Author Archives: Altavera Mortgage Services LLC

Mortgage Bankers Association (MBA) Honors Altavera Mortgage Services with Residential Leadership Award for Diversity and Inclusion

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that the Mortgage Bankers Association (MBA) has honored Altavera with its Residential Leadership Award for Organizational Diversity and Inclusion.

Altavera was recognized for the design and implementation of its Diversity + Inclusion + Advancement + Leadership (DIAL) program, which proactively cultivates leadership opportunities for women, LGBTQ individuals and ethnic/racial minorities and works to remove traditional barriers to their advancement.

"Diversity has been a bedrock Altavera value since our founding," said Altavera President and Founder Brian Simons, who accepted the award on the company's behalf during the opening ceremony of the MBA's Annual Convention and Expo in Denver. "As someone who firmly believes diverse organizations are fundamentally better organizations, this recognition is gratifying both personally and professionally - and accepting it in our hometown of Denver is especially rewarding."

"These award winners reflect the tangible progress our industry is making on diversity and inclusion," said Dave Motley, CMB, MBA Chairman and outgoing Chairman of MBA's Diversity and Inclusion Committee. "But we have a long way to go. The goal of these awards is to celebrate the best initiatives so that they are models for continued progress."

"In only our second year of existence, we were once again inundated with quality submissions and pleased with the numerous initiatives and programs our members have created," Motley added.

The MBA's Residential Leadership Award for Organizational Diversity and Inclusion celebrates and recognizes MBA member companies for their work and dedication in supporting diversity and inclusion as it pertains to hiring, lending and outreach. The program's intent is that these efforts will contribute to the formation of a mortgage banking industry that better reflects and understands its customers.

To learn more about the MBA's Diversity and Inclusion efforts, please visit https://mba.org/diversity. The MBA's Summit on Diversity and Inclusion will be held in Washington, D.C., this December 4-5, 2017.

About Altavera:
Altavera is a leading provider of outsourced residential mortgage origination and due diligence review services. Its SAFE Act-compliant staff of seasoned, U.S.-based fulfillment specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera's fully customizable closed-loan file review services enable investors and aggregators to reduce risk and make better-informed decisions. Based in Denver, Colorado, Altavera is a Computershare company.

For more information, visit https://www.altavera.com.

About Computershare Loan Services:
Computershare Loan Services (CLS) is a leading international third party mortgage services provider. We currently service over $100 billion of loans globally and support hundreds of thousands of customers throughout the lifecycle of their loans. We provide a variety of services including credit risk solutions, secondary market services, property solutions and third-party servicing. We also operate a mortgage cooperative that gives middle market lenders increased buying power, and we help mortgage lenders and investors optimize the performance of their portfolios. Our expertise, experience and understanding of the regulatory environment, credit and complex financial data help us provide insight and cost-effective services to mortgage originators, investors and real estate professionals. CLS is part of the Computershare group of companies.

For more information, visit https://www.computershare.com

About the Mortgage Bankers Association:
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's website at https://www.mba.org.

Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that the Mortgage Bankers Association (MBA) has honored Altavera with its Residential Leadership Award for Organizational Diversity and Inclusion.

Related link: http://altavera.com/

Altavera Mortgage Services COO Debora Aydelotte Recognized as HousingWire 2017 Woman of Influence

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that Chief Operating Officer Debora Aydelotte has been named one of HousingWire magazine's 2017 Women of Influence.

Aydelotte, who was also selected to grace the cover of HousingWire's August issue, was chosen for her career-long accomplishments as a mortgage finance executive, outspoken advocacy of diversity and inclusion practices and instrumental role in growing Altavera from industry up-and-comer to leading national provider. She has served the mortgage, banking and fintech sectors for more than 20 years, much of it focused on expansion and profitability at firms such as Wells Fargo, HomeSide Lending and Mellon Bank.

"This honor couldn't belong to a more deserving individual," said Computershare Loan Services CEO Nick Oldfield. "Debora is respected as one of the keenest minds in mortgage banking. Her operational and strategic expertise is an integral part of Altavera's success, and her staunch stance on fairness and inclusion in the workplace continues to define our culture and set the bar for our industry."

"As the mortgage industry continues to do the right thing - increase diversity in the workforce - the housing finance business will likewise keep moving from strength to strength," said HousingWire Editor-in-Chief Jacob Gaffney. "The progress is undeniable; as the number of influential women in housing grows, so does our recognition for the Influential Women of Housing. Our list is bigger and better than ever."

HousingWire's annual Women of Influence list honors "individuals who are making notable contributions to both their businesses and to the industry at large - with a specific focus on contributions made in the most recent 12 months. Their energy, ideas, achievements, as well as commitment to excellence and progress give us a look at the future of the industry." For a full list of honorees, visit https://www.housingwire.com/articles/40821-women-of-influence-2017.

About Altavera:
Altavera is a leading provider of outsourced residential mortgage origination and due diligence review services. Its SAFE Act-compliant staff of seasoned, U.S.-based fulfillment specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera's fully customizable closed-loan file review services enable investors and aggregators to reduce risk and make better-informed decisions. Based in Denver, Colorado, Altavera is a Computershare company.

For more information, visit http://www.altavera.com.

About Computershare Limited:
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About HousingWire:
HousingWire is by far the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals.

Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that Chief Operating Officer Debora Aydelotte has been named one of HousingWire magazine's 2017 Women of Influence.

Related link: http://altavera.com/

Mortgage Professional America Names Altavera Mortgage Services’ Jennifer Fountain a 2017 Elite Woman in Mortgage

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that Senior Vice President of Due Diligence Jennifer Fountain has been named one of Mortgage Professional America's 2017 Elite Women in Mortgage. Fountain was recognized as a distinguished expert in the areas of credit and underwriting policy, operations, due diligence, management and training.

"I know Jennifer to be an unrivaled expert in the fields of mortgage credit risk and due diligence," said Debora Aydelotte, Altavera's chief operating officer and 2014 Elite Woman in Mortgage. "She has played a transformative role both at Altavera, where she built our closed-loan file review service from the ground up, and in the mortgage industry as a whole, where she has left an indelible mark over the course of her 30-year career."

"It's a privilege to be honored among such an influential and experienced field of industry peers," said Fountain. "The challenge of helping loan conduits, aggregators and investors transact their business with total confidence in loan quality and consistency is both a source of personal motivation and a driver of the continuing evolution and innovation of Altavera's service offerings."

Each year, the Mortgage Professional America (MPA) Elite Women in Mortgage list recognizes influential women leaders in the mortgage industry. For a full list of honorees, visit http://www.mpamag.com/rankings/elite-women-2017.

About Altavera:

Altavera is a leading provider of outsourced residential mortgage origination and due diligence review services. Its SAFE Act-compliant staff of seasoned, U.S.-based fulfillment specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera's fully customizable closed-loan file review services enable investors and aggregators to reduce risk and make better-informed decisions. Based in Denver, Colorado, Altavera is a Computershare company.

For more information, visit http://www.altavera.com.

About Computershare Limited:

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Mortgage Professional America:

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry profesisonals through its bi-monthly magazine and daily email newsletter.

For more information, visit http://www.mpamag.com/.

Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that Senior Vice President of Due Diligence Jennifer Fountain has been named one of Mortgage Professional America's 2017 Elite Women in Mortgage. Fountain was recognized as a distinguished expert in the areas of credit and underwriting policy, operations, due diligence, management and training.

Related link: http://altavera.com/

S&P Approves Altavera for Residential Mortgage-Backed Securities Due Diligence

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, has been approved by Standard & Poor's Global Ratings (S&P) as a third-party due diligence provider for U.S. residential mortgage-backed securities (RMBS) rated by that agency.

When assessing third-party due diligence firms like Altavera, S&P uses a systematic methodology and rigorous criteria that encompass mortgage loan data quality, compliance with originator underwriting guidelines, property valuation and regulatory compliance. Altavera joins fewer than a dozen organizations currently included in S&P's list of reviewed third-party due diligence firms that meet these criteria.

Altavera provides investors and correspondent aggregators with a full range of closed-loan file review services for agency and non-QM residential mortgages, including validation of product acceptability to investor guidelines, credit decision and supporting documentation, QM/ATR requirements, regulatory compliance, property valuation and closing documentation. The company's due diligence business is led by thirty-plus-year mortgage operations veteran Jennifer Fountain.

"Our goal is to provide buyers and sellers of mortgage loans with confidence in the value of their collateral through extensive, yet cost-efficient analysis performed by a team of seasoned experts," said Fountain. "S&P's recognition of Altavera as a reviewed due diligence provider for RMBS is a vote of confidence in our ability to help investors make informed decisions."

"Altavera's clients are demanding greater transparency than ever when it comes to loan data and documentation, and that expectation will only intensify when appetite for private-label securities returns," said Altavera President Brian Simons. "Our deep experience and customized approach sheds light on loan quality and consistency and help investors mitigate risk and expense."

S&P frequently relies on due diligence performed by reviewed third-party firms in addition to its own analysis when assigning ratings for new U.S. RMBS transactions because, according to its website, the credit rating agency "believes that using third-party due diligence results in its ratings analysis will increase transparency and strengthen the rating process."

"Altavera's inclusion in S&P's exclusive list of reviewed RMBS due diligence firms is exactly the kind of achievement we expected when we decided to invest in the firm," said Nick Oldfield, CEO of Computershare Loan Services, the umbrella brand for all of Computershare's mortgage servicing businesses. "It's also a natural complement to the clean sweep of high S&P, Fitch and Moody's ratings earned by Specialied Loan Servicing (SLS) and Computershare's UK mortgage servicing businesses."

About Altavera:

Altavera is a leading provider of outsourced residential mortgage origination and due diligence review services. Its SAFE Act-compliant staff of seasoned, U.S.-based fulfillment specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. Altavera's fully customizable closed-loan file review services enable investors and aggregators to reduce risk and make better-informed decisions. Based in Denver, Colorado, Altavera is a Computershare company.

For more information, visit http://www.altavera.com.

About Computershare Limited:

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Computershare Loan Services (CLS):

Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

*PHOTO for media: Send2Press.com/mediaboom/17-0314s2p-Brian-Simons-300dpi.jpg
*Photo Caption: Altavera President Brian Simons.

Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, has been approved by Standard & Poor's Global Ratings (S&P) as a third-party due diligence provider for U.S. residential mortgage-backed securities (RMBS) rated by that agency.

Altavera Extends Mortgage Fulfillment Operations to Ten New States

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that it has received residential mortgage licensing approval in ten new states, bringing to 36 its total number of state licenses. Altavera's origination services are newly available in Arkansas, Connecticut, Illinois, Iowa, Kansas, Minnesota, Mississippi, Oklahoma, South Carolina and the District of Columbia.

The news follows Computershare's acquisition of Altavera in May 2016 and Altavera's January 2017 announcement that it would expand licensing to several additional states to meet growing demand for its private-label mortgage services. Altavera's customizable, fully SAFE Act-compliant fulfillment solutions include processing and underwriting of conforming, jumbo and non-Qualified Mortgage loans. The company also specializes in closed-loan file review for a variety of loan types.

For complete and up-to-date information on Altavera's licensing status, visit http://altavera.com/licensing/.

"Federal and state laws are abundantly clear. Third parties involved in residential mortgage loan fulfillment, which includes contract processing and underwriting, must be licensed to provide those services. At Altavera, we do not take lightly these legal obligations," said Altavera President Brian Simons, adding that Altavera employs a team of regulatory experts to ensure the company remains compliant.

"When Computershare bought Altavera and Capital Markets Cooperative last May, we emphasized that we would invest in both companies and enable them to build on the success they'd already achieved," said Nick Oldfield, CEO of Computershare Loan Services, the umbrella brand for all of Computershare's mortgage servicing businesses. "We're really pleased to announce this licensing expansion for Altavera and look forward to further expansion of our services throughout 2017."

Typically, both individual mortgage loan originators (MLOs) and companies that engage in mortgage loan origination, including third-party service providers, must hold a license in each state in which they conduct business. Licensing requirements are intended to help borrowers and other purchasers of mortgage origination services verify that their MLO is qualified to conduct mortgage business and has not been convicted of any civil or criminal wrongdoing.

Lenders can verify the licensing status of their third-party fulfillment vendors by conducting a search of the Nationwide Mortgage Licensing System & Registery (NMLS(R)) Consumer Access(SM) database at http://www.nmlsconsumeraccess.org.

About Altavera:
Based in Denver, Colorado, Altavera is a leading provider of outsourced residential mortgage origination services. Altavera's SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm's service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

For more information, visit http://altavera.com.

About Computershare Limited:
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Computershare Loan Services (CLS):
Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

Altavera Mortgage Services (Altavera), a Computershare company and leading provider of outsourced residential mortgage origination services, today announced that it has received residential mortgage licensing approval in ten new states, bringing to 36 its total number of state licenses. Altavera's origination services are newly available in Arkansas, Connecticut, Illinois, Iowa, Kansas, Minnesota, Mississippi, Oklahoma, South Carolina and the District of Columbia.

Altavera to Expand Operations Following Record Demand for Its Outsourced Mortgage Services in 2016

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a leading provider of outsourced residential mortgage origination services, today announced its plans for expansion in 2017 along with highlights from the company's last 12 months of growth.

"Altavera experienced rapid growth throughout 2016 despite the challenges of a dynamic regulatory environment," said Altavera Founder and President Brian Simons. "We responded to the increased business volume by augmenting our staff, including our leadership team, and adding new services to address the evolving needs of our clients. We will continue to expand our SAFE Act-compliant outsourced mortgage services in 2017 by obtaining licensing in even more states."

The Denver-based company, which celebrated its fourth anniversary in October, expanded its staff by 70% in the last 12 months. The firm was acquired by Australian financial services company Computershare Limited (Computershare, ASX: CPU) in May.

"Our closed-loan file review service has remained in high demand since its launch in Q3 of 2016," said Debora Aydelotte, Altavera's chief operating officer. "Overall, we've seen a 142% increase in volume, so post-close due diligence will continue to be an area of focus for Altavera in 2017."

"We also expect lender interest in Altavera's non-Qualified Mortgage fulfillment services will continue growing, fueled by the expected changes in the regulatory environment in 2017," Aydelotte continued. "Additionally, we anticipate that strong home values will keep HELOC originations on the forefront for Altavera and our lender clients."

Altavera plans to expand licensing to several additional states in early 2017 to meet growing demand for private-label mortgage loan fulfillment solutions. Currently licensed in 34 states, Altavera is a fully SAFE Act-compliant loan fulfillment partner offering both comprehensive and component-based fulfillment solutions, including customized non-Qualified Mortgage services. Altavera service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

Growth milestones from Altavera's last 12 months include:

* January 2016: Deb Aydelotte, former president of Altisource Origination Services, joins Altavera as chief operating officer.

* April 2016: Altavera reports marked uptick in requests for underwriting, processing and pre-purchase review support for non-QM loans. The company estimates non-QM inquiries represent 35% of Altavera's client portfolio.

* May 2016: Altavera announces the Q3 2016 launch of its closed-loan file review/post-close due diligence service.

* September 2016: Altavera is named a preferred provider for Capital Markets Cooperative (CC), a nationwide alliance of mortgage bankers. Like Altavera, CMC is a member of the Computershare family of mortgage-related businesses.

* December 2016: Altavera reports a 30% increase in credit union demand for outsourced mortgage origination services in Q3 2016 compared to the previous quarter.

For more news from Altavera, visit http://altavera.com/press/.

About Altavera:

Based in Denver, Colorado, Altavera is a leading provider of outsourced residential mortgage origination services. Altavera's SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm's service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

For more information, visit http://altavera.com.

About Computershare Limited:

Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com.

About Computershare Loan Services (CLS):

Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

Altavera Mortgage Services, a leading provider of outsourced residential mortgage origination services, today announced its plans for expansion in 2017 along with highlights from the company's last 12 months of growth. The firm was acquired by Australian financial services company Computershare Limited (ASX:CPU) in May.

Credit Unions Increase Use of Outsourced Mortgage Services by 30 Percent in Q3, According to Altavera Mortgage Services

DENVER, Colo. /ScoopCloud/ -- Altavera Mortgage Services (Altavera), a leading provider of SAFE Act-compliant outsourced residential mortgage origination services, reported a 30 percent increase in credit union demand for its outsourced mortgage origination services in the third quarter of 2016 compared with the previous quarter. The uptick in demand for outsourced services is linked to growing regulatory compliance costs and an overall increase in origination volume among credit unions.

"Reports early this year indicated that the credit union market was experiencing atypical growth, and our own observations confirm it," said Altavera chief operating officer Debora Aydelotte. "Increasingly, medium-to-large-sized credit unions are choosing Altavera as their outsource partner because we can deliver the service excellence required to meet member commitments while significantly reducing the burden of growing origination workloads."

According to a September Credit Union Trends Report by CUNA Mutual Group, credit unions experienced a 3.3 percent year-over-year increase in first-mortgage originations and a 20 percent year-over-year increase in home-equity loans and second mortgages during the first half of 2016.

Ent Credit Union, the largest Colorado-based credit union and a mortgage lender since the 1980s, turned to U.S.-based Altavera for outsourced assistance in managing some of its record-breaking 2016 first mortgage volume.

"Ent has been active in mortgage lending for decades. Having just come off a record Q3, we anticipate record volume for 2016 and robust demand for mortgages into the foreseeable future," said Ent Credit Union senior vice president and chief lending officer Jon Paukovich. "We are fortunate to be able to invest in growing and training our in-house staff to handle most of our operations, but with the kind of growth we've been undergoing, the option to outsource through Altavera is helpful. Mortgage talent is in high demand and can be very expensive."

Altavera is part of the Loan Services business unit of Computershare (ASX: CPU). Its sister company Capital Markets Cooperative (CMC), a provider of capital markets solutions to mortgage lenders, also serves credit union mortgage lending operations with its mandatory delivery and hedging advisory services.

"The credit union model is built on member trust, which drives a conservative approach to the mortgage business," said Capital Markets Cooperative executive vice president Jeff Harry. "Still, credit unions are receptive to outsourcing when they feel it gives them an advantage around safety and soundness or when certain capabilities just aren't available internally. Just as our credit union partners rely on CMC's expertise in hedging analytics, more and more credit unions are turning to Altavera for SAFE Act-compliant mortgage loan fulfillment."

Altavera expects the upward trend in credit union business to continue over the next 12 months and is preparing to dedicate further resources to this sector of the market.

About Altavera

Based in Denver, Colorado, Altavera provides private-label loan fulfillment services to residential mortgage originators. Altavera's SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm's service delivery is structured to meet each client's specific needs for loan processing, underwriting, closing and funding.

For more information, visit http://www.altavera.com/.

About Computershare Limited:

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.

For more information, visit https://www.computershare.com/.

About Computershare Loan Services (CLS):

Computershare Loan Services (CLS) is a leading international third-party mortgage servicing business, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.

Altavera Mortgage Services, a leading provider of SAFE Act-compliant outsourced residential mortgage origination services, reported a 30 percent increase in credit union demand for its outsourced mortgage origination services in the third quarter of 2016 compared with the previous quarter.

Altavera Mortgage Services Notes Uptick in Non-QM Activity from Originators, Aggregators and Investors

DENVER, Colo., April 20, 2016 (SEND2PRESS NEWSWIRE) -- Altavera Mortgage Services (Altavera), the premier provider of third-party residential mortgage origination services, reports a marked uptick in non-Qualified Mortgage (non-QM) inquiries in the first quarter of 2016. According to President and Founder Brian Simons, staffing requests from Altavera's clients suggest the industry is preparing for increased business in Q2 and the second half of 2016.

"While non-QM still represents only a portion of our overall client portfolio, approximately 35 percent of new client inquiries are for non-QM work," said Simons. "We're seeing a rise in demand from originators for underwriting and processing support and from aggregators for pre-purchase review."

Non-QM loans are mortgages that do not meet the standards of a Qualified Mortgage (QM) as defined by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). While not inherently high-risk, these mortgages do not fit into the complex rules associated with QM loans.

"One of our clients recently requested four additional underwriters and three additional processors to prepare for their projected volume over the next few months," said Simons. "We also know of several non-QM investors that are hiring extra business development and sales personnel. In our experience, these kinds of staffing trends are a good indicator of what's in the pipeline."

In addition, Simons pointed to a gradual easing of credit by some lenders as well as a greater comfort level by banks to hold non-QM product. In its January 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices, the Federal Reserve reported that lending standards are beginning to ease for all non-QM loan types except subprime loans. Further, as recently reported in Inside Nonconforming Markets, origination of interest-only mortgage loans was up 8.5 percent in 2015 versus 2014, and much of the interest-only product is being held by banks.

"We anticipate that as interest rates increase, we'll see even more interest in non-QM products," said Altavera Chief Operating Officer Debora Aydelotte. "Already, our clients are originating a variety of non-QM loan types, from jumbo loans to loans with a higher debt-to-income ratio than what's allowed under the QM rules. We're also seeing increased interest in early foreclosure release and asset inclusion loans."

Borrowers who have forfeited their homes in a foreclosure sale typically must wait a prescribed number of years before applying for another QM loan. Early foreclosure release is a type of non-QM loan that allows borrowers to take out a mortgage before the prescribed waiting period ends. Asset inclusion is a type of non-QM loan where the borrower relies on assets (often income from self-employment) to cover some of the loan's income qualifications.

"Early indicators from the last three months point to a healthy non-QM market in 2016 that will exceed 2015 volumes by a material margin," concluded Simons.

Altavera provides originators, investors and aggregators with mortgage fulfillment services including underwriting, processing, closing and pre-purchase review, also called close loan review or due diligence. The service provider works closely with each client to understand its unique non-QM products, then assigns a dedicated team of tenured Altavera staff members to serve the client's needs.

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://altavera.com/.

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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 and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.