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49 » VISIT US ONLINE @ DSNEWS.COM Aspen iProperty® Aspen iProperty® is a robust, secure, customizable, enterprise-wide property management solution for the fi nancial services industry. It is widely used by banks, servicers, investors, vendors, and others that inspect, preserve, manage, and sell properties; analyze inventory; manage vendors and compliance; and train internal and external personnel. It creates an independent property management system for each stakeholder, connects networks at all levels of the supply chain, and optimizes the assignment of work and service delivery, through established process workfl ows. It meets the demands of an increasingly regulated environment while managing specifi c processes including, but not limited to: routine inspections, preservation and maintenance, FHA conveyance, compliance, capital repairs, REO, short sale, and hazard claims. Aspen Grove Solutions | 706 W. Patrick St., Frederick, MD 21701 | O ce: 240.345.3430 | Email: sales@aspengrovesolutions.com | www.aspengrovesolutions.com 1. Borrower Default 45+ Days Delinquent 2. Collection/Loss Mitigation E orts 3. Inspection/Prop Pres/Repairs 4. Bankruptcy Filing/Relief of Stay 5. Foreclosure Sale 6. REO 1. Mortgage Origination 2. Loan Set-Up, Payments, Escrow, Tax 3. Payo 1. Mortgage Origination 2. Loan Set-Up, Payments, Escrow, Ta 3. Pa 1. Borrower Default 45+ Days Delinquent 2. Collection/Loss Mi orts 3. Inspection/Prop Pres/Repairs 4. Bankruptcy Filing/Relief of Stay 5. Foreclosure Sale SERVICER PERFORMING LOAN Servicer's System of Record NON-PERFORMING LOAN Aspen iProperty® INTEGRATION THROUGH API SERVICER DS News is the only publication in the country solely dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com. ROADBLOCKS AHEAD FOR CREDIT UNION LEGISLATION e National Association of Federally- Insured Credit Unions (NAFCU), with the support of Reps. Bill Posey (R-Florida) and Denny Heck (D-Washington) reintroduced a bill that would require the National Credit Union Association (NCUA) to initiate a study on capital requirements for credit unions before finalizing the final risk-based capital (RCB) rule that is scheduled to go into effect January 1, 2019. Regulatory burdens and costs associated with the NCUA ruling are one of the primary concerns of the RCB rule, according to the NACU. "NAFCU thanks Reps. Posey and Heck for reintroducing this important legislation that would help ensure that the NCUA, credit unions, Congress, and others fully understand and comprehend the impacts this rulemaking will have on the industry," said Brad aler, NAFCU's Vice President of Legislative Affairs. "Requiring further study of this rule will only benefit the credit union industry and ensure a fair and appropriate risk-based capital system is put into place." e Risk Based Capital Study Act— officially designated H.R. 3736, would require the study to examine the following criteria: the agencies authority to issue a two-tier proposal, the ways in which RBC compares to banking requirements, the impact on credit unions capital cushions, and an explanation on the ways risks are weighted by the agency. If passed, the bill would delay the RBC rule 120 until after the report is reviewed by Congress, and allow greater capital resources for credit unions.