Home equity opportunities are expected to increase in 2025, but HELOCs are legally not considered transferable – or able to be sold to investors – in states where Uniform Commercial Code (UCC) Article 12 has not yet been enacted.
According to the Consumer Financial Protection Bureau (CFPB), many Limited English Proficiency (LEP) borrowers are not fully integrated into the financial marketplace despite being a significant portion of the U.S. population – approximately 25.5 million individuals. The language access issues faced by LEP consumers present unique challenges in learning about and accessing financial products, services, and education tools, including understanding and completing key financial documents.
Jamie Mottern, Head of Docutech Operations
Sandeep Gupta, Head of Product for Docutech, Servicing, and CleanFile
Docutech®, a First American Company, has been named the 2023 Originator Choice Gold Award Winner for Document Services. The winners, announced in the December issue of National Mortgage Professional magazine, were selected based on direct feedback from industry professionals via survey.
Docutech, a First American Company, and First American Mortgage Solutions are bringing together their premier digital document solutions to seamlessly maximize efficiency for lender and servicer document services. The integrated approach enables Docutech to deliver a robust portfolio of digital document solutions from origination to post-closing and servicing in the mortgage industry.
