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DSNews Sept 2015 - 'I Wouldn't Be Here Without...'

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

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116 IN THE NEWS NetDirector Launches Integration With Fannie Mae's Default Managing Reporting System Cloud-based data exchange provider Net- Director, headquartered in Tampa, Florida, has announced the launch of an integration with the Default Managing Reporting System (DMRS) of Fannie Mae, according to an an- nouncement from NetDirector. Current and prospective customers will be able to automate the reporting process with Fannie Mae by using the new addition to NetDirector's Default Servicing ecosystem. e first group of firms to go live with the new DRMS integration was the LOGS attorney network, with support from its technology solutions provider, assure360. According to NetDirector, 16 LOGS firms have connected with the rest of their firms to go live with the new NRMS integration in the near future. Assure 360 was instrumental in imple- menting NetDirector's DMRS integration for the LOGS network, as LOGS' technology provider. LOGS is one of the largest networks of attorney firms offering total default manage- ment, from insurance services to loss mitiga- tion to litigation and REO management. Assure 360 is a full-service technology soft- ware and outsourcing solutions provider for the default servicing industry with offerings that include cloud-based case management system ProMatters, dedicated IT outsourcing resources such as best-in-class Tier 3 data cen- ters, IT support and service, and information and security consulting. "We chose NetDirector because of their proven track record," said Meg Palmer, AVP of client services for assure360. "eir team is very knowledgeable and works with our cli- ents' specific needs and requirements. We ex- pect a significant reduction in our development effort and the firms' operational resources by automating the DMRS reports through Net- Director's cloud-based data exchange." With NetDirector's integration, reports are automatically converted from XML files to Pipe Delimited format (as required) before be- ing uploaded to the DMRS system, saving the firm valuable time. Previously, this conversion took a substantial amount of time for a large number of reports. In addition, firms can now automate the file transmission using informa- tion stored in the firm's case management system thanks to NetDirector's creation of all the look-up values within the transaction. "It is always rewarding to provide new automated solutions that make our customers more efficient," said Harry Beisswenger, CEO of NetDirector. "e assure360 team realized that automating DMRS reporting would save the LOGS' firms a significant amount of effort and resources due to the large number of reports they deal with on a daily basis. We re- ally appreciate all of the testing and validation efforts of the assure360 team in rolling out this new service." Georgia RANK: 36 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 2.28% 0.83% 6.1 YEAR AGO 2.85% 1.04% 7.3 YEAR-OVER-YEAR CHANGE -20.3% -20.1% -1.2 Top County BRANTLEY COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 3.30% 2.85% YEAR AGO 5.73% 1.53% YEAR-OVER-YEAR CHANGE -42.4% 86.6% Top Core-Based Statistical Area THOMASTON, GA 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 4.73% 2.62% YEAR AGO 5.23% 1.52% YEAR-OVER-YEAR CHANGE -9.6% 72.0% 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 June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Kentucky RANK: 26 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 1.73% 1.40% 5.1 YEAR AGO 2.27% 1.59% 6.5 YEAR-OVER-YEAR CHANGE -23.7% -11.8% -1.4 Top County PERRY COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 4.09% 7.84% YEAR AGO 5.22% 6.37% YEAR-OVER-YEAR CHANGE -21.6% 23.1% Top Core-Based Statistical Area LONDON, KY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 2.40% 3.10% YEAR AGO 2.86% 3.11% YEAR-OVER-YEAR CHANGE -15.9% -0.4% 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 June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Louisiana RANK: 24 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 3.07% 1.52% 6.4 YEAR AGO 3.43% 1.79% 6.2 YEAR-OVER-YEAR CHANGE -10.5% -15.0% 0.2 Top County ST. JOHN THE BAPTIST PARISH 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 7.05% 3.32% YEAR AGO 6.16% 3.70% YEAR-OVER-YEAR CHANGE 14.5% -10.5% Top Core-Based Statistical Area BASTROP, LA 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 7.99% 3.25% YEAR AGO 8.14% 2.81% YEAR-OVER-YEAR CHANGE -1.7% 15.4% 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 June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida's cash sales share for May 2015, which was the highest among states. Four of the five core-based statistical areas with the highest cash sales share were located in Florida. The CBSA with the highest cash sales share in May was West Palm Beach-Boca Raton-Delray Beach with 58.1 percent. Source: CoreLogic STAT INSIGHT 47.8%

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