FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

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Five Brothers streamlines HUD servicing claims with new program

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Five Brothers, a Michigan-based regulatory compliant management solutions firm, announced today the launch of its new program ClaimSys, designed specifically to streamline servicing claims for loans backed by the Department of Housing and Urban Development. "ClaimSys offers a simple way to accelerate time-consuming HUD claims,” said CEO of Five Brothers Joe Bada. “It speeds processing, reduces workloads, and ensures compliance with mandated deadlines, all while integrating easily with the client’s current processing system." ClaimSys works as an additive and enhancement to already existing claims processing systems such as LPS MSP and Mortgage SERV. The systems allows users to automatically populate over 170 required data fields, lowering claims processing costs, boosting productivity and eliminating errors. Five Brothers recently launched another streamlining delivery program for servicing. DocPRO Document Delivery System is a hi-touch, step-by-step guidance initiative and marks the first time the firm developed a hi-touch system. Write to Christine Ricciardi.

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