DENVER, Colo.,, Sep 19, 2016 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services, the premier provider of third-party residential mortgage origination and closed loan review services, announced today that it has been named a preferred provider for Capital Markets Cooperative, LLC (CMC), a nationwide alliance of mortgage bankers.
Altavera provides private label mortgage loan fulfillment solutions that reduce mortgage bankers’ costs and provide additional capacity — all as a fully SAFE Act compliant loan fulfillment partner. Offering either a comprehensive end-to-end fulfillment solution or a component-based solution, Altavera service delivery is structured to meet lenders’ specific needs and goals for loan processing; underwriting, including customized non-QM underwriting services; closing; and funding.
Further, Altavera offers closed loan reviews to prospective buyers and sellers of mortgage loans, building on standard review criteria to tailor each review to specific requirements and particular products, including agency and non-QM. Critical components of an Altavera closed loan review include full regulatory and compliance reviews; a full re-underwriting of loan file to specific guidelines; property valuation analysis utilizing licensed appraisers; fraud reviews utilizing various third-party verification; and data validations.
“Altavera is honored to join the select group of preferred providers serving Capital Markets Cooperative patrons,” said Altavera President Brian Simons. “Our industry has rebounded with a fresh focus on quality, compliance and efficiency – characteristics that will determine competitive differentiation for complex mortgage lending businesses.”
Both Altavera and Capital Markets Cooperative were acquired by Computershare Limited (ASX: CPU) in Q2 2016, and according to its announcement:
These acquisitions significantly expand Computershare’s ability to support mortgage lenders and investors through each stage of the mortgage lifecycle. CMC’s range of secondary market solutions, combined with Altavera’s loan fulfillment offerings and Computershare’s existing loan servicing solution, will help the company deliver servicers critical to the success of lenders.
About Capital Markets Cooperative:
Founded in 2003 by Tom Millon and based in Ponte Vedra Beach, Fla., Capital Markets Cooperative, LLC (CMC), leverages the collective power of a nationwide network of mortgage bankers to negotiate better products, services, pricing and liquidity solutions during the processing, sale and servicing of mortgages. CMC has 200+ Patrons with combined annual production of more than $100B. CMC Patrons choose from a wide array of mortgage services including cooperative business solutions, servicing acquisition, servicing valuation and pipeline risk management.
Specialties: Cooperative Business Solutions, Mortgage Capital Markets, Secondary Marketing, Hedging Services, Servicing Valuation and Analytics, Servicing Acquisition. Information: http://www.capmkts.org/.
About Altavera:
Based in Denver, Colorado, Altavera provides independent, third-party mortgage origination services to residential mortgage originators. Altavera’s staff of seasoned, U.S.-based specialists help clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera maintains its highly trained staff through Altavera Academy, the firm’s dedicated training unit.
For more information, visit http://www.altavera.com/.
News Source: Altavera Mortgage Services LLC
This press release was issued on behalf of the news source, who is solely responsible for its accuracy, by Send2Press Newswire. To view the original story, visit: https://www.send2press.com/wire/altavera-mortgage-services-selected-as-capital-markets-cooperative-preferred-provider/
