Free press releases distribution network?

More news: Outsourcing
Agency / Source: ISG Novasoft Technologies Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



ISGN Launches Loan QC Compliance Monitoring Product - ISGN, a provider of technology products and services that help lenders, servicers and secondary markets manage the mortgage industry’s transformation, has launched its Loan Quality Audit and Monitoring Service
ISGN Launches Loan QC Compliance Monitoring Product

 

PRZOOM - /newswire/ - Bensalem, PA, United States, 2010/09/14 - ISGN, a provider of technology products and services that help lenders, servicers and secondary markets manage the mortgage industry’s transformation, has launched its Loan Quality Audit and Monitoring Service.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Outsourcing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The service helps lenders prevent errors in mortgage loan files which could lead to costly buy-backs, delayed closings and much more.

According to Freddie Mac, it received $2.7 billion from lenders on repurchases during the first half of 2010, more than a 50 percent rise from the same period last year. As a result, lenders have increased their focus on quality control to avoid costly errors in the loan origination process. Errors can stem from misrepresentation of borrower income, employment and pay stubs; overstatement of appraisals; as well as errors and omissions.

“Constantly evolving regulatory and financial needs demand exclusive focus on compliance, frequent training and knowledge management,” said Niraj Patel, president of ISGN. “Loan buybacks can significantly impact a mortgage lender’s bottom line. Therefore it is crucial for lenders to frequently audit the quality of their loans, and reps and warranties so they don’t suffer any unanticipated financial hit.”

Government organizations such as FHA/VA and the government-sponsored enterprises (GSEs) have mandated several quality assurance methods including qualified staff, exclusive resources for QA, strict adherence to regulations and timelines, adequate scope and sampling, reporting, and corrective actions.

ISGN’s Loan Quality Audit and Monitoring Service is a comprehensive service that addresses ever-changing regulations and ensures compliance. It includes quality assurance plan review and creation, desk appraisal assessment, underwriting evaluation, compliance review, third party re-verifications, credit report reviews, field appraisal reviews, pre-funding quality control, and post-closing reviews. Red flag reviews are conducted on all loans to identify indicators of fraud or misrepresentations. Loans to be reviewed are selected using statistical, discretionary and targeted sampling.

“One of the advantages that we bring is our experience with underwriting and mortgage processing. Our quality assurance team has numerous years of experience and can incubate these processes quickly for clients,” said Patel.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Outsourcing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ISG Novasoft Technologies Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Outsourcing articles,
CATCH Visitors via Your Competitors Announcements!


ISGN Launches Loan QC Compliance Monitoring Product

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: ISGN.com 
800-462-5545 info[.]isgn.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ISG Novasoft Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

Outsourcing via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From ISG Novasoft Technologies Ltd / Company Profile


Read Outsourcing Most Recent Related Press Releases:

Frost & Sullivan Lauds Teleperformance for its Continuing Dominance in the Latin American Nearshoring Services Market
Smart Link and Six Clients Sweep Top Honours at Middle East Contact Centre Awards 2016
Outsourcing Company Mobilunity Launches Time Management Android App 'Time Task'
PGBS Increases its Multilingual Call Center Support with the Addition of Regional Languages
'Getting Digital Done' Neo Insights CxO Roundtable 2016 in Collaboration with Baker & McKenzie
Visionet Enhances Innovative Solution for PowerBuilder Modernization to J2EE
Frost & Sullivan Distinguishes Teleperformance Russia for its Innovative Solutions and Operational Excellence in the Customer Contact Outsourcing Mark
Apple Pay® Now Available to Cardholders of ALINE Card by ADP® for an Easy, Secure and Private Way to Make Payments
Frost & Sullivan Recognizes Alorica for Catapulting into a Leadership Position within the BPO Industry
Influential Singapore Media Outlet, HumanResources, Selects ADP Payroll Solution for Two of its Top HR Vendors of the Year Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today