How to Eliminate Loan Ownership Questions & Lien Release Problems:
ASSIGNMENT OF MORTGAGE BEST PRACTICES
When you purchase a portfolio of mortgages, you must ensure the assignment for each loan is properly recorded. Failure to do so puts your investment at risk. And, as mortgage volumes increase, risk of inefficiency, rejected filings , and litigation also increases. This whitepaper discusses the following best practices, which ensure your assignments are recorded properly, minimizing potential issues.
1. Collateral File Reviews
2. Document Retrieval
3. Document Storage, Retrieval & BLOBs
4. Handling of Assignments
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