Tag Archive — Services

KeyStoneB2B Announces New Flood Zone Determination Services

February 1, 2018

KeyStoneB2B has announced new flood zone determination services through its expansive network of providers. KeyStoneB2B simplifies loan origination for mortgage lenders by identifying the highest quality, most reliable ancillary products, including flood determination providers with advanced pricing capabilities. “According to the National Flood Insurance Program, even a few inches of water from a flood can result in tens of thousands of dollars in damage,” said James V. Luisi, Chief Information Officer and Chief Technology Officer for KeyStoneB2B. “That’s the reason mortgage lenders are often required to acquire life of loan flood protection to protect the note holder of the mortgage.... View Article

https://nationalmortgageprofessional.com/news/65912/keystoneb2b-announces-flood-zone-determination-services

Rebooting Mortgage Servicing With FinTech Solutions

October 15, 2017

The housing market contributes approximately 18 percent of the U.S. GDP. With so much at stake, a recent Treasury report on the U.S. financial system is recommending extensive mortgage lending reforms. The U.S. Treasury Department states that regulatory requirements have significantly and unnecessarily tightened the credit box for new mortgage originations, denying many qualified Americans access to mortgages. In addition, regulations have significantly increased the cost of origination and servicing activities, which, when passed on to borrowers in the form of higher mortgage rates, have decreased the number of Americans that can qualify for mortgages.Hello HMDA Included in the mix... View Article

This article originally apeared in the September 2017 print edition of National Mortgage Professional Magazine.