title proving their right to foreclose.â€? Radke continued, â€œIn some instances for lenders, that means no note, no foreclosure. For example, a federal bankruptcy judge dismissed a lenderâ€™s action to enforce a New Jersey mortgage because the note had been â€˜misplaced, lost or destroyed,â€™ but then said it had been found and the lender and the broker could not â€˜explain the inconsistencies.â€? An increasing amount of legal and compliance professionals are recommending, value-based archiving. Only 1/10 of the size of traditional archives, value-based systems identify what has value and should be kept points and looming risks to any financial institution are data breaches, regulatory legislation and litigation. When non-compliance is taken out of that mixture and replaced with automated, compliant proactive steps to safeguard policies enacted by CIOs, CCOs and legal teams, risks are significantly mitigated. At different levels of the organization, communications and sensitive documents can be audited, disposition decided and what needs to be maintained can be put on to legal hold for preservation. These steps secure consumer information, keep data organImplementing policies Arguably, the three biggest pain ized and accessible, and give institufor long term preservation. This eliminates the save-everything strategy and streamlines the archiving process. Information management software can even automatically identify new content and move it to the repository for long-term storage and legal hold. Retention periods can be assigned in order to ensure the content is not preserved beyond any legal or regulatory requirements and only archive the data required for legal and compliance and not everything. tions the option to not save documents longer than required. A growing number of leading institutions are turning to unstructured data profiling technology to get a better understanding of what risks and compliance violations they are storing and decide disposition on them. This proactive compliance approach allows institutions to avoid costly procedures down the road. Jim McGann is vice president of Index Engines, a provider of enterprise information management and archiving solutions. He may be reached by e-mail at jim.mcgann@indexengines.com. 49 Markets may be volatile, but thereâ€™s one thing you can always count on, the total commitment of our Mor tgage Team. Loyalty, continuity of ser vice and our dedication to protecting the integrity of our relationships are just a few of the things that set us apar t. Ridgewood understands the needs of its communities # #5//? 0 5)?&5853357?57? ( " ,("' 5//? 0 5)?&5853357?57? ( " ,(" ' : :8?4<50/?; 5853357 80!64 ::!;5) + :< 8?4<50/?; 5853357 80!64 ::!;5) + :< 9 9 ? ? ' *' ? ? ' *' #5//? 035?#:)375)7?57?*( " ' " , * #5//? 035?#:)375)7?57?*( " ' " , * :8?4<50/?/ :)375)7 80!64 ::!;5) + :< :8?4<50/?/ :)375)7 80!64 ::!;5) + :< 9 9 ? ? ' ** ? ? ' ** 4810)6 ? 8:) ?@? 8:: /%)?@?95) 5775)?@? =44)3?@? 7574)? 3/5)!?@? 4810)6 ? 8:) ?@? 8:: /%)?@?95) 5775)?@? =44)3?@? 7574)? 3/5)!?@? 5335= 5335= ? ????? 5 5335=?@? = :/ ?@? 437 43748?@? =7)5=<;:?9:8765643?2150/5;/4?=.?7:?-,+*?90//0:)?:)?(?7:?'?&5<0/%$?#:": @? :?2!!? )?7:? )748437? 574?=.?7:?- ?90//0:) @? :5)3?95!4?7:? 5) "2..8:14!? #3?5)!? 8=373 @? )/%? )4?2..85035/? :?957748? 57?7 4? :5)?2<:=)7?:8? 8:.487%? 5/=4 @? .?7:?-(+*?90//0:)?#53 ? =7?:)? 80<58%? 430!4) 43 NationalMortgageProfessional.com W