Gold Star Mortgage Financial Group Adopts New Consumer Protection Tool
Michigan Based Lender Partners with Secure Insight to Manage Closing Agent Risk
Ann Arbor, Michigan, April 14, 2016 – Gold Star Mortgage Financial Group (Gold Star Mortgage) announced today that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s loan documents and mortgage proceeds. The process will be managed for Gold Star Mortgage by Secure Settlements Inc., DBA Secure Insight, the first vendor management firm to specialize in closing table risk. The company chose the ClosingGuard™ tool to evaluate the backgrounds, licensing, insurance, and trust accounts of agents as a method to identify potential threats before a closing takes place.
ClosingGuard™ is the mortgage banking industries only tool that evaluates, rates, monitors and reports settlement gent risk in real time in the only nationwide database of mortgage closing professionals. The Secure Insight proprietary evaluation process combines automated data analysis with live reviews by trained analysts for the most accurate and informative risk analytics in the industry.
Secure Insight Chief Operating Officer Wayne Doctor stated, “We are pleased and honored to have been chosen by Gold Star Mortgage for these critical risk management services. In our extensive dealings with their leadership team we saw first-hand their serious commitment to quality control, consumer protection and overall loan quality assurance. We are proud to be their partner in this important endeavor.”
About Gold Star Mortgage Financial Group
Founded in 2000 by Daniel Milstein, Gold Star is one of the nation's premier mortgage companies, doing business in 33 states, with over 40 Branches nationwide. The company’s expansion has been unparalleled over the last 13 years expanding to over 350 employees. In July 2013, Gold Star opened its new state-of-the art Operations Center at its new World Headquarters in Ann Arbor Michigan.
Gold Star is committed to delivering unsurpassed customer service to every borrower, corporate client and real estate professional. Our customer-focused, relationship-based sales model and commitment to continuous improvement of the loan process are keys to Gold Star's continued growth.
In 2013, Gold Star was named to the Ellie Mae Hall of Fame for our Outstanding Loan Origination Process. Gold Star was also named to Mortgage Technology Magazines "Top Tech Savvy Lenders" list for our commitment to technology development to improve the client experience.
Gold Star has also been recognized by Inc. 500 as one of the fastest growing companies and as an Economic Bright spot in Michigan.
For more information about Gold Star Mortgage Financial Group please visit www.goldstarfinancial.com.
About Secure Insight powered by Secure Settlements, Inc. (SSI)
Secure Insight is the first company to offer a standardized risk management process and information database of fully risk-assessed mortgage closing professionals that protects both consumers and lenders, reducing fraud and ensuring that federal regulatory requirements are met.
SSI monitors thousands of title, settlement and real estate legal firms and professionals nationwide through proprietary technology and the mortgage industry’s only National Settlement Agent Database. The database is accessed daily as a fraud prevention tool by state and federal banks, mortgage lenders and credit unions throughout the United States.
For more information about Secure Insight please visit www.secureinsight.com.
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