Company Research Report: Mortgage Information Services, Inc. (MIS)

Company Overview

Name: Mortgage Information Services, Inc. (MIS)

Mission of the Company: MIS consistently provides timely title searches, valuation reports, and settlement services to lending institutions while maintaining the highest standards of quality through the effective use of technology delivered by a well-trained, professional staff.

Founded: 1990

Founders: Leonard Stein-Sapir and a team of industry professionals

Key People:

Leonard Stein-Sapir (Founder)

Joshua VanHorn (Senior Vice President and Chief Appraiser)

David Stroop (Regional Vice-President)

Headquarters: 4877 Galaxy Parkway, Suite I, Cleveland, OH 44128

Number of Employees: No information is available

Revenue: No information is available

Known For: MIS is known for being a national provider of title, settlement, and valuation services, leveraging technology to deliver solutions to lending institutions. They are prominent for their expertise in the appraisal industry and have effectively responded to COVID-related challenges in the sector.

Products

Settlement Services

Description: Nationwide services utilizing a network of professionals for a hassle-free closing experience.

Key Features:

Lien clearance and title curative services

Mortgage/lien payoff acquisition

Subordination agreement requests

Deed and release preparation

Bilingual signing agents and international coordination

Title Services

Description: Provides comprehensive search of public records for property title details.

Key Features:

Extensive title examination

Fast turnaround

Error and Omissions coverage

Document recording

Flood Determinations

Description: Accurate flood hazard determinations with thorough research and user-friendly interface.

Key Features:

Basic and Life-Of-Loan determinations

Compliance with federal regulations

Integration with Loan Origination Systems

CheetahDocs

Description: Platform for delivering critical loan signing documents.

Key Features: (Detailed specifics not provided)

Recent Developments

New Products Launched

CheetahDocs: An innovation for document delivery in loan signings.

Integration with Encompass360: MIS has integrated its title insurance and settlement fees with Encompass360, allowing users to manage title and closing processes more effectively.

New Features Added to Existing Products

Updated Work in Progress Report: Includes an "Archive" tab for better order management.

Enhanced Title Fee Quote Calculator: Now includes HECM rates for reverse mortgages.

New Partnerships

Partnership with ReverseVision: Integration of MIS services allowing reverse mortgage lenders to streamline loan processes.

Other Developments

MIS extensively featured in industry publications, highlighting their leadership and adaptation to appraisal industry changes, including navigating COVID-19 challenges in appraisals.