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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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82 FSBO Forms and construction forms such as: » Notice of Commencement » Notice of Furnishing » Sworn Statement » Conditional and Unconditional Waivers e library also features easily download- able documents and forms related to mortgage, escrow, land contracts, power of attorney, purchase agreements, and more. New customers can get free instant title quotes through the website's mobile and desk- top app, while its client portal helps existing customers retrieve and manage all their title documents. e website also gives detailed descriptions of the services offered by Best Homes Title, which include: » Owner & lender title insurance » For sale by owner, new purchase, refinance, construction, cash transactions » Commercial closings » Escrow agent » Title & abstract searches » Foreclosure guarantees Best Homes Title Agency sees itself as a curator of what has made business great through American history while forging a strong footing in this ever-changing techno- logical landscape. With a goal to bring value to customers through creative and cost-effective solutions. With 11 offices across Michigan, Best Homes Title is licensed to operate in 13 states and provides referrals across the country. Best Homes Title is a member of various title associations which include, American Land Title Association, Michigan Land Title As- sociation, and Michigan Mortgage Lenders Association. Its sister company, Schneiderman & Sherman is a member of the Legal League 100. MINNESOTA A New Portfolio Management Solution Wolters Kluwer Lien Solutions has introduced Portfolio Sync, a lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings. As an addition to iLien, Lien Solutions' flagship lien management product, Portfolio Sync combines customers' existing iLien filings with public records data into one view, providing greater visibility into an entire lending portfolio—and identifies as- sociated gaps that may require risk mitigation or other actions to maintain a lender's secured interests. "Many lenders use multiple methods to submit UCC filings, including law firms, title companies, secretary of state offices, or third-party providers," noted Nasser Ansari, Director, Product Management, Lien Solu- tions. "But this fragmented approach makes it harder to maintain an accurate, holistic view of your filings and to analyze your overall lien portfolio health, much less take corrective actions if needed. Portfolio Sync mitigates the risks posed by gaps in lenders' filing portfolios, providing a single, web-based access point to manage all of one's filings, regardless of how or with whom they were filed." Portfolio Sync provides visibility of all filings in one place, making it easier to take any necessary actions and reducing risk to a lending portfolio. is unique and innovative capability is a brand new addition to iLien. Wolters Kluwer's Lien Solutions processes one in every three U.S. UCC financing state- ments filed at the state level. Its flagship iLien solution is a web-based tool that gives lenders the ability to conduct public record searches, retrieve and view actual UCC and corporate records, create filings, and keep track of their entire portfolio. e iLien offering includes full analytics, reporting, monitoring, and auto- continuation capabilities, improving lenders' ability to holistically view lien portfolios in a way that helps mitigate risk and improves the quality and efficiency of a lender's operations. MICHIGAN Home Point Financial Expands Wholesale Business Home Point Financial Corporation, a Michigan-based national mortgage originator and servicer, has announced the acquisition of the wholesale division of Platinum Mortgage Inc. is includes both Platinum's sales team and its Madison, Alabama-based operations group. "Platinum has built a strong wholesale lending footprint focused on the customer experience. We are excited about the opportu- nity to integrate the Platinum team into Home Point's rapidly growing wholesale business," said Willie Newman, President and CEO, Home Point Financial. "Having been in business for over 20 years, I've always been committed to my broker clients. I decided to partner with Home Point because they share the same level of commit- ment," said Terry Clark, CEO of Platinum Mortgage. e Colorado-based STRATMOR Group served as exclusive advisor to Platinum on the transaction. Home Point Financial is a national multi- channel mortgage originator and servicer. It is focused on lending, speed, quality, and consistency for customers and partners. Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding com- pany founded in 2014 and owned by members of management and by investment funds man- aged by Stone Point Capital LLC. Best Homes Title Rolls Out New Website Michigan-based Best Homes Title Agency LLC has rolled out its new and improved web- site. e site which is available at the same ad- dress (BestHomesTitle.com) features separate sections for commercial and residential clients. rough the website, the company has enhanced its digital offerings which include providing clients with a 24/7 online access that allows them to place orders at any time, get up-to-the-minute file status, view and print closing and title documents, and easily share files. It also includes eClosing services and fraud prevention. e residential section also features a full document library, that provides free down- loadable and editable forms. ey include ZIP codes in Columbus, Ohio, have homes that are affordable for a median-income earner of $64,800. Homes in these ZIP Codes have an average median price of $192,000. Source: Trulia report: "All-In or Off-Limits: Where to Find the Nation's Most and Least Affordable Neighborhoods" STAT INSIGHT 19.1%

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