DS News - Digital Archives

November, 2012

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

Issue link: http://digital.dsnews.com/i/91566

Contents of this Issue

Navigation

Page 108 of 115

VISIT US ONLINE @ DSNEWS.COM effectiveness of the Compliance Connections solution, which was developed specifically to address the needs of municipalities and servicers," said Brandon Kirkham, president of Compliance Connections. "More municipalities are turning to Compliance Connections to help them identify and contact the correct lien holder quickly and efficiently to address code issues at properties across the country." Compliance Connections offers a "Our growth demonstrates the web-based portal that allows mortgage servicers and municipalities to open the lines of communication as soon as code issues arise. When violation notices are posted to the platform by city inspectors or code enforcement officers, they are immediately delivered to the responsible servicer electronically, which eliminates delays in addressing the issue that can accompany mailed notices. Not only does the portal's real-time technology inherently save those involved in the code violation process both time and money, but it also helps servicers and their field service partners preserve the value and condition of real estate assets and the communities in which they are located. Safeguard's Compliance Connections driven by emotion, such as personal pride, the majority cited financial reasons as their motivation. Thirty-four percent said they believe While 22 percent said their desire is owning is more financially advantageous than renting. Another 28 percent view homeownership as "an investment in their family's financial future." While 7 percent cite the home loan interest tax deduction as a motivator, the majority of homeowners interested in purchasing a second home said its elimination would not alter their interest. However, 8 percent said it was important enough that they would not be interested in purchasing if the tax deduction is no longer available. Texas Trust also asked current renters "Experience is the Difference" interested in homeownership how they would define an affordable down payment on a home. A 77 percent majority feel a down payment of no more than 5 percent of the home value is affordable. Current homeowners were more tolerant Servicing all of Central Texas of higher down payments. About 48 percent fell into the category of defining affordable by up to 5 percent of the home value. Twenty-six percent felt 10 percent was business unit is headquartered in Plano, Texas, and to date, has hosted more than 1,100 unique users on its secure workflow management platform. The system's centralization of code compliance tasks and responsibilities gives users the ability to communicate directly, upload supporting documentation, manage tasks, and review the status of code violations. Survey: Most Texans Drawn to Practical Side of Homeownership of the American Dream, continues to have mass appeal but with a slightly more practical angle, according to a survey released in late September by the Texas Trust Credit Union, one of the largest credit unions in North Texas. The survey "spotlights a more pragmatic Homeownership, long considered part and less idealized vision of homeownership," according to a press release from Texas Trust. A large majority—83 percent—of non- homeowners revealed a desire to purchase a home "either this year or within the next five years." reasonable, and 23 percent felt a 20 percent or more down payment was affordable. While varying on their view of a reasonable down payment, renters and current homeowners came together on another issue: the importance of having a personal relationship with their mortgage holder. All together, 82 percent of survey respondents said a relationship with their mortgage holder was "very important or at least somewhat important." "When you consider that homeownership is viewed as a financial investment, it is no surprise that consumers view the relationship with their mortgage holder as highly important," said Richard Whitman, VP of mortgage lending at Texas Trust Credit Union. STAT INSIGHT Foreclosures completed in Texas over the 12 months ending in August, the fourth-most in the nation. 57,512 Source: CoreLogic » All Licensed Real Estate Team Approach » REO Sales Experts » BPOs » In-House Legal Department » Oversee Trash Outs » Cash For Keys » Evictions » Bids & Repairs www.HouseGals.com Michelle Sheehan, Broker 512-251-4950 (Direct Line) HouseGals@gmail.com 1420 Hwy 685 Pfl ugerville, TX 78660 512-989-1094 (Fax) The "Original" HouseGals 107

Articles in this issue

Links on this page

view archives of DS News - Digital Archives - November, 2012