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Today’s residential mortgage industry scenarios are highly complex, dynamic and global. Lenders and title agents alike are using an entire chain of service providers across same geography, near-shore or off-shore. While they engage with a chain of service providers and reap significant benefits, title agents need to evaluate and mitigate the risk of using such third-party vendors. Enterprises across mortgage-lending ecosystem, lenders, title agents, settlement agencies alike need to comply with a number of regulations. Let’s look at the impact of such regulations on title agents, and how they must look at vendor......

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