Seven years after President Clinton signed the Homeowners Protection Act into law, processing private mortgage insurance termination requests has become the latest mortgage-related function to become an outsourcing darling. One beneficiary of this new trend is eAppraiseIT of Poway, CA. So far this year, the company has seen a 110 percent increase in its volume – processing about 10,000 terminations since January, reported Diane Valadez, the firm’s senior vice president. Only about 35 percent of…