Common questions

What happened EMC Mortgage?

What happened EMC Mortgage?

BSABS acquired mortgage loans from the sponsor, EMC, and sold them to the RMBS trusts pursuant to Pooling and Servicing Agreements (“PSAs”). Structured Asset Mortgage Investments II, Inc., is a Delaware corporation with headquarters in New York, New York.

Who took over EMC mortgage?

JPMorgan Chase Bank, N.A., succeeded to EMC’s business and assumed all of EMC’s rights and duties as servicer relating to Page 6 6 securitization transactions to which EMC is a party. JP Morgan Chase Bank, N.A., is liable for the conduct of EMC alleged herein. 14.

What does EMC stand for in mortgage?

EMC. An EMC, or earnest money contract, is the paperwork that accompanies an earnest money deposit that a buyer makes to a seller as a show of good faith in a property transaction. Specifically, the EMC usually includes, at a minimum, the earnest money deposit amount.

What is a CR in real estate?

14 What is a CR, and why do we need them? CR’s, the short for Conservation Restrictions is an agreement that is held by another party, not related to the owner of an open space land parcel, purchased with funds from the Community Preservation Act.

What is CMI in real estate?

The Institute , through its CMI designation program, is the first to recognize professional achievement in property taxation. This designation is widely known as a mark of achievement and distinction in the property tax field. Earning the CMI designation is both a personal achievement and a credit to the profession.

What is CLS stand for?

CLS

Acronym Definition
CLS Clinical Laboratory Scientist
CLS Common Language Specification (Microsoft .NET; set of conventions intended to promote language interoperability)
CLS Continuous Linked Settlement (banking)
CLS Columbia Law School

What does LA mean in real estate?

La – living area. Lr – living room. MLS – Multiple Listing Service; database of real estate for sale.

What is CMI certification?

Certified Member of the Institute (CMI) A CMI is a Certified Member of the Institute for Professionals in Taxation. Certified Member of the Institute (CMI) is the highest level of professional achievement in business taxation and is a mark of professional distinction in the field.

What does CMI mean after a name?

Chartered Management Institute – Wikipedia.

How long does it take to get GRI designation?

Courses may be taken online, in the classroom from a sponsoring REALTOR board, or a combination of online and classroom. All 60 hours of education toward the GRI designation must be completed within 3 years.

Who are the owners of EMC Mortgage Corporation?

EMC Mortgage Corporation is a mortgage banking company. The company was founded in 1990. EMC Mortgage Corporation is a wholly owned division of The Bear Stearns Companies, Inc. EMC Mortgage Corporation is a company specializing in the acquisition, securitization and servicing of mortgages and mortgage-related services.

How is the rating of EMC Mortgage determined?

EMC Mortgage provides collections, workouts, foreclosure administration, and accounting services in addition to the mortgage servicing. Companies are selected automatically by the algorithm. A company’s rating is calculated using a mathematical algorithm that evaluates the information in your profile.

Who are the most experienced residential mortgage companies?

At the present time EMC Mortgage Corporation is considered to be one of the most experienced residential mortgage companies in the industry. EMC Mortgage provides collections, workouts, foreclosure administration, and accounting services in addition to the mortgage servicing. Companies are selected automatically by the algorithm.

Share this post