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» Hawaii rank: 4 90+ Day Delinquency Rate Foreclosure Rate September 2013 2.2% Unemployment Rate 5.4% 4.3% year ago 2.4% 6.4% 5.5% year-over-year change -10.0% -15.0% -21.8% Top County Hawaii CounTy 90+ Day Delinquency Rate Foreclosure Rate September 2013 2.7% 9.7% year ago 3.2% 11.4% year-over-year change -15.4% -15.1% Top Core-Based Statistical area Hilo, Hi 90+ Day Delinquency Rate Foreclosure Rate September 2013 2.7% 9.7% year ago 3.2% 11.4% year-over-year change -15.4% -15.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Indecomm's eRecording Service Available in More Than 500 Counties Indecomm Global Services is now offering eRecording to lenders and title agents in more than 500 counties nationwide. The company passed the 500-county mark with the recent addition of all Hawaiian counties to the Indecomm eRecording roster. The company already offers paper recording in all U.S. jurisdictions. "This milestone is important to our customers as they partner with us. Indecomm's eRecording expansion is guided by our customers," said Rajan Nair, president of the financial services division for Indecomm Global Services. "The very large eRecording user base generates economies of scale as well as broadens the institutional knowledge base of eRecording requirements." Nair continued. Indecomm Global Services offers consulting, outsourcing, learning, and technology solutions to clients across a number of business verticals, including the financial services industry. The company's mortgage document management solutions include both paper and eRecording services, image-based recording quality control, and walk-in recording services designed to reduce business risks and improve efficiencies. The company also offers title search, settlement, and post-closing technologies, as well as consulting and outsourcing solutions to support clients' origination, document management, servicing, default, title and settlement, and compliance needs. Additionally, its Indecomm-Mortgage U helps clients train staff, ensure compliance with current regulations, and anticipate the impact of new rules coming down the line. KNOW THIS Of the 4,617 permanent HAMP modifications granted to Hawaii homeowners, nearly a fourth—1,039— have since defaulted again, according to TARP's special inspector general. Idaho rank: 26 90+ Day Delinquency Rate Foreclosure Rate September 2013 1.6% Unemployment Rate 2.0% 6.8% year ago 1.9% 2.8% 6.8% year-over-year change -18.3% -28.8% 0.0% Top County LewIs CounTy 90+ Day Delinquency Rate Foreclosure Rate September 2013 1.1% 4.2% year ago 1.4% 2.9% year-over-year change -19.7% 42.7% Top Core-Based statistical Area 90+ Day Delinquency Rate BurLey, ID Foreclosure Rate September 2013 1.3% 3.8% year ago 2.0% 3.7% year-over-year change -37.6% 0.5% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the September 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. VISIT US ONLINE @ DSNEWS.COM IN THE NEWS DocuTech Integrates Veri-Tax Verification Solutions DocuTech Corp., a compliance and documentation technology company headquartered in Idaho, has partnered with Veri-Tax to automate the 4506-T IRS verification process in ConformX, DocuTech's flagship software. "Compliance burdens in the industry place a great emphasis on a lender's need for seamless partner integrations that can satisfy all requirements of the disclosure process," said Scott Stucky, COO of DocuTech. "DocuTech's partnership with Veri-Tax will automatically deliver tax transcripts to the customer in a designated secure folder, simplifying the disclosure process and guaranteeing compliance." The integrated service allows shared customers to satisfy IRS requirements by automating the verification process and allowing lenders to place and retrieve tax transcript orders within ConformX—where borrower information is already stored. DocuTech also says the integration will ease compliance efforts regarding the Consumer Financial Protection Bureau's (CFPB) Ability-toRepay regulation. "New compliance rules involving the IRS and CFPB present a significant challenge to lenders, which is why this integration with DocuTech makes so much sense," said Maria Kirgan, Veri-Tax's senior director of product management. "The combination of automated verifications and electronic documentation will greatly streamline the compliance process while improving loan quality and saving time for everyone—especially the consumer." DocuTech says the company expects to integrate additional Veri-Tax verification services in the future, including form SSA-89 processing and verifications of employment and accounts. KNOW THIS Through the first six months of 2013, 496 short sales and deeds-in-lieu were completed on GSE loans in Idaho, according to the Federal Housing Finance Agency's Foreclosure Prevention Report. 77