TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/211920
local edition SERVICING said Scott Mowry, SVP and head of transaction management at Clayton. "As the market leader in due diligence, Clayton is investing in personnel, training, technology, and facilities to be ready for new regulations—like QM and QRM— and the eventual return of the private RMBS market." families through contributions to the Veterans Airlift Command (VAC), an organization offering free air transportation to wounded veterans of operations Iraqi Freedom and Enduring Freedom. Proceeds also went to the Carrington House Project, benefitting Building for America's Bravest, MortgageDocs Releases Subcontractor Management Platform Software has new enhancements including timely order updates, auditability. Since 2011, the annual golf tournament has raised a total of $1.76 million through the combined efforts of sponsors, supporters, donors, and volunteers. Carrington Hit the Links for Charity The company rolled out its third golf classic to raise money to support veterans. CALIFORNIA // Carrington Charitable Foundation (CCF), the philanthropic branch of the Carrington family of companies, held its 3rd Annual Golf Classic October 14 in Newport Coast, California. Booked at the Resort on Pelican Hill, the event benefitted wounded veterans and their a joint venture between the Gary Sinise Foundation and the Stephen Siller Tunnels to Towers Foundation. The organization builds "smart homes" constructed to meet the specific needs of individual veterans and their families. "The Carrington family of companies is absolutely dedicated to supporting our nation's heroes and is proud of our ongoing work to support wounded veterans and their families," said Bruce Rose, CEO and general partner of Carrington Holding Company. "We have a fundamental obligation to help those that have sacrificed so much protecting our freedom, and CALIFORNIA // MortgageDocs, a national mobile notary signing service headquartered in California, announced the launch of myMortgageDocs, the company's new proprietary signing management platform for notaries, lenders, title, and escrow companies. The new software provides a number of enhancements that allow for timely order updates and reconciliation to assist notaries and firms with reporting and auditability. One area of focus for MortgageDocs was strengthening quality control and enhancing compliance safeguards. "With the recent volatility in mortgage industry conditions coupled with increased scrutiny on security, we understand that compliance and borrower protection are top-of-mind concerns for our clients," said CEO Christian Redmond. The M Report | 47 se c on da r y m a r k e t GEORGIA // Clayton Holdings, LLC, a provider of loan due diligence, surveillance, and consulting services for the mortgage industry, announced that it has expanded its securitization group in preparation for the private market's return. According to Clayton, the group's expansion is driven by "growing demand for due diligence services within the recovering private-label securitization market." Year-to-date, the company says it has performed due diligence on more than 7,700 loans that have come to market. To manage the group, Clayton has brought on Dan Pinero as director of securitization for operations and Joe Ozment as director of securitization for client services. In addition, Clayton announced it has secured an additional 18,000-square-foot space in Atlanta to accommodate the expanding securitization business. There are currently 80 due diligence professionals based in the Atlanta facility, with an additional 220 operating in the company's Tampa facility. "The gradual re-emergence of the private-label market has been a long, deliberate process, and those re-entering the market are operating in a rapidly evolving regulatory and business environment," a na ly t ic s The company is preparing for the private market's return. s e r v ic i ng Clayton Holdings Expands Securitization Group it is our hope that we can inspire others to join our commitment to give back to our deserving veterans and their families." Since 2011, the annual golf tournament has raised a total of $1.76 million through the combined efforts of sponsors, supporters, donors, and volunteers. This year's event was expected to surpass the success of previous years, providing an even greater benefit for the two organizations. "Being part of these missions and having the opportunity to hear the veterans' stories firsthand serves as a powerful reminder of their sacrifices and demonstrates the importance of assisting these deserving heroes," said Rosemary Rose, chairman of CCF's board of directors. Or ig i nat ion verifying accuracy and identifying potential fraud. In addition, certified appraisers have direct access to every MLS database in Texas and beyond along with national cost data to complete reviews in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). "That technology combined with a staff of highly competent, Texas-licensed review appraisers makes Axios the obvious choice," Pistilli said.