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DS News July 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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94 at a continental scale," said Jon Lipinski, Co- Founder and President at Ecopia. "Ecopia.AI leverages proprietary artificial intelligence to extract and update highly-accurate building footprints from the most recent high-resolu- tion satellite imagery of the continental U.S., as provided by DigitalGlobe (a Maxar compa- ny). CoreLogic is then ingesting Ecopia.AI's building footprints and associating CoreLogic property attributes to each, resulting in a best- in-class property intelligence offering." "CoreLogic has long recognized the value of granular structure-level GIS data and has spent significant time and effort to ensure that we maintain the highest quality standards," said Matt Karli, Senior Leader, Product Man- agement, CoreLogic Insurance and Spatial Solutions. "Expanding our collaboration with Ecopia allows us to leverage the strengths of both organizations by combining high-quality footprint polygons with our existing structure attribute information. rough this increased coverage, we're now poised to provide even more value to our clients by continuing to increase the number, depth, and quality of structure details available." Fannie Recognizes Guild Mortgage Guild Mortgage has earned a Servicer Total Achievement and Rewards (STAR) Per- former recognition from Fannie Mae for 2018. Initiated in 2011, the STAR Program is a performance management and recognition program designed to define industry standards and leading practices. It seeks to understand and communicate best practices across the servicing community, provide a consistent methodology for measuring servicer perfor- mance, and identify and recognize Fannie Mae's highest-performing servicers. Guild Mortgage received recognition for General Servicing for the 2018 STAR Program year, earning the distinction for the second consecutive year. "At Guild, we strive to provide our custom- ers with personal relationships, open com- munication, and guidance long after the loan closes," said Mary Ann McGarry, President and CEO. "e growth of our servicing busi- ness at record rates is a testament to this com- mitment. Everyone at Guild can be proud that we have again been honored as one of Fannie Mae's top servicers." Guild set company records with $45.69 billion in servicing volume and 221,244 loans serviced in 2018, up 18.5% from $38.55 billion and 190,672 loans serviced in 2017. Guild's total loan volume reached a record $16.53 billion for the year, up 3.7% from $15.94 billion in 2017. at total eclipsed the company's previous record of $15.97 billion in total volume achieved in 2016. "Our relationship with Fannie Mae is critical to the work we do in that it allows us to help more people find the right loan and pur- chase the home they want," said Jim Madsen, EVP, loan administration at Guild. "When people have a loan with us, we make sure they have the support they need throughout the life of the loan, even as things change. We are grateful to be recognized by Fannie Mae for our work in this area." UTAH TRK Connection Enhances Audit Platform TRK Connection recently announced that it has added 4506-T Income Verification from Veri-Tax to its QC audit platform Insight Risk & Defect Management (RDM). According to TRK, the addition expands the range of in- tegrated income verification providers Insight users can select to complete the post-closing QC reverification process. "TRK's mission is to assist lenders by mak- ing the QC audit process easier, more intuitive and more efficient, thus enabling them to effectively manage and report on loan quality," TRK EVP of Strategy Jeremy Burcham said. "Our network of integrated reverification pro- viders plays a key role in our ability to deliver on that promise, which is why we are pleased to add Veri-Tax to our roster of top-tier income verification providers available within Insight RDM." Veri-Tax's 4506-T Income Verification ser- vice allows lenders to quickly validate income and uncover potential borrower misrepresen- tation. By auditing every order at multiple check-points, Veri-Tax reduces IRS rejections by 29 percent, and all tax transcripts include a customizable summary coversheet that highlights and calculates key income verifica- tion line items. e ability to order income verification from Veri-Tax directly through the Insight RDM platform, which also includes industry-first reverification eSign capabilities, enables lenders to create a paperless, stream- lined reverification process designed to support lenders' loan quality initiatives. "We are pleased to have supported the TRK Connection team from the very early stages of their platform development and integration of our industry-leading verifica- tion services. We look forward to continuing our long partnership and serving our mutual clients," said Nick Lim, CEO of Veri-Tax. DS News is the leading publication dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com. A LendingTree study noted that homeowners in Salt Lake City pay an average of $2,600 on real estate taxes, which is the lowest out of the nation's 50 largest metros. KNOW THIS

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