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ยป VISIT US ONLINE @ DSNEWS.COM 79 IN THE NEWS RRMS Working to Revive Private Loan Securitization Market New York-based mortgage financial consulting company RRMS Advisors an- nounced that it has begun working with clients interested in getting involved in the private loan securitization (PLS) market. RRMS has collaborated with key players in the mortgage industry to develop met- rics and key performance indicators (KPIs) to monitor performance and establish full transparency across all areas of the indus- try from mortgage originators to issuers to trustees to loan servicers. RRMS has created SROs (self-regulatory organizations) that act as independent "traffic cops" and are capable of performing independent and ongoing self-audits, which help companies adopt best practices and promote standardization. According to the company, the key to reviving the PLS market is building trust through a third-party surveillance monitor that is objective and non-aligned and focuses on active performance metrics. e RRMS audit function has assisted several mortgage finance organizations in building a culture that fosters investor confidence by using a complete oversight and self-regulatory audit function. Since it was founded in 2008 as a direct response to the U.S. housing crisis, RRMS has provided advisory, consulting, and regu- latory compliance/audit support services to a diverse set of mortgage professionals nation- wide. e company was created as an affiliate of the Response Companies, which has been a mortgage finance consulting leader for more than 28 years. Ernst Publishing Updates Patented Technology to Meet CFPB Standards New York-based real estate technology provider Ernst Publishing Company has updated the tax reporting capabilities of its patented closing cost and fee search engine technology to be compliant with the Con- sumer Financial Protection Bureau's (CFPB) new consumer disclosure rules, which will go into effect in 2015. "Ernst is now providing annual property tax amounts and assessment dates for nearly 99 percent of the properties in the U.S.," said Chris Dufault, head of product development for Ernst Publishing. "is will be one of the most difficult new disclosure require- ments for lenders. ere are so many taxing jurisdictions that it requires very sophisticated technology to keep track of them. Failure to do so will be a compliance violation next year. at's why we got our technology ready early." e new functionality is available now. e data, which is powered by CoreLogic, will include partial taxes paid to date, pay- ment due date, property statistics, and more. Headquartered in Albany, New York, Ernst has been the nation's leading technol- ogy and closing cost data provider for the real estate and home finance industries for 25 years, supporting nearly every facet of the lending process for clients across the industry. In 2012, Ernst's search engine technology was patented, and in 2014, the company reached a milestone by processing its one billionth transaction. Earlier this year, Ernst received the Mortgage Banking Tech Award. New York RANK: 2 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 2.71% 4.46% 6.2 YEAR AGO 2.89% 5.58% 7.5 YEAR-OVER-YEAR CHANGE -6.2% -20.0% -1.3 Top County SULLIVAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 3.78% 9.38% YEAR AGO 4.76% 10.82% YEAR-OVER-YEAR CHANGE -20.7% -13.3% Top Core-Based Statistical Area AMSTERDAM, NY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 4.95% 8.23% YEAR AGO 4.68% 9.19% YEAR-OVER-YEAR CHANGE 5.7% -10.5% 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 2014 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2014 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The missing piece for your Real Estate Needs! Kamla Jaikaran (Kay) Carrington Real Estate Services (US), LLC Kamla Jaikaran (Kay) 1010 Northern Blvd, Suite 208 Great Neck, NY 11021 Phone: 718-986-6517 Efax: 718-732-2711 Email: kdjaikaran@gmail.com www.carringtonres.com BPO/CMA orders: Please email: bpoprony@gmail.com New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com New York Todd Yovino Broker/Owner Island Advantage Realty, LLC Metropolitan New York and Long Island's Default Specialist for Over 26 Years Todd@iarny.com | 631-820-3400 www.islandadvantage.com