NMP - February 2018 - 12

newtomarket
UWM Lowers FICO
Requirements on
Government Loans

FEBRUARY 2018 n National Mortgage Professional Magazine n

NationalMortgageProfessional.com

12

United Wholesale Mortgage
(UWM) has announced that it has
lowered its minimum FICO
requirement from 680 to 640 on
FHA and VA Elite loans, in
addition to lowering the minimum
loan amounts for Elite loans from
$175,000 to $125,000 with no
LTV cap.
UWM also announced that it
has lowered its minimum FICO
on non-Elite FHA, VA and USDA
loans from 640 to 620.
These changes were designed
to give even more borrowers
access to lower rates and faster
turn times.
Indecomm Updates Its
IncomeGenius Software

Indecomm Global Services has
announced that it has released
new product features in its
IncomeGenius automated
solution for income calculations.
This product release provides all
of the software's mortgage loan
cycle users, including Loan
Originators, Loan Processors and
Underwriters, with new tools to
access preliminary income
calculations and streamlined
navigation to detailed resources.
"We are always seeking ways
to enhance our software, create
efficiencies, and improve
usability for our clients," said
Rajan Nair, Chief Executive
Officer of Financial Services for
Indecomm Global Services.
"Based on client feedback and
focus groups, we have made
robust updates to IncomeGenius
that benefit our full spectrum of

users. Loan originators will save
time and increase productivity
with a simplified review of
preliminary income calculations,
and mobile, on-the-go access to
this data. Operations team
members, including loan
processors and underwriters, will
appreciate the added depth and
further detailed income
calculations provided by the new
features."
Now available in the
IncomeGenius software, are the
following new product features:
Updated E-mail Notifications;
Summary View; and Centralized
Alerts.
LERETA Launches Total Tax
Solutions Platform
LERETA has
announced
it is
providing
new
automation
to the tax industry, with the
release of its Total Tax Solutions
(TTS), a Web-based platform
designed to seamlessly integrate
loan servicing and tax service
data, for use by standard tax
reporting servicers. The platform
features dashboards, reporting,
workflow management and built-in
servicer guidelines for tax
payment processing activities.
TTS allows servicers to
efficiently process a pre-cycle
mini-audit, automate tax
payments, open items, conduct
tax research and review
delinquencies and payments. The
five modules on the platform are:
Pre-Cycle Audit Manager, Tax
Cycle Manager, Escrow Open Item
Manager, Delinquency Manager
and Task Research Manager.
"Existing loan servicing systems

have limited capabilities when it
comes to managing the functions
required for taxes," said John
Walsh, Chief Executive Officer of
LERETA. "This causes an
increase in servicing costs and
the potential for mistakes that
can frustrate borrowers. Total
Tax Solutions make it easier for
servicers to process tax
payments, research tax-related
inquiries from borrowers or
internal departments, manage
delinquency reporting and risk
and substantially improve
customer service. The platform
has allowed LERETA to deliver
extraordinary service in an
industry where the standard for
outsource servicing is abysmal.
We are proud to now offer our
standard tax clients a tool that
effectively merges siloed systems
and produces a more efficient
and secure process."
TTS offer servicers the
freedom to process their own tax
payments using standard tax
reporting services. For those
servicers, TTS seamlessly
integrate the loan servicing
system data and the tax
providers' data so there is no rekeying or guess work required.
"An example of the platform's
capabilities was when we used
TTS' the Escrow Open Items
manager module to audit/cleanup all payee codes prior to tax
season for Washington State,"
said Teresa Oates, Escrow
Supervisor at Alabama Housing
Finance Authority. "This provided
accurate information on the
TARS for match and pay, which
in turn provided true open items
under the beta test. We spent
less time doing clean up and
were able to process and pay all
bills in a more efficient manner."

Accurate Group Launches
Real Estate Portfolio
Valuation Solution

Accurate Group has announced
the official launch of its real estate
portfolio valuation solution for
capital markets firms. The solution
is designed for asset managers,
hedge funds, investment banks,
and other investment firms that
have significant residential real
estate and mortgage-related
portfolio holdings. Capital markets
firms using the solution will benefit
from an appraisal process that
produces faster, more accurate
portfolio valuations and stronger
regulatory compliance.
The solution combines Accurate
Group's ValueNet desktop
appraisal technology platform and
industry-compliant appraisal
processes unique to capital
markets firms to provide fast,
accurate valuations on portfolios
that include real estate, whole loan
sales, mortgage portfolios,
mortgage pools and mortgagebacked securities. The solution has
been reviewed by the top ratings
agencies as part of Accurate
Group's market validation process.
Accurate Group's real estate
portfolio valuation solution for
capital markets incorporates
appraisal processes that are
superior to other alternatives,
including: A high-degree of
accuracy and regulatory
compliance delivered quickly and
at a low price point; appraisals
completed by local, U.S.-based
licensed or certified appraisers;
exterior and interior property
inspections conducted by local,
trained real estate professionals;
and a review by a second, U.Sbased licensed or certified
appraiser prior to delivery.
"As investment firms continue to
grow their real estate and


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Table of Contents for the Digital Edition of NMP - February 2018

Contents
NMP - February 2018 - Cover1
NMP - February 2018 - Cover2
NMP - February 2018 - 1
NMP - February 2018 - Contents
NMP - February 2018 - 3
NMP - February 2018 - 4
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NMP - February 2018 - 7
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