New TMC Preferred Partner – PHH Mortgage – is helping TMC members significantly reduce servicing expenses. With origination costs up and expenses at an all-time high, PHH is taking the guesswork out of understanding your true servicing costs – whether servicing in-house or with a subservicer.
As a value-added service of The Mortgage Collaborative, TMC Lender Members are eligible for a Free Servicing Cost Analysis. By answering 4-5 questions about your portfolio, PHH can provide a detailed analysis to determine if you’re leaving money on the table with your current subservicer or should consider shifting from servicing in-house. Here are some of the results:
PHH has among the strongest customer service levels in the U.S., maintaining a 95% Customer Satisfaction rating across more than 700,000 homeowners every month. They work hand-in-hand with TMC members for an easy, smooth transition – onboarding new clients’ portfolios in 90 days or less!
To take advantage of this TMC member benefit from PHH Mortgage, contact:
Great Place to Work® has announced their annual list of The Best Workplaces in Diversity, collecting feedback from 442,624 employees on more than 50 survey questions anonymously rating their employers. This years list of companies offers the very best workplace experiences according to the diverse employees who work there. Congratulations to these four members of The Mortgage Collaborative for making this year's list!
Check out the full list of The Best Workplaces in Diversity here: https://www.greatplacetowork.com/best-workplaces/diversity/2017
As rumblings of lower volume continue to persist, forecasts point to compressed new revenue/profits for 2018. Conversations around how to do more with less are starting to increase as year end projections start to firm up. In times like this, lenders need to look internally and assess how to capitalize on systems already at their fingertips that are not maximizing functionality. If you are on the Encompass system, and feeling like you are not getting the most out of it, this is a perfect example of a system that can be utilized to do more with less.
Matchbox & Ignite have a number of toolkits and packages that have been developed to help lenders better utilize the system. As an example, Matchbox has developed a HMDA 2018 toolkit for Encompass clients that can, and will, reduce HMDA preparation turn times, reduce data integrity exposure, and inevitably increase yield heading into 2018. As you start looking to the 2018 budget, you need options for how to do more with less. Matchbox & Ignite have those options for you!
By the way, check out Matchbox's new website and let them know what you think!
Ignite Tools - What is in your toolbox?
Capital One has a slogan, "What's in your wallet?" and Ignite is starting a new campaign, "What's in your toolbox?" Over the past few years, they have built a number of Encompass based tools that have been created with one thought in mind- How do they make the user experience better or easier. Each tool is developed with that premise and any tool they offer is built to dramatically reduce cost, improve efficiency, and/or reduce exposure. All of Ignite's tools are customizable and able to be updated to meet your business model requirements. With volumes dropping and industry contraction/acquisitions ahead, lenders are looking to do more with less effort. Our tools do exactly that. Whether it is updating a series of loans with a click of a button, seeing who did what on a file within seconds, seeing what task(s) are open on a file without opening a loan, or referencing a custom data set without jumping to different forms, Ignite's tools make a difference in your user experience. Not only do these tools present a cleaner, more efficient user experience, but they know that every lender is looking for an edge in hiring talent and bring on branches / top producers. It's time to give them something unique in 2018. Below are links to flyers to review a sample of Ignite's tools.
Ignite Data Import Tool - Update loans in bulk/batch via csv or txt with custom templates while maintaining business rules, triggers & error log functionality.
Ignite Audit Explorer- A real end-to-end loan history log- with or without leveraging the RDB or audit-able fields
Ignite Task Tracker - Customized task list accessible from the pipeline view i.e. see what items are outstanding without entering a file!
Ignite Loan Information Panel - A customized Encompass header panel - customized by persona to show users all critical fields in clean format.
Last by not least, in an effort to have a tool under everyone's Encompass tree this year, Ignite is offering multiple package discounts for December. Getting an Ignite Tool may be a much better grab bag gift for someone this year as it is the gift that keeps on giving!
Congratulations to the following eight members of The Mortgage Collaborative for being recognized as 2017 Vanguard Award Winners by HousingWire!
Click here to view the complete list of HousingWire's Vanguard award winners!
Ignite Integration Solutions has a special offer for the month of December to arm TMC Lender Members with all the Encompass based tools needed to succeed in the new year!
Click on the links below to learn more about these tools!
Click on the links below to learn more about these tools!
Doc Viewer Tool (DV)
Task Status Tracker Tool (TST)
To learn more about who Ignite & Matchbox are and all that they offer, view their websites:
Ignite Integration Solutions: www.igniteintegrationsolutions.com or Matchbox: www.matchboxllc.com
I heard that the CFPB issued the final 2017 TILA –RESPA Rule which clarified and amended certain mortgage disclosure provisions under TRID. What is the effective date of the amendments?
The 2017 TILA-RESPA Rule was effective on October 10, 2017; however compliance was not mandatory on the effective date. Compliance with the 2017 TILA-RESPA Rule is mandatory for transactions for which a creditor or mortgage broker receives an application on or after October 1, 2018. It should be noted though that requirements for some post-consummation disclosures (Partial Payment Disclosure and Escrow Closing Notice) apply starting October 1, 2018 without regard to the application date.
Notwithstanding the October 1, 2018 mandatory compliance date, the 2017 TILA-RESPA Rule allows for optional compliance any time after October 10, 2017. During the optional compliance period, the provisions of the 2017 TILA-RESPA Rule can be implemented all at once or phased in over time. Given that many aspects of the 2017 TILA-RESPA Rule are favorable to creditors and mortgage brokers, it may be beneficial to phase in some of the amendments into the lending process prior to others.
Want more information from the team that's 'Bridging the Gap Between Risk and Compliance'?
Contact Britt Haven - 818.940.1200 ext. 421 or Alan Ridenour - 818.940.1210.
TMC Preferred Partner, Strategic Compliance Partners has a special end of year offering exclusive to TMC members for their ShareDiligence Vendor Management platform!
ShareDiligence Vendor Management
Special Offer For You:
Enroll in ShareDilignce before January 1, 2018
Receive and additional 5% off of already discounted TMC Member pricing
Contact Leslie Benjamin at 646-418-6635 for a demo
Internal Audit is a function within an organization that independently evaluates the risks to the organization and the control environment that is in place. Typically, Internal Audit reports directly to the Board of Directors or Senior Management and is separate from all other departments to ensure that the evaluation remains independent.
Internal Audit is required if you, as a TMC Members, are approved or seeking approval from any of the GSEs, and it is also becoming a requirement for some states. A common deficiency in a Fannie Mae or Freddie Mac review is an inadequate or nonexistent internal audit program.
TMC Members approved or seeking to become approved with the GSEs must have, at a minimum, the following three items:
It appears I am required to have Internal Audit, can MQMR help me?
Of course! MQMR’s program has been developed over the previous 4+ years to ensure GSE requirements are met in addition to following the Institution of Internal Auditor (IIA) standards. MQMR has been able to leverage the findings from our clients' MORA and Freddie CORE reviews and conversations with the GSEs to adjust our program to meet Fannie/Freddie's non-published requirements.
MQMR is also offering a substantial Year End Risk Assessment Discount to all TMC Members who sign up for MQMR’s Internal Audit platform before December 31st! Reach out to Jen Peachman, Director of Member Engagement at TMC firstname.lastname@example.org or (440) 342-7817 or MQMR today to find out more about the amazing discount and how MQMR’s suite of services can benefit you in 2018 and beyond!
For additional information regarding MQMR’s services, please contact:
Register today to start realizing the potential savings available through the TMCSavingCenter on plenty of items you already purchase for your business or office.
The best part...IT'S FREE!
The Joint Center for Housing Studies at Harvard University projected that as many as 13 million new U.S. households formed from 2010 to 2025 will be comprised of diverse segment families. AHA is proud of its strategic alliances with the following organizations representing these homeowners.
The Hispanic Homeowner Alliance (HHA)
The Hispanic Homeowner Alliance is pleased to partner with the Hispanic Wealth Project to provide free first year membership in the HHA. The Hispanic Wealth Project is a non-profit 501(c)(3) organization whose mission is to financially and educationally empower the Hispanic community in America. The Hispanic Wealth Project is built on the premise that all Americans benefit by the economic well-being of our Latino community. Its State of Hispanic Homeownership Report analyzes and evaluates population trends, educational achievements, income profiles and consumer attitudes as they relate to Hispanic homeownership. In 2015, it released a Hispanic Wealth Project Blueprint. The Blueprint, whose creation was chaired by the Honorable Henry Cisneros, outlines a business plan to triple Hispanic household wealth in the next ten years. Join the Hispanic Homeowners Alliance to help the Hispanic Wealth Project to advance the economic position of the Hispanic community in America.
To kick the Hispanic Homeowner Alliance and its partnership with the Hispanic Wealth Project, AHA Chairman & TMC Board Member, Phil Bracken with AHA Board Member, TMC Founding Partner and President of the National Association of Hispanic Real Estate Professionals, Gary Acosta wielded the gavel at the closing bell of the New York Stock Exchange on November 6, 2017.
The Black Homeowner Alliance (BHA)
The Black Homeowner Alliance is pleased to partner with the National Association of Real Estate Brokers (NAREB) to provide a first year free membership in the BHA. The National Association of Real Estate Brokers (NAREB) was founded in 1947, making it the oldest minority association in America. It was formed out of a need to secure the right to equal housing opportunities regardless of race, creed or color. Its national goal is to bring together the nation's minority professionals in the real estate industry to promote the meaningful exchange of ideas about our business and how best to serve our clientele. It strives to create an environment where creativity flourishes in both the workplace and the marketplace.
AHA, HHA and BHA offer TMC Members, Partners, Employees, Customers, Clients, former Clients, and Referral Partners benefits including:
Interested in joining America’s Homeowner Alliance? To register for membership: Click Here!
Use this Promotional Code specifically for TMC Members & Partner Companies: tmc2017
For more information on AHA, HHA or BHA, contact:
TMC - Chief Operating Officer
President/CEO - Pulte Financial Services