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To locate a loan, simply click on “Home” or hover over “Home” and select “Loans” from the dropdown.
16.3.1 ADR – 90 Day Task Inactivity Report. 15.1.5 Cancel an Item in the Smart Worklist. 15.1.4 Complete an Item in the Smart Worklist. 15.1.1 Viewing the Smart Worklist Table. 12.3.1 Verify Cancellation of Title Order. 9.1 Opening a Motion for Relief (MFR) and a Proof of Claim (PoC). 8.1.2.1 Close Reason for a Foreclosure that has gone through Sale. 8.1.2 Closing a Foreclosure that has Gone to Sale.
6.4 Reprojecting Foreclosure Sale Held Task. 1.7 Adding a User to Multiple Organizations. As you navigate through the system, if you encounter issues such as pages not displaying properly, misaligned images, or trouble with uploading documents, please add as a trusted site in your browser’s settings, and this should correct your issues. Some older versions of browsers may have compatibility issues with the ADR system. Updated Title Data Report Section, ‘DateClosed’ field updated to ‘DateReceived’ and ‘DateCancelled’ addedĪdded Beneficiary Check Document Retrieval processġ2.5.1 Beneficiary Check Document Retrieval Updated all screenshots for ADR updates and added new section for Direct Title Rollout Removed Re-Certification Process Instructions In December, however, the bank disclosed that it was in discussions to settle with some private investors.ADR Attorney Data Reporting Attorney User GuideĪdded new Foreclosure and Bankruptcy Case Closure step to all State Workflows The bank originally vowed to challenge such claims. Allstate said the bank had poor lending standards and should have known that the loans would go bad. 27 over $700 million in mortgage-backed securities that Countrywide sold to the insurance company.
Among those scorned: Pacific Investment Management, the big bond firm BlackRock, the large money manager and the Federal Reserve Bank of New York.Īllstate separately sued Bank of America on Dec.
The bank is facing so-called put-back claims from insurance companies and more than a dozen private investors that bought roughly 160 troubled mortgage securities from Countrywide.
Many of the original deals with insurers and investors required lenders to buy back mortgages that failed to meet certain underwriting criteria.īank of America, the nation’s biggest bank, may be most exposed. The banking industry, according to various estimates, ultimately could spend $20 billion to $150 billion to buy back $2 trillion of bad loans from Fannie and Freddie, bond insurance companies and private investors.īond insurers, including MBIA, guaranteed mortgages while big investors bought securities backed by home loans. Shares of Bank of America rose more than 6 percent Monday.įannie and Freddie are not the only ones asking for their money back.