The Wolf Firm


2001 WESTERN STATES SERVICING CONFERENCE

NET IT!

THE INTERNET FROM A LOAN SERVICING PERSPECTIVE


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

Ed Hill
Litton Loan Servicing, Inc.

5373 West Alabama, Suite 600
Houston, TX  77056
(713) 960-9676 Phone
(713) 621-2285

E-Mail:  ehill@litton.c-bass.com
Web:  http://www.c-bass.com/fr_services.html



Note:  This outline is a printout of a web page located at http://www.wolffirm.com/westernstate/internet2.htm.  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
             3.  Cost is Going Down/Performance is Going Up
             4.  Bandwidth
                  a.              .3 K       1985 Modem                    ($600 to buy/$20 per hour access fee)
                  b.          28.8 K       Most Modems Today        ($100 to buy/$20 per month unlimited access fee)
                  c.        128    K       ISDN Line                        ($200 to buy/$80 per month unlimited access fee)
                  d.        144   K       G-3 Phones                       (Various rates- Online access through cell phones)
                  e.     1,500    K       T1                                     ($3,000 to install/$1,000 per month unlimited access fee0
                  f.     1,500    K       ADSL Line                        ($300 to buy/$100 per month unlimited access fee)
                  g.   10,000    K       Cable Modems                  (Rental included in monthly service/$40 per month)
                  h.    45,000    K      T-3                                    (Prices rapidly dropping)
            5.  There is generally no additional charge for viewing a web page/the information is free.
            6.  We're at the same stage as the early black & white tv's     
            7.  The New Economic Order
                 a.  Disintermediation
                 b.  From Marketplace to Marketspace

What are we going to discuss?
          1.  Web Information Useful To Servicers
          2.  Web Information Provided by Servicers

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

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  Web Information Useful to Servicers


Loan Servicing Specific Applications

Online Listsev Of Mortgage Servicing Related Questions
                 1.  USFN Listserv

Articles on Mortgage Servicing
                1.  USFN Library of Articles

Online Status of Case

                1.  Lincs

The Wolf Firm MissingAssignment Database

The Wolf Firm Mortgage Banking Training

The Wolf Firm Mortgage Banking Forms

The Wolf Firm Mortage Banking Books Sold Online

Mortgage Banking Jobs

            1.  The Wolf Firm Database of Mortgage Related Jobs
            2.  The USFN Database of Mortgage Related Jobs

Glossary of Terms

            1.  USFN Glossary of Legal Terms Related to Mortgage Servicing

Analysis of Legal Issues

            1.  USFN Web Site- Servicing Topics

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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)

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Law Related Information of Interest To Mortgage Servicers

TOPICAL MATERIALS

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FEDERAL INFORMATION

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STATE INFORMATION

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GENERAL NEWS-NEWS SERVICESNEWSPAPERS AND MAGAZINES

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REFERENCE MATERIALS

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SEARCH ENGINES

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Web Information Provided by Servicers

           1.  Exchange of Information Between Servicers and Attorneys

                a.  Litton Loan Servicing, Inc-  Attorney/Client Web Based Application

                b.  Wells Fargo Default-  Comprehensive information for default attorneys and trustees.

           2.  Information Provided to Borrowers

                a.   Simple listing of information.

                b.  Alltel/CPI  Internet Services - Consumers can check on payment, tax information, loan Activity and PMI information, 24 hours a day.

                c.  Countrywide- Comprehensive Account information.

             


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


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