| ProClose responds to Emergency Maryland Bills with next-day 100% compliant MD Security Instruments- Mortgage Banking Systems |
Challenge:
Emergency Maryland House Bill 365 and Senate Bill 216 were passed April 3rd, 2008 stating that every recorded Instrument securing a Maryland loan must contain four elements: the Mortgage Originator Name and License Number and the Lender Name and License Number. Add ... |
Solution:
As for Maryland's legislation, Mortgage Banking Systems (MBS) put the new documents into production in anticipation of the signed bill. Within hours of its being signed, MBS was ready to release the forms to their clients. The words "effective immediately" can be har ... |
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| ProClose® is the Perfect Fit for a Growing Lender |
Challenge:
Beltsville, Md.-based Benefit Funding
Corporation, like many small lenders, grew in fits and starts. Founded in 1988,
the company began as a two-person office: one broker and one administrative
support person. Today, Benefit has 22 employees and closes 50 to 60 l ... |
Solution:
ProClose document preparation software is flexible, comes with highly personalized support and adapts easily to the ebbs and flows of a growing business. At the heart of the ProClose service model is the belief that ProClose is more than a doc prep company – it is a ... |
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| Enhance Productivity in MERS Registrations |
Challenge:
Virginia Beach-based Enterprise Mortgage Corporation was among the first in the industry to adopt MERS (Mortgage Electronic Registration System). Enterprise executives clearly saw the benefits of MERS, but they also saw one major drawback: hours of productivity lost ... |
Solution:
Install ProMerge™ by MBS ProClose®, the industry’s first direct portal for MERS registration.
Enterprise Mortgage Corporation has 23 employees, two closers and one post closer. Kathy Milton, loan closing manager for Enterprise, estimates that it takes one pe ... |
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| Homebuilders Financial Network, Inc. |
Homebuilders Financial Network, Inc. (HFN) has a unique place in the mortgage industry. Their goal is to be invisible and let their clients, who are homebuilders, shine in the spotlight. HFN staffs and operates mortgage businesses owned by the homebuilder. They handle the mortgages while their cl ... |
Efficiency and Consistent Production
Five years ago, every closing package had to be sent overnight courier or faxed to the settlement office. Now the closers can get a phone call requesting documents, have them produced and emailed to the closing table anywhere in ... |
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| Miami Lender Relies on Doc Prep Reports to Manage Title Receipts- MBS ProClose Helps Lender Create Custom Reports |
Miami-based Popular Mortgage was founded in 1995 and has grown right along with its hometown’s residential boom. Popular Mortgage’s core business is the financing of home purchases. Primarily real estate professionals, builders and title companies refer borrowers to the company. ... |
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