Urban Settlement Services tapped Mortgage Cadence to replace their primary analytic and document solution. The partnership will allow Urban Settlement to bulk import upwards of 50,000 loans at a time, validate data, and deliver the required loan modification documents for servicer approval and fulfillment, according to a corporate release. Urban Settlement, based in Pittsburgh, Penn., aids families at risk for foreclosure through their Home Retention work, processing more than 600,000 loan renegotiations in 2008. Mortgage Cadence provides a processing software package, Orchestrator, which automates workflow for the financial services industry. Write to Jon Prior.
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August