The Wolf Firm


THE INTERNET AND MORTGAGE LOAN SERVICING
TEXAS MORTGAGE BANKERS ASSOCIATION
47th Annual Seminar
1997


Presented By:

ALAN STEVEN WOLF
The Wolf Firm
A Law Corporation
18 Corporate Plaza Drive
Newport Beach, California  92660
(949) 720-9200 Phone
(949) 720-9250 Fax
E-Mail:  Alan_Wolf@wolffirm.com
Web:     http://www.wolffirm.com


Note

This outline is a printout of a web page
located at http://www.wolffirm.com/tmba
The Wolf Firm will maintain this material
online to allow you to further explore
the application of internet technology to
mortgage loan servicing.


Overview

What is the Internet and Why Do We Care?

            1.  The Concept
                  a.  The History
                  b.  A Connection of Computers (Over 1,000,000)
                  c.  Very durable (Made to withstand a nuclear attack)
            2.  The Hype
                   a.  100,000,000 plus users
                   b.  50,000,000 web users
                   c.  A new form of communication
                   d.  E-Commerce
             3.  Cost is Going Down/Performance is Going Up
           

Speed Year Device Price of Device Access Fee

        .3 K

1985 Modem $600 to buy      $20 per hour
         1.2 K 1988 Modem $500 to buy      $18 per hour
         1.4 K 1991 Modem $450 to buy      $15 per hour
       28.8 K 1993 Modem $325 to buy        $4 per hour
       33.3 K 1994 Modem $100 to buy      $20 per month unlimited access
     128.0 K    1995 ISDN $200 to buy      $80 per month unlimited access
  1,500.0 K 1990 T1 $3,000 to install $1,000 per month unlimited access
  1,500.0 K 1996 DSL $300 to buy    $100 per month unlimited access
10,000.0 K 1997  Cable Modems     $75 to buy      $40 per month unlimited access

       
            4.  This is generally no additional charge for viewing a web page/the information is free.
            5.  We're at the same stage as the early black & white tv's     
            6.  The New Economic Order
                 a.  Disintermediation
                 b.  From Marketplace to Marketspace

What are we trying to achieve?
            1.   More effective communication
            2.   Lower cost.

 Go to top of this page.


The Web

  How Does It Work?
     1.  Connection
           a.  TCP/IP
           b.  PPP
     2.  Browsers
           a.  Types
                1)  Netscape
                2)  Microsoft
                3)  Online Service
            b.  How do you get them?
                 1)  Buy in computer store  (about $40)
                 2)  Download beta version (free)
            c.  What do they do?
                  1)  HTTP
                  2)  Multimedia
                        a.  Graphics/Pictures
                        b.  Sound
                        c.  Video
                        d.  Virtual Reality
                   3)  Hyperlinks
                         a.  Same page  (Go to the top of  this page)
                         b.  Same server (Go to The Wolf Firm home page)
                         c.  Different server anywhere in the world. (Go to the London Times)
      4.  How does the browser find the Web page?
            a.  Domain Names
                  1) Descriptions
                       a) com-  company
                       b) gov-   government
                       c) edu-   education
                       d) org-   organization
                       e) net-    network
                   2) Domain Name
                        a)  yourcompany.com
                        b)  Example:   wolffirm.com
                   3) Country Code after domain name (e.g., uk- England, no country code on American sites)
           b.  Uniform Resource Locator (URL)

                  1) Hypertext Transport Protocol (http)
                  2) http://www.domainname.com  (e.g., http://www.wolffirm.com)
     Go to top of this page.


Loan Servicing Specific Applications
           (And they're all available today)

Mortgage Banking News- Get up to the minute mortgage industry news!

Online Status of Case- Get up to the minute information on your cases!

Online Servicing Guides, HUD & VA Notices- Get up to the minute regulations!

Online Document Imaging-  Share an electronic file with all of your staff and vendors!

Title Information- Determine title information!

Missing Assignment Database- Find the entity that failed to record that assignment!

Mortgage Banking Forms- Locate and fill out your mortgage industry forms online!

Articles on Mortgage Servicing- Research a topic and locate articles written by industry experts!

Calendar of Mortgage Banking Conferences- Party time!

Mortgage Banking Training- Train your staff with up to the interactive training material!

Online Discussion/Message Board - Post Mortgage Servicing Related Questions!

Mortgage Banking Books Sold Online- Get smart!

 Go to top of this page.


   For Mortgage Servicers

Mortgage Servicing Related Information
           (Note:  All of these links, and many others, may be found at the The Wolf Firm library located http://www.wolffirm.com/library)

  Go to top of this page.


TOPICAL MATERIALS


REFERENCE MATERIALS

  Go to top of this page.


SEARCH ENGINES

  Go to top of this page.


The Wolf Firm
A Professional Law Corporation
18 Corporate Plaza Drive
Newport Beach, California  92660
(949) 720-9200 Phone
(949) 720-9250 Fax

E-Mail us at Alan_Wolf@wolffirm.com


| Home | What's New | Firm Profile | Firm Resume | Firm Publications |
| Library | Bookstore | Missing Assignment Database | Mortgage Banking Training |
| Employment | Guestbook | Industry News | Industry Calendar | Search |
| Forms | Photo Albums | Miscellaneous | Disclaimer | Contact us! |

Last Revised On
© 1996-2001 The Wolf Firm. All rights reserved.