DS News - Digital Archives

October, 2012

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

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offs, which leads to decision delays. Through the portal's workflow tools, HLP says cases are processed with real-time communication, regular status updates, and safe and secure electronic document storage. Bank of America uses HLP as its main platform when receiving and processing foreclosure alternative applications submitted by third parties such as nonprofit housing counselors and attorneys. "We applaud Bank of America's sponsoring of this enhancement," said Cam Melchiorre, president and CEO of HLP. "Their dedication and involvement ensured that we created a servicing portal which will become the model for the industry." Based in Washington, D.C., HLP is a many homeowners who are willing to work with servicers to keep their homes, and they just need the information and opportunity to do so," said Marcia Griffin, president of HomeFree-USA. "The system gives coun- selors a tool to effectively help more owners and servicers come to an amenable solution. During these challenging financial times, we all need technology that is efficient, and RxOffice provides that to all parties involved in the process." STAT INSIGHT neutral, nonprofit e-commerce platform that serves to bring efficiency, consistency, and transparency to the processing of foreclosure alternatives. HomeFree-USA Selects RxOffice to Manage Counseling announced last month that HomeFree- USA has selected the company's RxOffice Premium Counselor Edition as the case management system for HomeFree's counselors. The portal features a comprehensive Columbia, Maryland-based IndiSoft $304,487 Average sales price for a pre-foreclosure short sale in D.C. in the second quarter. Source: RealtyTrac Florida management system with multiple counsel- ing options. In addition, it provides detailed reports for the congressionally funded National Foreclosure Mitigation Counseling program, required HUD reporting, and a menu of management reports. "With millions of homeowners in the rank: 1 90+ Day 4.11% 4.28% -3.89% country delinquent on their mortgages, more of them are turning to HUD-approved counselors for assistance," said Sanjeev Dahiwadkar, president and CEO of IndiSoft. "As an increasing number of homeowners realize the benefits of working with trained, knowledgeable counselors to navigate their financial challenges, technology helps counselors provide the information consumers need to facilitate a quicker solution that meets the needs of the borrower and the servicer." HomeFree-USA, a non-profit public ben- efit organization specializing in homeowner- ship development, foreclosure intervention, and financial empowerment, adopted the RxOffice platform for its headquarters in Washington, D.C. "We are thrilled to be using the RxOffice Premium Counselor Edition. There are so 88 90+ Day 4.98% year ago 5.28% percent point change -5.70% -6.12% Top Core-Based Statistical Area Foreclosure MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL 90+ Day Delinquency Rate july 2012 4.31% year ago 4.66% percent point change -7.60% -5.67% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. MEMBER 17.48% 16.49% Adriana M Aleman, MBA Florida Dreams Realty Group aaleman@floridadreamsrealty.com Cell 321 689 6258 www.floridadreamsrealty.com Rate 20.76% Florida Delinquency Rate Foreclosure Rate july 2012 13.40% year ago 13.72% percent point change -2.30% Top County MIAMI-DADE COUNTY Delinquency Rate july 2012 19.49% Foreclosure Rate Unemployment Rate 8.8% 10.6% -17.0% Days allowed for completing foreclosure in Florida before compensatory fees are assessed by the GSEs. Source: Fannie Mae and Freddie Mac OVER $60 MILLION IN REO SALES ANNUALLY RESIDENTIAL & COMMERCIAL Marketing, Sales & Management Cash For Keys Utility Set-Up BPO's Evictions Same Day Occupancy Confirmation Experts In HOA Communications Loss Mitigation Property Preservations & More mcubelo-hinton@suncrestfl.com www.SunCrestFL.com 407. 876. 3615 Mary Cubelo-Hinton / Broker STAT INSIGHT

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