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Risk and Compliance Summit 2017

Monday, August 21

"Continue to Climb" is this year’s theme for the Risk and Compliance Summit, being held in San Francisco this year. Chris Seymour, SVP Sales, will be in attendance on November 2nd, for our sponsored breakfast. The Summit is a unique opportunity to engage in proactive discussions with leaders and peers on how to prepare your organization in this ever-changing regulatory compliance environment.

If you are one of the following, it’s encouraged that you attend.

                - Compliance Officers
                - Compliance Managers
                - Legal Counsel
                - Operations Manager
                - Credit Policy Managers
                - QC Managers
                - Risk Officers
                - Auditors
                - Examiners

Reach out to us today at sales@isspgh.net to schedule a meeting. We look forward to seeing you in San Francisco. 

We Join Forces with HouseCanary to Offer New Valuation Product

Wednesday, August 9

We will offer a new valuation product to lenders through a collaboration with HouseCanary, a leading provider of innovative real estate data and valuation products for the mortgage industry. Independent will add Value Report to its comprehensive menu of national appraisal and real estate valuation products.

The Value Report is an instantaneous automated valuation model (AVM) to determine single-family home and condo values. The increased use and acceptance of AVMs has created demand for higher quality, more accurate residential property valuations. Home equity lenders are utilizing AVMs for property valuation, when possible, to minimize cost of origination and to decrease loan closing time.

Independent is focused on delivering accurate real estate information services and adding value as a vendor partner to real estate lenders nationwide. The Value Report provides instant property valuation, market risk assessment and real estate market data for a single property or entire portfolios, leveraging HouseCanary's proprietary algorithms that draw on more than 1 billion U.S. historical home transactions. "HouseCanary is delivering a much more informative and transparent automated property valuation to the real estate lending industry," said Christopher Seymour, SVP, Director of Sales. "The Value Report provides lenders with supporting comparable sales data and other drivers of home value to make better, more confident real estate decisions."

The Value Report produces comprehensive property details, including sales history, and a suitability score to measure valuation confidence. Lenders gain an understanding of the local market with the report's three-year value forecast for the subject property's market. The Value Report also ranks the subject property against its 10 closest, algorithmically selected comparables, providing lenders the comfort of knowing their valuation is validated against the market context.

"Working with Independent, HouseCanary is excited to offer valuation models with unprecedented accuracy and coverage, which is what ultimately appeals to lenders," said HouseCanary CMO, Martin Morzynski. "Our algorithms analyze over 1 billion residential transactions over the last 40 years against macroeconomic drivers of demand, incorporating schools, crime and other current drivers at the block level to achieve this level of accuracy. The result is a modern AVM that helps lenders originate and close loans with confidence."

                                                              (PRNewsfoto/HouseCanary)

5 Star in Dallas

Thursday, August 3

Contact us now to schedule a meeting! 


Promotional Announcements!

Tuesday, August 1

Independent would like to announce that two employees have been promoted as of August 1st! Congratulations Casey and Jessica! 

Casey Davis, if you recall was promoted back in March to Assistant Supervisor of our REO Operations Team. Over the last few months, Casey has developed the department to produce better margins, decrease turn around time, and obtained more business from current clients. He has learned the ins and outs from an operational standpoint, as this was a whole new side of the business for him. Casey has exceeded expectations in his Assistant Supervisor role and therefore, has been promoted to Supervisor of the REO Team. We have no doubt that Casey will continue to provide top notch quality service for our clients while running the department smoothly and successfully. 

Jessica Lang has worked in the real estate industry on and off for the course of 10+ years. Jessica started with Independent in 2015 and has worked in several departments ranging from Title to her new leading role of Team Lead of our Origination Team.  She has become our go to for cross-training in a pinch to help out another team. Jessica’s quick thinking and attentive skills will help the origination team towards achieving goals and exceeding expectations of our clients. She is excited for her new adventures within her new role and we look forward to seeing where this can take her! Congratulations, Jessica! 



Introducing Enzo

Friday, July 14

Independent would like to introduce our new company mascot, Enzo! 

Enzo is a Shichon, also know as Teddy Bear dogs. He is from a breeder in Ohio and was born February 5, 2017. 

Welcome to the family, Enzo!


e-Recording

Monday, July 10

Did you know that Independent Settlement Services can e-record mortgages and other documents online?  Thanks to our VIBe software integration with Simplifile, we are electronically submitting documents directly to the county recording office.  E-recording is available in more than 1,600 counties nationwide.  Click here see if your county is part of Simplefile’s e-recording network.  Simplifile just added 21 new jurisdictions last month.

The benefits of e-recording include shortening the recording gap, increasing document security, eliminating check-writing, avoiding mailing costs and the other logistical expenses of walk-in recordings.  Contact sales@isspgh.net for more information about how to save time and money in the loan settlement process.

Loan Misrepresentation Risk Highest since 2015

Thursday, June 29

Defects and misrepresentations on mortgage applications rise to 2015 levels due to more purchase transactions according to the latest First American Loan Application Defect Index Check out a summary article with more details on the risk to lenders. Did you know that Independent Settlement Services provides independent third-party valuation and title services to Quality Control and Fraud Prevention Managers at the nation’s top lenders? Our services include appraisal field reviews, retrospective valuations, occupancy reverification inspections and title search services. Contact sales@isspgh.net for more information.

Mercury Network and AppraisalPort - now owned by CoreLogic

Wednesday, June 21



Independent Settlement Services uses VIBe, an appraisal management software application from ExaTech, which is integrated with both Mercury Network and FNC's Appraisal Port.  CoreLogic recently announced that it will be acquiring Mercury Network in 2017.  CoreLogic also purchased FNC back in 2016. 

With Vibe being integrated with both systems, we could help streamline your appraisal process! Email us at sales@isspgh.net with any questions. 

Lots of Love for Landon

Thursday, June 8

On June 2nd, 2017, Independent had the opportunity to support a great cause! We not only participated in a golf tournament, but sponsored one of the holes for the event, “Lots of Love for Landon”. The Lots of Love for Landon Charity Golf Tournament was started six years ago for a little boy name Landon who was diagnosed with a rare disease called Cystinosis at only 14 months old. Cystinosis  is a rare, incurable metabolic disease that afflicts 500 children and young adults in the United States and 2000 worldwide. This is an annual event and last year this event was able to raise$20,000, all of which went to the Cystinosis Research Foundation (CRF). CRF will use the funds for studies to find better treatments and hope to find a cure for Cystinosis! For more information regarding this condition and ways to you can help, please visit: https://www.cystinosisresearch.org/about-cystinosis/diagnosis/