Items Tagged with 'Escrow'


  • Spruce raises $15.6M to disrupt title industry

    Additional investor involvement brings total Series A funding up to $19.1 million
    Self-proclaimed as the first digital native title company, Spruce is out to disrupt the paper-based title and escrow process as part of the real estate industry’s quickening march toward the digital mortgage. And now, the company has some new capital to aid its pursuit.
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  • MCS acquires EPIC Real Estate Solutions

    Expanding MCS' product line
    Mortgage Contracting Services is already a provider of property preservation, inspections, REO property maintenance and valuations for the financial services industry and is now broadening its client offerings even further. The company announced it acquired Austin, Texas-based EPIC Real Estate Solutions.
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  • Fiserv Merges New Reg Z Compliance in Servicing Platform

    Financial services technology solutions developer Fiserv [stock FISV][/stock] unveiled updates to its loan servicing platform, which now complies with new Truth in Lending Regulation Z rules. The new rules, which require an escrow account for taxes and insurance on home equity loans, take effect April 1, 2010.
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  • Despite HUD's RESPA Paper, Questions Remain

    The US Department of Housing and Urban Development (HUD) on Thursday published a question-and-answer paper aimed at clarifying the Real Estate Settlement Procedures Act (RESPA) rule slated to take effect Jan. 1, 2010. The new RESPA rules are geared toward greater transparency in the origination process for borrowers. They provide for use of the Good Faith Estimate (GFE) for borrowers to both shop around mortgages and enter the homeownership process with as great an understanding of the interest rates and settlement costs as possible.
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