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ยป VISIT US ONLINE @ DSNEWS.COM 93 strategically improve their processes," said Tim Nguyen, co-founder of LendingQB. "We share the same goals are our customers. We want to help them create better lending practices and better serve our nation's housing market." e strategic initiative includes a complete revamp of LendingQB's branding and website, and will also include a new logo to reflect the company's lean lending approach to building a best-of-breed technology. Visitors to the new website will be greeted with a streamlined layout to provide both prospects and customers regularly updated content. LendingQB partners with multiple best- of-breed partners to help lenders get the most of their solutions; lenders can build the LOS system that best suits their needs with the integrations built into the industry's leading third-party software providers. LendingQB aims to reduce loan origination costs for lend- ers while ensuring compliance; the company's goal is to help lenders build an efficient, effec- tive LOS solution in six months rather than several years. "Our team strives to provide the best service and counsel to lenders. We give them the ability to use the technology that brings the most value to their company," said Nguyen. "Our new website and public-facing brand materials will only support our focus on providing valuable information and innovation to lenders." NEVADA The Sun Sets on Nevada's Foreclosure Mediation Program e Foreclosure Mediation Program for Nevada is almost at an end, and with its close comes another sign of recovery for states hit hardest during the housing crisis. In 2009, RealtyTrac reported Nevada as the nation's highest state foreclosure rate for the third consecutive year, having more than 10 percent of housing units receiving at least one foreclosure filing. In response to this epidemic, the State of Nevada Foreclosure Mediation Program (FMP) was created to allow at-risk homeown- ers the ability to meet with a lender before a foreclosure action to discuss alternatives measures. "In the last seven years, the FMP has helped thousands of homeowners during the foreclosure crisis," said Robin Sweet, State Court Administrator. From its implementation to the last reported statistics in 2014, the program has completed 19,684 mediations. Only four years after its start in 2015, the Nevada Legislature repealed the FMP placing an end date to the program on June 30, 2017. At that time, even though Nevada was still cited as one of the top states with the foreclo- sure rates, it still was only sitting at 1.4 percent (only roughly 4 basis points from the national pre-crisis foreclosure rate). Now as the program reaches the end of the road, only one in every 897 housing units is associated with a foreclosure filing. e state's decision to eliminate foreclosure programs put in place to alleviate the crisis highlights the housing recovery that has been felt across the nation. As the end date for FMP draws near, the program will no longer accept recorded Notices of Default after November 30th and likewise will not accept any mediation enroll- ments after December 31st. UTAH MetaSource and ComplianceEase Form New Partnership MetaSource, a Salt Lake City-based pro- vider of mortgage quality control compliance advisory and workflow automation solutions, has announced a partnership with Silicon Valley-based ComplianceEase, a division of LogicEase Solutions Inc. and a provider of risk management services to the financial industry. e partnership with ComplianceEase will allow MetaSource to provide automated compliance testing for loans submitted to MetaSource for review, according to the an- nouncement. MetaSource provides indepen- dent third-party reviews of loans for lenders to provide feedback on salability issues or issues that could surface during an audit from regulators. is review process includes compliance checks during the pre-funding QC process, which provides significant risk mitigation benefits to lenders by addressing loan quality issues before funding. "e MetaSource-ComplianceEase part- nership is a natural fit, as we have had a long standing relationship with ComplianceEase and its ComplianceAnalyzer platform," said Mary Kladde, SVP of Mortgage Services at MetaSource. "Coupled with our team's expertise in loan production, this partnership will ensure that MetaSource is able to deliver accurate, actionable results to help lend- ers improve their overall loan quality when delivering loans for purchase and preparing for potential regulatory audits." ComplianceEase's flagship product, ComplianceAnalyzer, provides automated, loan-level auditing that covers all levels of regulation, including federal, state, municipal high-cost, anti-predatory laws, usury, con- sumer credit regulations, payment penalties, and more. "Lenders can't rely on the 'stare and compare' approach to test for compliance with TRID. Automation allows the auditing of all documents for delivery timing sequencing, fee names, tolerances, changed circumstances, and reasons for re-disclosures so they can review exceptions," said Dan Smith, SVP, Sales of ComplianceEase. "We're pleased to be selected by a third-party reviewer like MetaSource to deliver thorough loan auditing akin to what the secondary market investors and examiners will see so that lenders can originate confi- dently and efficiently." Utah Robyn Moody SALT LAKE REO Keller Williams Salt Lake City Real Estate Sales Agent/Owner Robyn@SaltLakeREO.com 801-566-8288 Office | 801-859-2539 Mobile www.SaltLakeREO.com In October, the number of properties that received a foreclosure filing in Utah was 1 in every 1111, according to RealtyTrac. KNOW THIS