving the Appraisal, reviewing it and completed with the signing off. It takes significant time and effort to go through these…
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…
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…