home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
 
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News

Sign Up for Free Mortgage Fraud Newsletter


 
 
twitter linkedin
facebook google+
Mortgage News

Search
Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

 

PRESS RELEASE


QC Tool Launched

VisiLoanReview(R) now enables automated predictive modeling, risk management and error recording


 
SAN DIEGO -- (Sept. 26, 2006) Visionet Systems has announced the availability of its Closed Loop QA/QC(TM) extension for VisiLoanReview® (VLR), a 100 percent Web-based program providing electronic quality control and underwriting reviews to the lender and investor community. The enhancement enables automated reviews and checks based on the source of the loan, product characteristics, fraud markers, as well as agency and investor guidelines. The news was announced today at the Mortgage Bankers Association's 2006 Quality Assurance conference in San Diego.

The software leverages artificial intelligence by continually score-carding reviews performed and defects encountered to automatically spot trends and adjust the level of due diligence necessary when a loan of similar attribute enters the supply chain. Additionally, VisiLoanReview has increased capabilities to streamline the mortgage supply chain between origination, secondary marketing and servicing sub-divisions through automation, resulting in the only industry specific middleware that reduces errors and delays.

"Our research shows that, on average, 20 percent of mortgages have a deficiency that will cause a serious financial loss due to repurchase, fraud or lack of regulatory compliance," said Arshad Masood, president of Visionet Systems. "In response, we have developed a solution that benefits lenders and investors with increased efficiency and better data quality which directly effects the bottom line of our clients. Our Closed Loop module is a byproduct of our commitment to enhancing VisiLoanReview to meet our client's strategic and tactical goals."

In addition, VisiLoanReview helps move processes to outsourced vendors and workers at different locations throughout the world through a single Web-based system. In conjunction with Visionet's VisiRepurchase® platform, the enhanced solution completely automates the loan review, repurchase demand and appeal process for investors and sellers.


SOURCE: Visionet Systems

 
Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.



Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news