RedVision launches loan modification services bundle in response to renewed federal government focus on assisting at-risk consumers.

Parsippany, N.J. – June 7, 2013 – RedVision, a national provider of title reports and real property research solutions, has created a new Loan Modification Services Bundle that directly coincides with the Obama administration’s announcement last week to focus on increasing loan modification alternatives for at-risk consumers. The administration’s original 2009 estimate of over 4 million potential modifications has resulted in just over 1 million completed transactions over the three years, falling far short of expected goals.

In response to the new efforts, RedVision has leveraged its strength in facilitating nationwide, comprehensive title services to bundle the additional components consisting of a lien priority policy and recording service to offer this streamlined loan modification solution. From due-diligence reporting on the status of title, through the recording of the loan modification documents and facilitating the issuance of lien priority insurance, RedVision’s team of specialists acts as a single point of contact each step of the way inclusive of tracking recording and lien priority policy issuance. RedVision’s client relationship team meets with each client to map out a process that is customized to their specifications. Our technology provides the means to tailor workflows and deliverables that facilitate a successful loan modification transaction across multi-state jurisdictions. Our team of title specialists and examiners capitalize on their nationwide knowledge and experience to ensure our lenders and loan-servicer clients are meeting investor timelines and requirements on each transaction.

The Loan Modification Services Bundle includes:
 Generate and ensure quality control of current-owner title report.
 Review title report and assign eligibility grade customized to lender’s criteria.
 Perform quality-control review of executed loan modification agreement prior to recording.
 Coordinate electronic recording or direct record via delivery to county recorder’s office.
 Confirm recording and scan copy of recorded document.
 Coordinate lien priority insurance with selected title underwriter.
 Deliver original recorded modification to customer’s document custodian.
 Provide automated customized status and exception reporting.
 Offer a single-point–of-contact customer service team.

RedVision’s everyday goal is to work with clients to identify and solve their business challenges today, while supporting new opportunities tomorrow. We believe in providing industry-specific solutions crafted to meet client needs helping them to succeed in growing their business or responding to critical organizational challenges around regulatory risk, compliance and default management. From comprehensive title searches to optimized workflow solutions, our objective is to optimize production, ensure the highest quality and provide outstanding service.

For more details on this program please be sure to email us at info@redvision.com. The appropriate representative will contact you with further information and details. We look forward to working with you.

About RedVision
RedVision is a leading provider of title searches and real property research solutions across the nation, serving over 1,650 customers in the real estate industry including lenders, title underwriters, title agents, attorneys and settlement/default servicing firms completing over 1.5 million title orders per year. RedVision delivers complete, consistent and accurate title searches quickly in each customer’s specified format directly into their systems. The result is a dramatic reduction in processing time and expense. Visit http://www.redvision.com or call 973-854-9500 today to learn more.

Advertisements

Tags:

Categories: NJTC Information Technology Network, Real Estate

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

NJTC TechWire

Daily updates about the region's most tech savvy companies

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: